Middle East and Africa

FILE PHOTO: Turkey's Vice President Cevdet Yilmaz speaks during a press conference to unveil a savings measures package in Ankara, Turkey, May 13, 2024. REUTERS/Umit Bektas/File Photo

Business Climate Emissions Legislation News Politics Regulations

Turkey to implement national emissions-trading system soon, vice president says

Turkey will soon implement a national emissions-trading system in line with the EU Green Deal, Turkish VP Cevdet Yilmaz said on Friday

By Reuters7 Jun 2024Reuters

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo

Business Finance Fuel News Oil Politics Trade

Saudi Arabia set to raise $11.2bn in Aramco lower priced share offer

Saudi Arabia is poised to raise more than $11.2bn from its secondary offering of oil giant Aramco's lower priced shares

By Maha El Dahan, Hadeel Al Sayegh and Yousef Saba7 Jun 2024Reuters

FILE PHOTO: Gas flares are seen at the state-owned oil company PDVSA, in Punta de Mata, Venezuela April 5, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo

Climate Emissions Environment Legislation News Politics Regulations

West African nations call for firms to be able to offset carbon

A group of West African countries has weighed into a debate over whether companies should be allowed to use carbon offsets to cut...

By Virginia Furness5 Jun 2024Reuters

FILE PHOTO: People shop ahead of the holy month of Ramadan at the Mall of the Emirates in Dubai, United Arab Emirates, March 22, 2023. REUTERS/ Abdel Hadi Ramahi/File Photo

Business Economy Finance News Politics

UAE’s non-oil business growth retains slower pace in May, PMI shows

Capacity constraints weighed on non-oil business activity in the UAE in May with output growth at its slowest in 16 months

By Reuters5 Jun 2024Reuters

Nigerians are facing the worst cost-of-living crisis in a generation, with double-digit inflation leaving many struggling to afford food (AFP)

Nigeria union strike shuts power grid, schools, disrupts flights

Unions in Nigeria are also protesting an electricity tariff hike and there have been widespread blackouts after the Transmission Company of Nigeria said...

By AFP3 Jun 2024Agence France-Presse

IATA Director General Willie Walsh speaks during an interview with Reuters in Dubai, United Arab Emirates, June 2, 2024. REUTERS/Amr Alfiky

Aviation Climate Emissions News Transport

No need to reduce aviation growth to hit net zero, IATA head says

The head of the global airline body IATA said there was no need to reduce growth in global aviation in order to meet...

By Reuters3 Jun 2024Reuters

Business Fuel News Oil

Saudi Arabia kicks off Aramco share sale with demand said to be high

In a landmark deal, Saudi Arabia has begun a secondary share sale in oil giant Aramco.

By Ousef Saba, Hadeel Al Sayegh and Maha El Dahan2 Jun 2024Reuters

News

OPEC+ agrees extension of production cuts, sources say

OPEC+ poised to argue for deeper oil output cuts in 2024 and 2025.

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan2 Jun 2024Reuters

Children play near a poster for the uMkhonto weSizwe party in the township Botleng in Delmas, South Africa May 30, 2024. REUTERS/Ihsaan Haffejee

Analysis Coal Editorial Elections Fuel Politics

In South Africa’s coal belt ANC heartland, voters defect en masse

With the ANC on track to get 42% of the vote in the election, the anger in its coal-mining belt hints as to...

By Tim Cocks31 May 2024Reuters

Analysis Business Elections In-Depth Minerals Mining Politics

How a rattled South Africa became Anglo’s best defence against BHP bid

More than half a dozen people, including investors and ex-mining executives, told Reuters that Anglo American was able to rebuff BHP's approaches because...

By Felix Njini and Clara Denina30 May 2024Reuters