ADNOC accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs

 Abu Dhabi National Oil Company (ADNOC) is accelerating operationalisation of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG) and chemicals. Musabbeh […]

Emirates launches third daily A380 service to Gatwick

Emirates has ramped up its operations to Gatwick Airport with the addition of a third daily A380 flight, continuing to scale up its UK operations to meet sustained demand ahead of the holiday rush. The additional frequency will offer enhanced capacity with more than 1,000 seats to/from Gatwick to Dubai, every day. Emirates flight EK11 […]

Union Properties launches $436mln new project in Dubai Motor City

Financially troubled Dubai developer Union Properties, which completed a debt restructuring earlier this year, has launched a new project valued at around 1.6 billion dirhams ($436 million), its first new launch since 2015. The mixed-use development called Takaya will be located in Dubai Motor City, it said in a statement on Tuesday. Construction is expected […]

Dubai’s Emirates deploys A380 to New Zealand for first time since 2020

Dubai’s long-haul operator Emirates Airline has deployed for the first time since 2020 its superjumbo aircraft to New Zealand due to increasing travel demand. The A380 flight, which has just made a touchdown at Auckland Airport, has made Emirates reclaimed the title for operating one of the world’s longest non-stop scheduled commercial flights, with an […]

AMEA Power signs $1.1bln green energy projects in Egypt

Dubai-based AMEA Power, a leading renewable energy company in the Middle East, has achieved the financial close to deliver 500MW wind and 500MW solar projects representing $1.1 billion of investment in Egypt. The deal takes the company’s clean energy portfolio to 2GW in the country. AMEA Power will develop, own and operate the 500MW solar […]

Abu Dhabi Space Debate is UAE’s opportunity to develop new partnerships

The Abu Dhabi Space Debate (ADSD), organised by the UAE space agency is expected to present opportunities to develop new partnerships in the space sector. The event, which will kick off today at the ADNOC Business Centre, will highlight the new geopolitics of space and ways to strengthen international law for the use of space. […]

Dubai’s Majid Al Futtaim closes $1.25bln loan to back ESG ambitions

Shopping malls operator Majid Al Futtaim (MAF) has secured a $1.25 billion sustainability-linked loan (SLL) to support its environmental, social and governance (ESG) ambitions. The second SLL in many years has already been successfully closed with First Abu Dhabi Bank (FAB) leading the transaction as coordinator and agent, the company said in a statement on […]

9 in 10 consumers in MENA bought products online this year: Survey

Ecommerce in the Middle East and North Africa (Mena) is growing at an unprecedented pace, with a recent report showing that 91% of consumers in the region bought products online in the past year. The report, released by global payments solution provider Checkout.com, shows that one in five consumers across Mena purchased retail products online more […]

Stats Group wins big Abu Dhabi subsea pipeline project work

UK-based Pipeline technology specialist Stats Group said it has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project, on behalf of a national operating company. Stats said the project win is the […]

UAE Central Bank issues new banknote for National Day

The Central Bank of the UAE (CBUAE) has launched a new banknote of Dh1,000 denomination to mark the 51st UAE National Day. The note is made of polymer and uses new designs and advanced security features. The front depicts former president and founder of the UAE, Sheikh Zayed bin Sultan Al Nahyan. The image is […]