The investment will be implemented in phases over four to six years. The first phase alone is valued over OMR73 million. With a project investment of over OMR188 million for the manufacturing of batteries, the shift towards cleaner sources of en energy will get a major boost. It will help Oman in achieving net-zero greenhouse […]
The World Bank has long recognized the critical importance of agricultural extension services – ranging from training and data to technology transfer – which make up the second-largest share of its agriculture portfolio. Yet farmers have often been slow to adopt the very methods and tools these services are designed to deliver—limiting their own productivity and […]
In January 2026, the European Union will require importers of certain carbon-intensive goods to pay for their products’ embodied carbon emissions. The policy, known as the Carbon Border Adjustment Mechanism (CBAM), could raise the cost of exporting these goods to the EU market, potentially affecting the competitiveness of exporters. To help developing countries assess the potential […]
U.S. crude stocks fell by 2.42 million barrels, market sources said on Tuesday, citing American Petroleum Institute figures, ahead of official data at 1430 GMT. Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks to end the Ukraine war, with […]
OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world’s largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in September versus March, […]
U.S. liquefied natural gas developer Next Decade will receive up to $1.8 billion in equity commitments from Total Energies and Global Infrastructure Partners to finance a fourth liquefaction plant at its Rio Grande LNG export project in Texas, the company said on Monday in a regulatory filing. The move brings NextDecade one step closer to a positive […]
Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than two-year high in August after the world’s largest exporter raised prices, several trade sources said on Monday. State oil firm Saudi Aramco will ship about 43 million barrels to China in September, or 1.43 million barrels per day […]
Low-income countries and Sub-Saharan Africa are being left behind in global progress toward affordable healthy diets. Around 2.6 billion people – 32% of the global population – could not afford a healthy diet in 2024 The latest estimates of the Cost and Affordability of a Healthy Diet (CoAHD), published in the 2025 State of Food Security and Nutrition […]
Investors weigh impact from Trump threats over Russian oil. Oil prices were little changed on Friday and heading for a weekly gain as investors weighed the impact of further tariffs and sanctions by U.S. President Donald Trump. Brent crude futures were down 35 cents, or 0.49%, at $71.35 a barrel by 1039 GMT. U.S. West […]
The most-active wheat contract on the Chicago Board of Trade was down 0.2% at $5.15-1/2 a bushel. Chicago wheat futures eased on Tuesday to approach their lowest since 2020 as seasonal supply pressure from Northern Hemisphere harvests weighed on the market. Corn edged down to set fresh contract lows, with steady U.S. crop conditions and […]
