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Masdar has expanded its global clean energy initiatives with $12.5 billion in projects across nine countries, including $8.1 billion in equity investments. The company aims for 100GW of renewable energy capacity by 2030 and plans to grow its portfolio to 51GW by the end of 2024, with significant projects in Europe and North America. Recent achievements include financial closures on six projects, such as the 1.1GW Al Henakiyah Solar Power Plant in Saudi Arabia and solar projects in Azerbaijan.
FDM Group shares (LON: FDM) have seen a significant decline, dropping 24.59% in early 2025 and 47.88% over the past year. Deutsche Bank has cut its price target from 360 GBp to 275 GBp while maintaining a Hold rating, reflecting cautious optimism amid a challenging market. The stock, currently trading at 239.50p, has fallen over 80% since September 2021, as it seeks support in a fluctuating environment.
ING Group forecasts that the Central Bank of Azerbaijan will maintain its interest rate at 7.25% until late 2025, with expectations for a gradual increase to 7.5% in Q3 2026 and 7.75% in Q4 2026. Currently, the interest rate corridor is set between 6.25% and 8.25%.
Azerbaijan's Central Bank is expected to begin tightening its monetary policy in Q3 2026, according to forecasts from ING Group. The bank will maintain the discount rate at 7.25% until the end of 2025, with an anticipated increase to 7.5% in Q3 2026 and 7.75% in Q4 2026.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
Oil prices increased as OPEC+ decided to delay production increases, with U.S. crude rising to $69.04 per barrel and Brent crude to $72.77. The group, led by Saudi Arabia and Russia, will maintain voluntary cuts of 2.2 million barrels per day until March 2025, gradually phasing them out by September 2026 to ensure market stability. Despite these measures, the International Energy Agency warns that global supply may outstrip demand by 1 million barrels per day next year.
OPEC+ members have decided to delay the unwinding of a 2.2-million-barrels-per-day output cut until April 2025, citing a weak global demand outlook. This postponement follows a previous plan to begin phasing out the cut in December, while the broader coalition continues to restrict production to 39.725 million bpd. Despite these measures and ongoing geopolitical tensions, global oil prices remain subdued.
Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to local firm VG Invest for $322 million, following the lifting of state control by President Putin. The deal, which includes cash and shareholdings in Carlsberg Azerbaijan and Kazakhstan, comes after Carlsberg accused the Russian government of "stealing" its business. Carlsberg's CEO stated this outcome is the best possible given the circumstances, while analysts noted that companies that exited the Russian market early fared better.
India's delegation expressed outrage at COP29 over the swift adoption of a USD 300 billion climate-finance package, which they deemed "unfair" and "stage-managed." Adviser Chandni Raina criticized the amount as "abysmally poor" compared to the USD 1 trillion needed annually by developing countries, highlighting concerns over the sources of funding and the voluntary nature of contributions.
At COP29 in Baku, tensions escalated as negotiators from vulnerable nations, including the Alliance of Small Island States and Least Developed Countries, stormed out over a draft finance agreement they felt excluded their input. Despite objections from India and Nigeria regarding the rushed adoption of a $300 billion annual climate finance goal by 2035, the deal was finalized in the early hours, highlighting ongoing frustrations over inclusivity in climate negotiations.
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Masdar invests 12.5 billion in global clean energy projects across nine countries
10:53 24.03.2025
FDM Group shares decline as Deutsche Bank cuts price target to 275 GBp
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12:16 29.11.2024
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