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Iraq Bulletin

Tag : energy transition

Business

Developing Asia FDI reaches $644 billion in 2025

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Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in its World Investment Report 2026. The gain kept the region as the largest FDI recipient...
Business

ADB unveils fund to speed ASEAN power grid plans

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MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for Energy...
Business

China electric cars reshape fuel demand and Venezuela oil flows

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BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said China sold...
Business

UAE and Korea strengthen cooperation in energy and advanced industry

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SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and...
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ADNOC Gas posts strong Q1 with $1.27 billion net earnings

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ADNOC Gas plc announced a net income of $1.27 billion for the first quarter of 2025, representing a 7% increase compared to the same period in 2024. The company also reported an EBITDA of $2.16 billion for the quarter, up...
Business

Solar and wind markets forecast strong global rise

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The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by...
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Power capacity from renewables sees record-breaking global growth in 2024

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Record-breaking annual growth in renewable power capacity in 2024 has been confirmed by the International Renewable Energy Agency (IRENA) in its latest Renewable Capacity Statistics 2025 report. The report shows global renewable power capacity reaching 4,448 gigawatts (GW), following an...
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Electricity consumption drives global energy demand surge in 2024

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Global energy demand increased sharply in 2024, rising by 2.2% and nearly doubling its average annual growth rate of the previous decade, according to the latest Global Energy Review released by the International Energy Agency (IEA). The report attributes the...
Featured News

Emerging economies to drive 85% of global electricity demand growth

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Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new report from the International Energy Agency (IEA) released today. The surge in power consumption is...
Business

Global clean energy investment set to reach $1.7 trillion, overtaking oil production

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Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that...