UAE-based Adnoc Distribution signs two contracts in Africa

Adnoc Distribution, located in the United Arab Emirates, has signed two new distributors for its Adnoc Voyager lubricant in Angola and the Democratic Republic of the Congo..... Read more »

Posted on : 12/6/2021

76% of UAE Building Managers Invest in Energy-Efficient Lighting and HVAC Systems

More than 300 corporate leaders, building managers, and decision-makers from the UAE, Saudi Arabia, and Egypt participated in the study..... Read more »

Posted on : 12/1/2021

Q2 GDP growth at 8.4%, government sees double-digit rise in FY22

The country’s economy grew by 8.4% in the July-September quarter, broadly in line with expectations, led by a steady farm sector and double-digit expansion in public administration.... Read more »

Posted on : 12/1/2021

Israel to Sign Solar Power Deal with Jordan in UAE

Dubai: Israel is set to sign a declaration of intent with neighbouring Jordan on building a major solar power plant in the kingdom that will be used to generate electricity for Israel, as well as power a desalination plant there to send water onto Jordan, an Israeli official said on 21st November 2021..... Read more »

Posted on : 11/30/2021

Uae Seeks To Raise At Least $1bn For New Energy Transition Accelerator Initiative

The UAE and the International Renewable Energy Agency (IRENA) has announced the Energy Transition Accelerator Financing (ETAF) platform, a new global climate finance facility to accelerate the transition to renewable energy in developing countries..... Read more »

Posted on : 11/30/2021

Ministry Of Industry and Advanced Technology, Dubai Industrial City Deal to Boost UAE Industrial Sector

The Ministry of Industry and Advanced Technology (MoIAT) and Dubai Industrial City (DI), one of the largest industrial hubs in the region, have signed a deal designed to further enhance the UAE’s industrial sector while facilitating decarbonisation efforts..... Read more »

Posted on : 11/29/2021

UAE Development Bank to Pump $8bn into Industry

Emirates Development Bank plans to pump 30 billion dirhams (USD 8 billion) across its domestic markets by year 2025, to support the industrial sector..... Read more »

Posted on : 11/29/2021

Saudi Utility Giant SEC Turns into Profit with A 1443% Jump in 9 Months Of 2021

The Kingdom's utility giant, Saudi Electricity Co., reported on 7th November 2021 that it turned into profit in the first 9 months of 2021 after seeing its net profit jumping by a staggering 1443 %..... Read more »

Posted on : 11/26/2021

Abu Dhabi's TAQA Reports Net Income of Dhs4.3bn for First Nine Months of 2021

Integrated utilities company, Abu Dhabi National Energy Company (TAQA), reported that its earnings before interest, taxes, depreciation, and amortisation rose 20%, reaching Dhs14.4bn for the first 9 months of 2021. The earnings reflected improved income from associates, partially offset by higher expenses..... Read more »

Posted on : 11/26/2021

UAE, Russia Ink Agreement to Partner on Hydrogen Development Amid Net Zero Pledges

The UAE and Russia, members of the OPEC+ alliance, have signed an agreement to collaborate on hydrogen development, particularly in the production, storage and transportation of the fuel, as the two energy producers aim to fulfill clean energy strategies under their net zero carbon emissions pledges..... Read more »

Posted on : 11/19/2021