High Oil Prices Help Saudi Aramco Earn $88B in First Half

Saudi Energy Company Aramco said its profits jumped 90% in the 2nd quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a bonus for the kingdom and the crown prince’s spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings..... Read more »

Posted on : 9/8/2022

UAE Oil & Gas Giant Hands out Five 'Largest-Of-Its-Kind' Drilling Deals

UAE’s giant Abu Dhabi National Oil Company (ADNOC) has awarded framework agreements described as “largest-of-its-kind” totalling $1.83 billion (AED 6.72 billion) for drilling-related services to five firms..... Read more »

Posted on : 9/8/2022

A medical devices plant worth Rs 37 crore will open in Dubai.

The US-based pharmaceutical technology business Gabri Labs has revealed plans to build a 10,000 square foot facility to manufacture medical devices close to home..... Read more »

Posted on : 9/7/2022

Oman Assesses Potential for Wind Projects in Dhofar, Al Wusta

Oman is conducting feasibility studies to assess the potential for setting up wind parks in coastal areas of the Dhofar and Al Wusta governorates..... Read more »

Posted on : 9/7/2022

ALEC Energy, Stantec Sign MoU to Meet UAE's 2050 Energy Goals

The two companies will jointly work on projects to establish best practices in buildings design, systems, and services while also offering solutions to Net Zero as applicable to individual undertakings.... Read more »

Posted on : 9/7/2022

DP World inks two new development projects with agricultural commodity processors.

The Food and Beverage (F&B) cluster and capabilities within Jebel Ali in Dubai have been strengthened as a result of DP World UAE's signing of two new development projects with international agricultural commodity processors..... Read more »

Posted on : 9/5/2022

Dubai Solar Site Still Aiming For 5 GW By 2030

The Dubai Electricity and Water Authority (DEWA) has issued an update indicating that the Mohammed bin Rashid Al Maktoum Solar Park is still targeting 5 GW of generation capacity within this decade..... Read more »

Posted on : 8/29/2022

Dubai Makes Progress on Flagship Photo Voltaic Park, 4th Part At 90%

The Dubai Electrical energy and Water Authority (DEWA) right now shared an replace on the progress of the buildout of each the fourth and fifth phases of the 5,000-MW Mohammed bin Rashid Al Maktoum photo voltaic park..... Read more »

Posted on : 8/29/2022

EDB Boosts Industrial Sector Funding Five-Fold during First Half Of 2022

Emirates Development Bank (EDB), the state-owned lender focused on financing the UAE's priority sectors, boosted funding to industrial companies by 418 % during the 1st half of 2022 to drive the sector's growth..... Read more »

Posted on : 8/11/2022

UAE to Set up Industry 4.0 Enablement Centre

The UAE Ministry of Industry and Advanced Technology (MoIAT) and EDGE have signed a MoU to establish the UAE’s 1st Industry 4.0 Enablement Centre..... Read more »

Posted on : 8/11/2022