The Cupertino, California-based firm is on a multiyear project to diversify its manufacturing away from China
Set to span over 100 acres, twofour54 Studios will be a next-gen, virtual production-ready, metaverse-enabled and fully-fledged production studio
Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021
TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent
The group agreed on October 5 to reduce its collective crude-output target by 2 million barrels
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020
The world’s cotton supply keeps shrinking, hit by drought and heat
Oil is up almost 50 per cent this year
Oil has surged above $100 a barrel for the first time since 2014
“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said
The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch
Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year
The producer group is considering keeping additional supply off the market for three to six months
Construction and glass industries account for the largest share of industrial licences in Abu Dhabi with 20.1 per cent
The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020