European electricity demand rises, gas demand declines in Q3'24

European electricity demand rises, gas demand declines in Q3’24

The European Commission in Brussels reported that during the third quarter of 2024, the EU’s gas and electricity markets demonstrated their resilience in ensuring supply security. This strength was attributed to measures enhancing flexibility, improving integration among EU member states, and the deployment of renewable energy sources. According to the report, electricity demand saw moderate…

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The OPEC Fund for International Development (the OPEC Fund) has signed its first loan agreement with Montenegro,

OPEC Fund signs €50 million loan agreement with Montenegro

The OPEC Fund for International Development (the OPEC Fund) has signed its first loan agreement with Montenegro, providing a €50 million loan to strengthen fiscal sustainability and the green transition in the southeast European country. The Resilient Fiscal and Sustainable Development Program will help Montenegro improve its public financial management, support climate action and promote…

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Winning Mohammed bin Rashid Government Excellence Award significant milestone in CBUAE's success journey

Winning Mohammed bin Rashid Government Excellence Award significant milestone in CBUAE’s success journey

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) said that winning the Mohammed bin Rashid Government Excellence Award is a significant milestone in the CBUAE’s success journey. “The accolade serves as a great incentive for further dedication in achieving leadership and becoming one of the top central banks in the world,”…

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Sharjah Chamber enhances industrial cooperation, strategic partnership with its Indian counterpart

Sharjah Chamber enhances industrial cooperation, strategic partnership with its Indian counterpart

The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to expand collaboration in the industrial sector with the Federation of Indian Chambers of Commerce and Industry (FICCI), as part of its ongoing efforts to foster economic partnerships with high-potential markets. The discussions were held during a meeting with a delegation from FICCI at…

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