The UAE-based Dana Gas swung to a net profit of $317 million (1.16 billion dirhams) for full year ended 31 December 2021, from a net loss of $376 million in the year-ago period on higher oil prices, improved operational performance and other income..... Read more »
Posted on : 3/4/2022
The discovery comes as Gulf Arab states continue to rely heavily on profits from oil and gas exports, despite rising global temperatures and climate change from burning fossil fuels..... Read more »
The United Arab Emirates and Indonesia are close to finalising a trade and investment deal after months of negotiations and could sign an agreement in March, officials from the 2 sides said..... Read more »
Posted on : 3/3/2022
As Japan and the UAE are celebrating the 50th anniversary of the establishment of the diplomatic relations, the new Japanese envoy in Abu Dhabi is looking for new frontiers in the ties..... Read more »
Dubai's Jebel Ali Free Zone has opened the region's first electric vehicle (EV) and battery logistics centre..... Read more »
A global coalition led by the UAE and the United States to improve food security and mitigate the effects of climate change has revealed plans to increase its investment objective from $4 billion to $8 billion..... Read more »
Posted on : 3/2/2022
Dubai's Hassyan Power Co., which recently converted from clean coal to natural gas, will add capacity over the next 2 years to reach 2,400 MW, the emirate's state utility said on 7th February 2022..... Read more »
Aksa Power Generation was founded as an electrical motor factory by Ali Metin Kazanci in year 1968..... Read more »
Abu Dhabi’s renewable energy company Masdar and solar investment company W Solar Investment have set up a joint venture to develop renewable energy projects with a focus on Africa and the region of the Commonwealth of Independent States..... Read more »
Posted on : 3/1/2022
Oman has inaugurated today the 500-MWac Ibri II photovoltaic (PV) park in the northwestern governorate of Al Dhahirah, which represented an investment of about OMR 155 million (USD 403.1m/EUR 356m)..... Read more »