Latest news with #industryleaders
Zawya
6 days ago
- Business
- Zawya
Africa's Crude Export Landscape is Shifting – What It Means for the Continent and the Industry
Africa is repositioning itself in the global oil market – not merely as a supplier to international markets, but as a rising energy consumer and industrial growth hub. The newly released OPEC World Oil Outlook 2025 underscores a continent in transition, leveraging its natural resources to meet domestic demand, expand refining capacity and strengthen regional energy security. These shifts signal a maturing energy profile, one that will be at the forefront of discussions during African Energy Week 2025 (AEW): Invest in African Energies, where policymakers, investors and industry leaders will shape the future of African energy on African terms. Crude Exports Plateau Before Gradual Decline OPEC projects that Africa's total crude and condensate exports will remain stable at around 5.2 million barrels per day (bpd) through 2035, thanks to modest increases in production. However, this steady supply will increasingly be used at home. By 2050, exports are expected to decline to 4.2 million bpd – not due to market loss, but as a result of rising domestic demand and strategic value addition on the continent. One of the most significant insights from the report is the continent's growing internal energy appetite. Domestic crude use is expected to rise from 1.8 million bpd in 2024 to 4.5 million bpd by 2050, nearly tripling over the outlook period. This growth is tied to Africa's demographic boom, industrial expansion and a concerted push to enhance local refining and downstream infrastructure. As African governments invest in capacity to process more of their own crude and produce their own fuels, the continent is taking steps toward energy independence and job creation across the value chain. Europe and Asia: Changing Trade Patterns Meanwhile, global trade patterns are shifting in ways that present new opportunities for African producers. Exports to Europe are expected to increase to a peak of 3 million bpd in 2030, before gradually tapering to 2.3 million bpd by 2050, in line with Europe's broader energy transition and shrinking reliance on imported oil. The Asia-Pacific region is emerging as a more prominent long-term partner, with African crude exports remaining stable at 1.9 million bpd through 2030, then rising modestly to 2.2 million bpd by 2040 before easing to 1.8 million bpd by 2050. Trade with the U.S. and Canada, which stood at 400,000 bpd in 2024, is expected to fall to 100,000 bpd by 2045, as competition from Latin America intensifies. Yet rather than signaling decline, this trend underscores the importance of market diversification and deeper regional cooperation – a direction many African producers are already pursuing through integrated trade corridors, cross-border pipelines and African Continental Free Trade Area initiatives. What This Means for Africa's Energy Strategy — and AEW These evolving dynamics will be a core focus at AEW 2025: Invest in African Energies, the continent's premier platform for energy dialogue, investment and policy alignment. AEW will provide a stage for African countries to present their long-term energy strategies and forge partnerships aimed at building capacity, securing financing and scaling infrastructure. Rather than reacting to global shifts, Africa is asserting its own agenda centered on energy access, industrialization and sustainable growth. A dedicated OPEC roundtable at AEW will also explore the implications of the World Oil Outlook 2025 in greater depth. This forum will offer African producers and OPEC member states a chance to align on market expectations, explore new trade frameworks and identify areas for collaboration across production, refining and investment. 'As demand at home accelerates and global market dynamics evolve, the continent is stepping into a more self-directed and strategic role in the energy world. AEW 2025 will be a critical moment to chart that course, ensuring that Africa's oil and gas resources are harnessed not only for global supply but for African prosperity,' says NJ Ayuk, Executive Chairman, African Energy Week. Distributed by APO Group on behalf of African Energy Chamber. About AEW: Invest in African Energies: AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
Free Malaysia Today
15-07-2025
- Business
- Free Malaysia Today
Govt looks into US request to ease foreign ownership limits
Tengku Zafrul Aziz said trade officials were working to meet the new US tariff deadline of Aug 1, 'but not at the expense of agreeing to every request'. PETALING JAYA : The government is to consult industry leaders over a US request to relax the limits on foreign ownership of companies in some sectors, says investment, trade and industry minister Tengku Zafrul Aziz. Tengku Zafrul said the US had asked Malaysia to consider liberalising the foreign shareholding restrictions in force on some sectors. Many other nations have also received the same request from the US, he said. The minister said the government would need to consult industry leaders in strategic sectors to determine whether these sectors were ready for the caps on foreign equity to be lifted. 'We need to carefully study its potential impact,' he said. Tengku Zafrul pointed out that some sectors did not have such restrictions, while the manufacturing industry was 'nearly all open'. However, foreign equity limits are still being imposed on strategic sectors, he said. 'As you know, Malaysia has equity restrictions for foreign shareholders in certain sectors. There's a request for us to relook or liberalise those sectors. We need to consult those industries, on whether we are ready to relax those equity shareholding restrictions,' he said. However, not all the US requests would be accepted, he said. 'Some of the requests, we feel, may not be fair to Malaysia.' He said trade officials were working to meet US president Donald Trump's new tariff deadline of Aug 1, 'but not at the expense of agreeing to every request'. The Trump administration has said a 25% tariff would be imposed should talks on a trade deal fail. Flexibility on tariffs Tengku Zafrul said there might be room for flexibility on a sector-by-sector basis. 'There will be opportunities for us to negotiate tariffs below 10% for certain sectors. But at the same time, we cannot depend solely on this trade negotiation.' He pointed to the current status of key sectors such as semiconductors and pharmaceuticals, on which no tariffs are imposed. 'For example, pharmaceuticals are in a better position. Right now, tariffs for both the semiconductor and pharmaceutical sectors are at zero. Naturally, we want to maintain that 0% tariff, but whether we can secure it is another matter.' On the potential impact of tariff changes on the Johor-Singapore special economic zone, Tengku Zafrul said investors were holding off until there was greater clarity. 'There seems to be a wait-and-see attitude. Investors are watching how the tariff scenario plays out before recalculating their positions. That calculation can only happen once there's certainty.' Another discussion would be held this week, with talks to be accelerated until the end of the month, he said.
Zawya
15-07-2025
- Automotive
- Zawya
National Auto Award 2025 – 13th Edition: A legacy of excellence and innovation
Jeddah, Saudi Arabia – The National Auto Award, now entering its 13th year, continues to be the premier recognition platform for the Saudi Arabian automotive industry. Since its inception, the award has been a symbol of excellence, honoring the achievements of automotive brands and individuals who have significantly contributed to the industry's growth and transformation. With over 250 awards presented to Saudi automotive brands over the years, the National Auto Award has firmly established itself as the first of its kind in the Kingdom. Each year, it brings together the best in the industry, celebrating the milestones that drive innovation, progress, and success. As we look forward to the 13th edition, the award promises to build on this rich legacy with a new theme that has never been seen before in the Kingdom. While the theme remains under wraps for now, it is set to elevate the event to new heights, offering a fresh perspective and a dynamic experience. PR Arabia, the visionary behind the National Auto Award, continues to push the boundaries of what an automotive award ceremony can be. Its commitment to honoring automotive excellence while staying ahead of industry trends makes it a cornerstone event in Saudi Arabia's automotive landscape. The 2025 edition of the National Auto Award is set to be another milestone in the award's rich history, reinforcing its position as a platform that not only celebrates the past but also shapes the future of the automotive industry in Saudi Arabia. About the National Auto Award Founded a decade ago, the National Auto Award has become the premier recognition platform for the Saudi Arabian automotive industry. It celebrates excellence, innovation, and craftsmanship, highlighting the achievements of manufacturers, designers, and engineers. With a commitment to transparency and quality, the award honors the visionaries and pioneers shaping the future of mobility, offering a distinguished platform to showcase the industry's growth and transformation.
Yahoo
15-07-2025
- Business
- Yahoo
Pioneering the Smart Building Revolution: the 4th Midea Building Tech. TRUE Conference Charts Path Towards a Low-carbon Era
SHANGHAI, July 15, 2025 /PRNewswire/ -- With the building industry accelerating the digital and low-carbon transformation, the 4th Midea Building Tech. TRUE Conference ("TRUE Conference"), took place from July 2 to 3 in Shanghai. Focusing on the forefront of smart buildings and sustainable development, the TRUE Conference has attracted over 300 industry leaders and over 10,000 participants in the past three years, facilitating numerous technical collaborations in the building sector. Themed "TRUE Evolution: Smart Building, Green Future," this year's conference convened more than 50 global industry leaders and experts to share their vision and further drive the evolution of the industry through the main forum, panel discussions, product launches and eco-exhibitions. The event attracted approximately 2,000 partners from the building sector ecosystem. During the main forum, experts shared insights on advancing green and low-carbon development. Discussions highlighted the need to build a new architectural energy system to support high-quality energy development, alongside an innovative concept of synergistic convergence between green buildings and financial ecosystems to promote sustainable financing solutions. Practical experiences in enhancing energy efficiency and implementing urban decarbonization strategies were presented, drawing from international case studies. In addition, Midea Building Technologies ("MBT") introduced five innovative solutions at the conference, spanning its key business areas including HVAC, smart elevators, building automation, and energy management. The Midea V9 VRF overcomes industry challenges including cooling efficiency degradation in extreme temperatures, the need for additional inverters in photovoltaic integration, and energy waste from unmonitored air conditioning usage. In the large-scale chillers sector, Midea leverages its core "MAGLEV+" technology to achieve comprehensive breakthroughs spanning from refrigeration to industrial energy supply. This drives the energy field's transition from single-equipment upgrades to system-level transformation. Meanwhile, Kermi unveiled its intelligent residential HVAC+E Solution, creating more comfortable, intelligent, and sustainable living environments. LINVOL launched its next-generation residential elevator technology and a full-scenario solution for cargo lifts, ensuring every journey achieves better arrivals. "MBT has established benchmark projects across smart campuses, intelligent healthcare facilities, advanced manufacturing plants, and digital rail transit systems," said Peter Guan, Vice President of Midea Group and President of Midea Building Tech. "Aiming to become our customers' Smart Building Partner, we continuously enhance capabilities in digitalization, automated controls, system design, and engineering delivery, all meeting low-carbon and intelligent requirements. " For more information, please visit View original content to download multimedia: SOURCE Midea Building Technology
Skift
10-07-2025
- Business
- Skift
Skift Global Forum 2025: A New Era Demands a New Map
The last five years were about resilience and regrowth. The next five? Reinvention. Skift Global Forum 2025 is where travel's next chapter takes shape — through bold ideas, strategic clarity, and the people reshaping the industry. September 16–18, 2025 | The Glasshouse, New York City This year's theme is clear: "Travel 2030: People, Platforms, and New Paths Forward." We're in an era of perma-disruption — political tension, AI breakthroughs, shifting platforms, economic whiplash, and travelers redefining what they want. The travel industry isn't waiting for stability anymore. The most forward-thinking leaders are rewriting the rules right now — and you belong in the room where it's happening. Navigate What's Next and Lead With Purpose This theme captures how people, breakthrough technologies, and bold strategies are reshaping how we move, connect, and belong. On stage, you'll hear from leaders at global brands and rising startups challenging the status quo. Topics include: How airlines are innovating under pressure Navigating political and cultural upheaval, reshaping global travel Why destinations are prioritizing sustainable tourism over pure volume How hotels are redefining hospitality for a new generation The role of AI, personalization, and loyalty in a fragmented marketplace The rising power of sports, food, culture, and entertainment as drivers of travel demand and telling stories Real strategies to make travel more regenerative How travel continues to unite a divided world Leading through constant change and staying ahead of the curve Tangible Insights. Unscripted Conversations. Lasting Connections. This isn't just another travel leadership conference — it's where big thinking meets real strategy. The clarity, connections, and candid conversations you'll only experience at Skift Global Forum: Frank conversations with travel's top CEOs Clear strategies for growth in uncertain times New connections through expert-led roundtables Real-time insight into platforms, personalization, and what travelers want next You'll leave with clarity, confidence, and fresh partnerships to lead through disruption and thrive. Don't Miss Your Seat in Travel's Most Influential Room If you're building, leading, or rethinking the future of travel, this is where it all comes together. Seats are limited, and early-bird rates won't last. Join us in New York this September. This is not just another event. It's the forum that moves the industry forward. Skift Global Forum: What to Expect Now in its 12th year, Skift Global Forum has become a global benchmark for what's next in travel. Kick things off at the Opening Night Event on September 16, then dive into full days of main stage talks, networking, and industry collaboration on September 17–18 at The Glasshouse. Read More
