Economy

Japanese Shares Slump on Governance Worries, JDI Tumbles as Bailout Falters

Kansai Electric’s President Shigeki Iwane told reporters on Friday that he and some other executives had received 320 million yen payments from a person outsid…

BP to Sell 1.58 Million Tonnes of LNG to KOGAS for 15 Years From 2025

BP has agreed a deal to sell 1.58 million tonnes of liquid natural gas (LNG) per year from the US to the Korea Gas Corporation (KOGAS) for 15 years from 2025, i…

China’S Belt And Road Initiative And Its Impact On The Middle East And North Africa

Attitudes towards the Chinese Belt and Road Initiative (BRI) have changed since the programme was first announced in 2013.

Policy interpretation

Synergy between China,EU Development Plan to be Huge Driving Force

Head of the Chinese Mission to the European Union (EU) Yang Yanyi in Brussels on Monday expressed that synergy between the "Belt and Road initiative" and the Ju…

Senvion to Sell Its European Services And Onshore Assets to Siemens Gamesa

German renewable energy company Senvion has announced that it has entered into a non-binding exclusivity agreement with Siemens Gamesa Renewable Energy (SGRE) t…

Country Profiles

Poland

With a population of about 38 million and GNI per capita of US$13,400 (2015), Poland has the largest economy in Central Europe.

Country Profiles

Malaysia

Malaysia is a highly open, upper-middle income economy.Malaysia was one of 13 countries identified by the Commission on Growth and Development in its 2008 Growt…

Oil & Gas Trade

UAE can Play Major Role in India's Transition to Gas-Based Economy

The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoy…

Siemens Has Spinned Off Its Gas And Power Business To Finish Listing Energy Unit in Next Year

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May …

Energy Storage Project

Global Energy Storage Projects Are on The Rise

A recent research study has identified 2,092 energy storage projects globally. As global electricity grids embrace the new energy economy, energy storage is bec…

Global Investment in Renewable Energy from 2010-2019 to Hit $2.6tn

Renewable energy made up 12.9% of the global share of electricity generation in 2018, an increase from 11.6% in 2017. Global investment in renewable energy capa…

Shell Leads Big Oil in the Race to Invest in Clean Energy Tech

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are we…

Shell Leads Big Oil in the Race to Invest in Clean Energy Tech

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are wel…

$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns

The US$20-billion Danish fund MP Pension said on Tuesday it is excluding the world’s largest oil companies from its portfolio, looking to secure long-term retu…

Oil Price

Russian Economy will not be Under Serious Pressure Even if Oil Prices Drop to $40

The Russian economy will not be under serious pressure even if oil prices drop to $40 per barrel, Russian Economic Development Minister Maksim Oreshkin said.