UAE: World needs maximum energy with minimum emissions, says minister
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Maximum energy with minimum emissions can ensure global energy security, an Emirati minister said during the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) 2022. Dr Sultan […]
Sunset Hospitality gets $35mln funding from Goldman Sachs
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Sunset Hospitality Group (SHG), a diversified hospitality group in Dubai, renowned for developing and operating highly popular lifestyle brands, has secured $35 million funding from Goldman Sachs Asset Management. […]
Kuwait-backed Wafra raises $1.5bln for stakes in fund managers
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Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority […]
Dubai’s DEWA adds 600MW of clean energy production capacity
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Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the entity had added 300 megawatts of photovoltaic solar energy in 2022 […]
ADNOC announces new Upstream Methane Intensity Target of 0.15% by 2025
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Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15% by 2025. The new target is the […]
Dubai: Metro services restored, no longer affected due to ‘technical issue’
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The Dubai Metro line has resumed services back to normal after it had been affected by ‘technical issues’. Dubai’s Roads and Transport Authority (RTA) said that the service “between Jebel […]
UAE seeks closer green partnership with China
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As the United Arab Emirates’ energy transition gathers pace before it hosts the United Nations climate conference next year, it is looking to climate partners such as China to help […]
Dubai’s Empower set to raise $362mln in IPO
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Dubai government–backed district cooling company Empower, which is planning to sell 10% stake in an IPO, has set the price range at between 1.31 and 1.33 dirhams ($0.35 and $0.36) […]