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MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment and development. However, the report underscores the need for stronger policies to boost demand in critical sectors such as heavy industry, refining, and long-distance transport to speed up deployment. The IEA’s Global Hydrogen Review 2024 points to significant progress in low-emissions hydrogen, despite ongoing regulatory uncertainties, cost pressures, and a lack of demand incentives. The report notes that these challenges have not deterred momentum, as evidenced by a growing number of projects moving toward final investment decisions. Over the past year, the number…

The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.

The Republic of Korea and the UK have launched a high-level dialogue platform to enhance economic and financial cooperation, focusing on supply chains, security, and climate change issues.

OPEC Fund partners with Evocabank to provide a $10 million loan aimed at empowering Armenian MSMEs, with a focus on climate action and women-led enterprises.

Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.

The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.

Amazon mandates a full-time return to the office for employees, clashing with the UK government’s push for flexible work rights, sparking a global debate on work models.