The UAE's energy transition needs to be guided by science.
That's according to Mohammed Barkindo, Secretary-General of OPEC, who spoke exclusively to Dubai Eye 103.8's Business Breakfast at Gastech 2021.
He was critical of the "hype and distortion of facts" by interest groups that have tainted the reputation of the oil industry and has proved to be a challenge in the energy transition.
In light of climate change, oil and gas have gotten a lot of bad rap.
However, according to Barkindo, fossil-based fuel sources are still a vital part of the energy transition process, and it is not feasible to rule them out.
OPEC is still struggling to restore stability which they lost during the pandemic in 2020, and their focus is never on the prices.
He has reaffirmed OPEC's support to the Intergovernmental Panel on Climate Change (IPCC) that has contributed significantly to the cause and has done extensive scientific research into the issue.
The subject will be one of the critical issues at the UKCOP26 held in Glasgow in November and will take a holistic look into it, considering climate change and energy poverty.
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Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
The second round of trilateral talks between Russia, Ukraine and the United States has begun in Abu Dhabi, as diplomatic efforts continue to advance the political process towards resolving the crisis.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held a series of high‑level meetings on the sidelines of the World Governments Summit in Dubai.
A new initiative is set to expand artificial intelligence education across Dubai’s private schools, aiming to equip students with essential AI skills for the future.