Masdar to develop 10GW renewable energy projects in Malaysia
UAE clean energy firm Masdar, also known as Abu Dhabi Future Energy Company, has partnered with the Malaysian Investment Development Authority (MIDA) to invest $8bn for up to 10 gigawatts (GW) of renewable energy projects in the Southeast Asian country. The partnership marks an important milestone in the pursuit of a sustainable and greener future for […]
UAE’s ADNOC awards multibillion gas expansion contracts
UAE’s ADNOC Group has awarded contracts worth $16.9bn to develop an offshore natural gas field that will operate with net zero carbon dioxide emissions. The two engineering, procurement and construction (EPC) contracts for the Hail and Ghasha Offshore Development project will produce 1.5 billion standard cubic feet per day (bscfd) of gas before the decade’s […]
UAE inaugurates first wind power plants ahead of COP28
The UAE has inaugurated its first wind programme, as the country is stepping up its fight against climate change ahead of the COP28 climate summit later this year. The UAE wind programme builds on the country’s efforts to develop alternative energy sources, which began with the establishment of the region’s first wind power station on […]
ADNOC Distribution to use biofuel to power its UAE vehicle fleet
ADNOC Distribution said its UAE heavy vehicle fleet will be powered by biofuel, a move that is set to reduce carbon dioxide emissions from the fleet by 15 per cent. The fleet of the UAE’s largest operator of fuel stations and convenience stores plays a crucial role in supplying fuels and liquefied petroleum gas (LPG) […]
ADNOC Distribution board approves $350m interim dividend
ADNOC Distribution’s board of directors has approved an interim dividend of $350m (Dhs1.3bn) for the first six months of 2023, equivalent to 10.3 fils per share. The interim dividend represents the first part of the expected full-year 2023 dividend payment of a minimum of $700m (Dhs2.57bn), which is equivalent to 20.57 fils per share, in […]
ADNOC Distribution launches 3 service stations in Egypt
ADNOC Distribution , the UAE’s largest fuel and convenience retailer, has inaugurated three ADNOC service stations in Egypt, strategically located in key areas across Greater Cairo to offer a full range of vehicle services to the local communities. The Company plans to open a further six ADNOC service stations nationwide by the end of 2023, […]
DEWA adopts new Microsoft generative AI tool
State-owned utility service provider, Dubai Electricity and Water Authority (DEWA) has adopted Microsoft Power Platform and its AI-powered tool Copilot. The move is part of DEWA’s efforts to utilize the latest global technologies in all areas and benefit from the capabilities of generative AI to enhance DEWA’s digital transformation. Copilot will assist software developers at […]
ENOC Group opens new service station in Ajman
ENOC Group, a leading integrated global energy player, has opened a new service station in Ajman as part of its expansion plans. In alignment with ENOC Group’s ongoing expansion strategy, the Group opened 184 service stations, 6 compact stations, and 15 Link stations in the UAE during the first half of 2023. The newest service […]
UAE chases 7% growth to double economy to over $800bn
The United Arab Emirates is looking to accelerate economic growth as it seeks to double its gross domestic product to over $800b by the end of the decade. “The focus is to grow by 7 per cent,” Abdulla bin Touq Al Marri, the country’s economy minister, said in an interview with Bloomberg Television. “We need […]
UAE, Japan sign 23 deals during PM Kishida’s visit to Abu Dhabi
The UAE and Japan have inked 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which was held today. The agreements aim to bolster economic, trade and investment ties between the two countries in the fields of energy, industry, advanced technology, artificial intelligence, space, health, transport, environmental conservation and circular economy. […]