Company’s dividend policy sets a dividend of minimum AED 2.57 billion (20.57 fils per share) for full-year 2022
Final day for purchasing shares to fulfil eligibility for interim dividend payment is 5 October 2022
The policy reflects the company’s strong financial position and cash gen-eration ability
Abu Dhabi, UAE – 28 September 2022: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, announced today the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED 1.285 billion (10.285 fils per share), equivalent to USD 350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED 2.57 billion (20.57 fils per share), in line with the Company’s ......read more
Ministry of Industry and Advanced Technology calls on standardization bodies to build on outcomes and takeaways of the ISO Annual Meeting 2022
Egypt, Brazil, Costa Rica and Italy join ISO Council, Dr. Sung Hwan Cho announced as President-elect
More than 5,300 delegates took part in over 30 thematic sessions and workshops exploring how standards can support trade, economic growth, and climate action
Abu Dhabi, UAE: 24 September 2022 – The International Organization for Standardization (ISO) Annual Meeting 2022, hosted by the Ministry of Industry and Advanced Technology (MoIAT), concluded in Abu Dhabi. More than 5,300 delegates participated, physically and virtually, in thematic sessions exploring how international standards can be improved and leveraged to support climate action, trade growth and sustainable economic ......read more
Unit 3 start-up reflects safe and steady progress at Barakah, with Units 1 and 2 already commercially operational
Unit 3 will be connected to the UAE grid in the coming weeks, as part of the pathway to commercial operations.
ENEC adds third unit to the grid, highlighting mega-project management expertise
UAE’s nuclear energy sector accelerating decarbonization of the UAE grid, spearheading delivery of Net Zero by 2050 target
Abu Dhabi, UAE – 22 September 2022: The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 3 of the Barakah Nuclear Energy Plant, located in the Al Dhafra Region of the Emirate of Abu Dhabi in the UAE.
The milestone shows the significant ......read more
Abu Dhabi, UAE – 20 September 2022: The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with CSFN (French Nuclear Cluster) at the fifth edition of E-Fusion. The event brings together the UAE and French nuclear sectors to further develop and strengthen their collaboration to support the development of the global nuclear supply chain. E-Fusion is organized by ENEC in partnership with Business France, the national agency supporting the international development of the French economy and CSFN.
ENEC and CSFN’s new MoU will focus on future enhancement of a local supply chain for the UAE Peaceful Nuclear Energy Program and the Barakah Nuclear Energy Plant, increase local manufacturing and supply of components and equipment and enable greater sharing of knowledge, skills and ......read more
Dubai, UAE – 13 September, 2022: Goodyear, one of the world’s leading tire manufacturers, is undertaking key renewable energy transformation steps in its manufacturing plants. Goodyear has installed a solar wall on its plant in Adapazarı for taking an important step towards its sustainability efforts. The project will help reduce the environmental footprint of the plant in addition to adding flexibility and power to energy management.
The solar wall covers an area of 50 m2 and has been connected to one of the existing HVAC (Heating, Ventilation, and Air Conditioning) systems to preheat the air. In this system, when the collector's surface is heated by solar rays, the hot air is pulled inside through thousands of tiny holes on the surface and directed to the existing air inlet. This helps to reduce the ......read more
Excellent Performance in Reliability, Compatibility and Lower LCOE
Dubai, United Arab Emirates – 30th August 2022: The world’s leading independent advisory, testing, inspection and certification organization, UL (Underwriters Laboratories), published a bankability study report on Trina Solar’s Vertex series modules. Twelve models of Vertex modules were shown to have excellent performance in reliability, compatibility and lowering LCOE and a high-standard quality management system.
In all dimensions of the bankability study, UL reviewed Trina Solar’s products based on test results, reports and certifications from accredited third-party test laboratories. The analysis, based on strict examination of product value and a comprehensive understanding of the entire industry and global technology ......read more
The African Energy Chamber met with Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, to discuss Russia-Africa energy collaboration and making energy poverty history in Africa by 2030.
In pursuit of making energy poverty history in Africa by 2030, the African Energy Chamber (AEC) met with Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, to discuss the role Russia-Africa energy collaboration will play in accelerating large-scale energy developments in Africa – driving an Africa-adapted energy transition while alleviating energy poverty on the back of improved access and sustainable economic growth.
In the spirit of H.E. Mohammed Sansui Barkindo, the late Secretary General of the Organization of Petroleum Exporting Countries (OPEC), discussions during the meeting centered around ......read more
By Eric Beranger-Fenouillet, Partner, Bain & Company Middle East and Emily Emmett, Partner, Bain & Company Houston
Navigating the energy transition will be a generational challenge, requiring top-tier talent to solve incredibly complex problems. Meeting this challenge will require retaining and reskilling today’s workers, while integrating new people with varied backgrounds and capabilities. Leaders will need to invest in creating inclusive organizations where everyone feels like a valued contributor with a shared purpose.
Generations of talented individuals in the Middle East have pursued careers in energy because it offered opportunities for learning, teamwork, and impact in the service of powering our communities. This will be as true in the future as it was in the past. Looking backward, the ......read more
LG ThinQ Eco-Friendly Living offers Suggestions That Improve Day-To-Day Life
Dubai, August 12, 2022 – LG Electronics(LG) strives to make consumers’ homes a perfect environment for every occasion and season. Design your home with the most innovative technology that makes you take control of your home and discover a smarter way of living. The LG ThinQ app helps manage all your devices in one place, whether you’re at home, on the go, or on your summer vacation.
Sit Back and Relax
Spend less time washing and more time enjoying LG’s innovative washers & dryers. An all-in-one experience that helps save time and effort by automatically determining the best cycle after measuring your fabric’s weight and softness thanks to its AI DD technology that responsibly manages the impact on the environment. ......read more
HVDC Light® transmission system will transfer vast amounts of renewable energy for up to 5 million households and help Germany achieve its 2045 carbon neutrality goal
Dubai; August 09, 2022 - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won a major order from TenneT and TransnetBW, two of Germany’s four transmission system operators, to supply a transmission solution for the SuedLink DC4 high-voltage direct current (HVDC) interconnection between the north and south of the country.
SuedLink DC4 is one of the most important power grid and energy transition projects in Germany. It will play a crucial role in Germany’s energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by ......read more
HVDC Light® transmission systems will connect the Hornsea 3 wind farm, providing renewable power for more than three million homes
Dubai - July 25, 2022: Hitachi Energy, the global technology and market leader in power grids, today announced it has won a major order from Ørsted, the world-leading renewable energy company, to provide two high-voltage direct current (HVDC) systems to transmit green electricity from the Hornsea 3 wind farm, located more than 120 km off the UK east coast.
The wind farm will have the capacity to generate up to 2.85 gigawatts of renewable electricity, enough to power more than three million UK homes. With more than 200 wind turbines installed across almost 700 square kilometers*1, this will be the single largest offshore wind farm in the world. This project is a significant step towards the ......read more
210 PERC Cell Efficiency Achieves 24.5%
Dubai, United Arab Emirates – July 20, 2022: Trina Solar, the leading global provider for photovoltaic (PV) modules and smart energy solutions, had set a new world record for 210 P-type monocrystalline silicon PERC cells in mass production. The company’s State Key Laboratory of PV Science and Technology (SKL PVST) announced that its proprietary industrial larger-area 210mm×210mm high-efficiency PERC solar cell, has achieved the efficiency of 24.5%, independently confirmed by the third party National Institute of Metrology, China.
Trina Solar takes the lead in developing technologies including multi-layer anti-reflection film ultra-fine metallized finger, and super MBB to realize the efficiency of over 24.5% for larger-area 210mm high-efficiency PERC cells in mass ......read more
The energy and natural resources industry has weathered a year of remarkable upheaval. However, executives continue to push forward on the energy and resource transition, potentially moving faster than the outside world is seeing and outpacing policy.
Dubai, United Arab Emirates, 19 July 2022— Bain & Company launches its second annual Global Energy and Natural Resources report. The consultancy surveyed more than 1,000 global energy and natural resources executives to understand how the energy and resources transition is playing out in real time, which technologies and opportunities they are prioritizing, and the pain points involved in squaring the traditional demands of their business with new demands to operate more sustainably.
“It’s been a year like no other for energy and resource executives as ......read more
Awards include wins from TrustRadius, The Stevie Awards, and The Govies
Dubai, United Arab Emirates – July 19, 2022 – SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announced it has received recognition from customers, IT professionals, and industry leaders for its suite of IT operations management products and corporate achievements in the first half of 2022.
“We’re honored and delighted to be recognized by customers and the wider IT community for our strong industry knowledge and breadth of technology products spanning from security and database to IT-managed services,” said SolarWinds Chief Product Officer Rohini Kasturi. “The awards are a testament to our efforts over the last six months and our unwavering ......read more
Dubai, United Arab Emirates – July 06: Trina Solar has been recognized as an “Overall High Achiever” in the PV Module Index Report 2022 published by the independent Renewable Energy Test Center in California. Trina Solar’s ultra-high power 670W series modules offer excellent reliability, superb performance and superior quality, and have passed a number of RETC tests that are significantly more rigorous than the IEC standard. It is the third year in a row that Trina Solar has received this award.
As a leading independent test laboratory for photovoltaic and renewable energy products, RETC publishes the annual PVMI report with a focus on technology and quality indicators, including three essential module attributes, namely reliability, performance and quality. The report provides a strong reference for financiers ......read more
Hassantuk’s State-of-the-Art Smart System Increases Efficiency of Emergency Service Response to Fire and Life Safety Alarms
Abu Dhabi, UAE – July 6, 2022: The UAE Civil Defense announced today the installation of the "Hassantuk" system, a smart early warning system integrated into a UAE Civil Defense network, in all ADNOC Distribution buildings, the UAE’s largest fuel and convenience retailer. The announcement comes in line with the agreement that has been signed with “Injazat Data Systems”, a pioneering UAE provider of digital transformation solutions.
“Hassantuk” system, a strategic public-private initiative between the UAE Ministry of Interior and “Injazat”. Hassantuk is designed to increase the efficiency of emergency services’ responses to all ......read more
The SolarWinds Secure by Design initiative establishes the company as a model for secure enterprise software development
Components of Next-Generation Build System to be released to open-source software initiatives
Dubai, United Arab Emirates —July 05, 2022: SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, unveils its new Next-Generation Build System, a transformational model for software development. The new software build process is a key component of the company’s Secure by Design initiative to make SolarWinds a model for enterprise software security.
The software development and build process improvements were made in an accelerated timeline over the past year in response to the highly sophisticated SUNBURST cyberattack, ......read more
Collaboration combines complementary technologies and expertise of both companies to increase customer value and help accelerate the energy transition
Dubai, June 28, 2022 – Hitachi Energy a market and technology leader in transmission, distribution and grid automation solutions, and Petrofac, a leading international service provider to the energy industry, have entered into a collaboration to provide grid integration and associated infrastructure to support the rapidly growing offshore wind market.
This collaboration builds on the complementary core technologies and expertise of both companies in offshore wind to support the decarbonization of power systems and deliver clean energy. It covers high-voltage direct current (HVDC), as well as high-voltage alternating current (HVAC) solutions.
Hitachi Energy’s HVDC ......read more
Annual Study: Hybrid IT Acceleration Has Increased Network Complexity and Lowered Tech Pros’ Network Management Confidence
● SolarWinds IT Trends Report 2022—Getting IT Right: Managing Hybrid IT Complexity examines the current state and areas of opportunity for technology professionals managing increased complexity as hybrid IT accelerates
● The continued shift to hybrid IT drives increased levels of IT management complexity, but tech pros feel a lack of confidence in how to best manage it
● Nearly half (42%) of tech pros said their organization manages hybrid IT complexity through training staff and adopting IT monitoring/management tools
Dubai, United Arab Emirates – June 23, 2022 – SolarWinds (NYSE:SWI), a leading provider of simple, ......read more
• Collaboration to accelerate the deployment of sustainable and smart energy management solutions
• Complementary portfolios in medium and high-voltage technologies to provide greater customer value
Dubai – June 14, 2022: Hitachi Energy, a market and technology leader in transmission, distribution and grid automation solutions, and Schneider Electric, the leader in the digital transformation of energy management and automation, announced today that they have entered into a collaboration to provide greater customer value and accelerate the energy transition.
The non-exclusive collaboration will support customers' sustainability efforts, including the decarbonization of the energy and industrial sectors. Hitachi Energy can leverage Schneider Electric’s medium-voltage portfolio, while ......read more
Dubai, United Arab Emirates – June 07, 2022: Trina Solar, the leading global PV and smart energy total solution provider, has been ranked ‘AAA’, the highest category, in the latest PV Module Tech Bankability report published by PV-Tech.
Based on a proprietary analytical model to establish bankability scores and ratings, the report combines both the manufacturing and financial health of companies, the latest issue covering more than 50 PV module suppliers.
Trina Solar ranked second for global module shipments in 2021, with a figure of 24.8GW, and has retained that position in the first quarter of 2022, shipping 8GW. Industry reports indicate that global shipments of 210 modules rose sharply in 2021 to reach 26GW, Trina contributing 16GW, with cumulative 210 shipments exceeding 35GW as of the end ......read more
Dubai, United Arab Emirates – May 25, 2022: Based on the financial statements of leading module manufacturers, several authoritative organizations have ranked the global PV and smart energy total solutions provider Trina Solar second worldwide in its shipments of 8GW modules. This is consistent with findings by PV InfoLink, an authoritative PV analysis agency, and PV-Tech, a world-renowned PV media outlet, which ranked global module shipments last year and had Trina Solar in second spot. The company says that this year it expects to hold its ranking by shipping modules totaling 43GW.
Industry analysts say the high-reliability, high power, low-LCOE 210 modules that Trina Solar pioneered and that have become the mainstream of the industry have helped it in its great success. G12-210 Vertex technology has been widely accepted by ......read more
The MENA District Cooling Projects Conference that will take place in Dubai from June 14-15, will be attended by 250 industry experts
1. Global district cooling market size is expected to cross US$150 billion by 2025;
2. The Middle East district cooling market value is estimated to exceed US$15 billion by 2027;
Middle East and North Africa (MENA) region is driving the growth of the US$150 billion global district cooling market – which will be the focus of the two-day MENA District Cooling Projects Conference taking place from June 14-15, 2022, in Dubai, UAE.
Organised by Great Minds Events Management (GM Events), more than 250 delegates including senior government officials, project owners, developers, utility suppliers, industry experts and key stakeholders will participate at ......read more
United Arab Emirates – 7 May 2022: In an evident and dramatic policy shift around the world recently, several countries are now actively pursuing decarbonisation strategies, raising the profile of zero-carbon fuels. As the utilities sector goes through the energy transition, the increasing use of zero-carbon fuels such as green hydrogen is likely to be a significant factor in the quest to decarbonise.
The drive to tackle global warming through decarbonisation has picked up momentum in recent months, with net-zero targets announced by the UAE, Saudi Arabia, and Bahrain (2050), as well as China (2060), Japan, South Korea, and Canada (all 2050), and the Biden administration recommitting the U.S. to the Paris Agreement.
Global demand for hydrogen currently stands at around 8–10 exajoules (EJ), most of which is ......read more
• Deutsche Post DHL joins ABB’s Energy Efficiency Movement to support commitment of reducing greenhouse gas emissions to under 30 million tonnes
• Companies also sign Memorandum of Understanding to support each others goals to cut carbon emissions
Dubai: April 27, 2022: Deutsche Post DHL Group (DPDHL), a leading global brand in the logistics industry, has joined ABB’s Energy Efficiency Movement to reinforce its commitment in reducing its carbon footprint. This is an important step in DPDHL’s initiative to lead the logistics industry towards a greener and more sustainable future, with a commitment to invest €7 billion by 2030 to reduce its greenhouse gas emissions.
Launched in March 2021 by ABB, the #energyefficiencymovement is a multi-stakeholder initiative to raise ......read more
ENEC to highlight positive impact of clean baseload electricity at the World Utilities Congress’ Nuclear Energy Forum
Abu Dhabi, United Arab Emirates – 21 April 2022: The Emirates Nuclear Energy Corporation (ENEC) has signed a strategic agreement with the World Utilities Congress. ENEC will play a central role in supporting the Nuclear Energy Leadership Forum, a key part of the overall Congress, which will address the future of low carbon power and water supplies. Taking place on 09 and 10 May, the Forum will focus on the role of nuclear energy in tackling the parallel challenges of energy security and sustainability, the deployment of safe and reliable nuclear energy for clean electricity generation, technological advancements in nuclear energy, the latest updates in research and development of nuclear ......read more
Equaling 446 times the Burj Khalifa in length
Dubai, UAE - 11, April 2022: Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, revealed that the total length of its district cooling pipeline network across Dubai has exceeded more than 369 kms by the end of 2021, with a remarkable growth of more than 33.2% during the period between 2018-2021. The new total length of the district cooling network in Dubai is 446 times the length of Burj Khalifa, the world's tallest building.
The network expansion in 2021 is attributed to the new projects added to Empower's portfolio, most notably the Marsa Al Arab, and the expansions of Dubai Healthcare City, Dubai Land Residential Complex (DLRC), Business Bay and the expansion of DIFC to provide company’s ......read more
The company’s recently launched transformers for floating applications are the first entry into the OceaniQ™ portfolio of solutions that address the unique challenges of the offshore environment
Dubai, UAE - 6th April 2022: Hitachi Energy launched its OceaniQ™ portfolio1 for the offshore energy environment, which will be showcased this week at the annual WindEurope event in Bilbao, Spain. The global technology and market leader in power grids, which has a proven track record2 in pioneering solutions for offshore, has created OceaniQ to help accelerate the clean energy transition. OceaniQ will result in greater volumes of wind power being efficiently harvested and integrated into the world’s energy system.
Combining cross-industry competence from the power and marine sectors, OceaniQ addresses ......read more
By: Sascha Giese, Head Geek™ at SolarWinds
In 2021, the number of ransomware attacks doubled compared to 2019. Data is the latest industry driver and is becoming a recurring target of ransomware attacks. Protecting mission-critical data is a top priority. But what if the digital firewall fails or you get hit by a worst-case scenario attack? Then only a backup can help.
One year ago, in Strasbourg on the Rhine, a data center was hit by a worst-case attack, and the cloud provider lost the data of thousands of customers. Unlike a ransomware attack, this data can’t be recovered by paying a ransom—it’s gone unless you have a backup.
If you haven’t considered it before, on World Backup Day it’s time to think about how you’re backing up your data and keeping your ......read more
• Oil and gas companies must be included in discussions around achieving the clean energy transition, energy chiefs, experts tell Global Energy Forum at WGS2022
• ‘Energy planning must involve long-term, strategic thinking and policies” Majid Jafar, CEO of Crescent Petroleum
Dubai - 29, March 2022: The global energy transition and future security of the sector cannot be achieved by ad hoc energy policies that focus on single energy sources, Claudio Descalzi,CEO of the Italian energy group Eni stated today.
“It is a big mistake to say we just need renewables,” Claudio Descalzi, said today at the Global Energy Forum organised by the World Government Summit (WGS2022) in Expo 2020 Dubai.
He added: “We know about all the different energy vectors that ......read more
H2 2021 Dividend of AED 1.285 billion (10.285 fils per share), bringing 2021 total dividend to AED 2.57 billion (20.57 fils per share)
Company reaffirms its commitment to maintaining its growth momentum, with plan to deliver 60-80 new stations in 2022, including 20-30 in the UAE and 40-50 in international markets
Positive growth outlook and earnings momentum in both fuel and non-fuel businesses to accelerate in 2022 and beyond
Company remains on track to deliver minimum of $1bn EBITDA by 2023
Attractive dividend policy set to continue with a minimum of AED 2.57 billion dividend for 2022 and yearly dividend equal to at least 75% of distributable profits from 2023 onwards
March 25, 2021: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, delivered a confident, ......read more
Dubai, UAE, 23 March 2022: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it has awarded a contract worth AED 193 million to build a new generation district cooling plant, with the aim of providing the Dubai Land Residence Complex (DLRC) region with company’s environmentally-friendly district cooling services in line with international standards. The construction of the building have already begun on the site, and the production capacity of the first phase of the plant will reach 23,500 refrigeration tons (RT) upon completion, which is scheduled to be operational by the first quarter of 2023.
The company also announced that the total production capacity of the new plant will reach 47,000 RT upon completion of all construction phases of the ......read more
March 21, 2022 - Dubai, United Arab Emirates: Join Foxyskin as it swaps lights for candles in vision of a brighter, more sustainable future in partnership with O’right, the carbon neutral and sustainable Taiwanese haircare brand stocked at Foxyskin. Earth Hour isn’t just an hour for the Earth, it is a movement in progression of the betterment of the future, our planet, and its people.
With this year’s theme being Nature & Biodiversity, Foxysskin, the largest platform for natural, premium skincare products, has joined hands with O’right and the Taiwan Youth Climate Coalition inviting everyone in the UAE to join in and help spread the message on the importance of protecting the environment, driving awareness towards climate change and how rapidly it is disrupting the ecosystem.
Foxyskin is also ......read more
Abu Dhabi, March 17, 2022: Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Board of Directors of the Environment Agency-Abu Dhabi (EAD), Abu Dhabi will host the 12th World Environment Education Congress (WEEC) for the first time in the region. The congress has been planned in collaboration and coordination with the Abu Dhabi Convention and Exhibition Bureau of the Department of Culture and Tourism - Abu Dhabi.
WEEC, which is one of the most important events and conferences in the field of environmental education in the world, will take place from January 29 until February 2, 2024, under the theme ‘Connecting People, Creating Tomorrow.’ The hosting of the congress by EAD was officially announced during the 11th edition of WEEC in ......read more
Grid-eMotion™ Fleet smart charging solution to help the City of Berlin reach its goal of a zero-emission bus fleet by 2030
Dubai, UAE - 16 March 2022: Hitachi Energy has won an order from Berliner Verkehrsbe-triebe (BVG), Germany’s biggest municipal public transportation company, to supply its Grid-eMotionTM Fleet smart charging infrastructure to help BVG transition to sustainable mobility in Berlin, the country’s capital.
Hitachi Energy will provide a complete Grid-eMotion Fleet grid-to-plug charging infrastructure solution for the next two bus depots to be converted in the bus electrification program. Hitachi Energy’s solution offers the smallest footprint for both the connection, as well as low noise emissions and high reliability – three key requirements for bus depots in a densely ......read more
3.15 billion dirhams total dividends to shareholders since 2004
The Company generated 2.464 billion dirhams revenues, with a growth of 9.3% and 936 million dirhams net profit, with a growth of 4% in 2021.
Bin Shafar: We are committed to offering value addition to Dubai's economy, our shareholders and customers
Dubai - United Arab Emirates, March 9, 2022: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced a dividend of AED 500 million to its shareholders for the fiscal year ending on December 31, 2021. The dividend payout represents 53.4% of the 936 million dirhams, the total net profit achieved by Empower for the last fiscal year that increased by 4% compared to 2020. The company has also reported an impressive total revenue of AED 2.464 billion ......read more
National non-oil exports set a new record of AED 354 billion, with a growth of 33% from 2020 and more than 47% from 2019
Abu Dhabi - 28 February 2022: The total value of the UAE’s non-oil foreign trade in 2021 amounted to nearly AED 1.9 trillion, reflecting a 27% growth compared to that of 2020, and by 11% compared to that of 2019, as the growth was consistent across all areas of trade including exports, imports and re-exports. The individual non-oil foreign trade figures of all emirates of the country also witnessed growth in varying degrees, which reflects the comprehensive growth achieved by the UAE’s global trade.
The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history, achieving a growth of 33.3% compared to that ......read more
Her Excellency Mariam bint Mohammed Almheiri presents UAE’s vision for inclusive COP28 at Munich Security Conference
Dubai, UAE - 21 February, 2022: Her Excellency Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, wrapped up a four-day visit to Germany, where she discussed opportunities for cooperation between the two countries with high-level government and parliamentary officials and key players from the private sector. Her Excellency Hafsa Al Ulama, UAE Ambassador to Germany, accompanied the Minister on the trip.
The visit was part of the UAE’s efforts to build synergies with other countries in driving sustainable development and enhancing food security. Focus areas included climate action, clean energy, especially clean hydrogen, smart AgTech, and food trade. ......read more
Integration of 5G in TRO600 series routers enables a fast, secure, and reliable hybrid wireless network for superior operational efficiency.
Dubai - 16 February 2022: Hitachi Energy has today announced the launch of its new TRO600 series wireless routers with 5G capability, which are purpose-built to help industrial and utility customers achieve high reliability and resiliency in mission-critical operations.
With the integration of 5G1 technology, Hitachi Energy’s TRO600 series routers enable a scalable, flexible and secure, hybrid wireless communication architecture. A hybrid network seamlessly combines the best of public and private cellular with broadband mesh, all managed through a single network management system. This approach unifies communications to all devices, ensuring fast, secure, and reliable ......read more
Net profit of AED 936 million achieved for the year 2021
• 1,413 buildings are catered by Empower with it’s district cooling services.
• District cooling transmission and distribution network reached 369 km in 2021, with a growth of 5.5%.
• Empower consolidates its position for the next two decades with 3 major acquisitions worth 2.040 billion dirhams in 3 months.
• 64% of Empower's portfolio is concentrated in the growing residential sector.
Dubai, UAE – 16 February 2022: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced a record total revenue of AED 2.464 billion for the fiscal year 2021, with a remarkable growth of 9.3% compared to 2020. The company also announced a net profit of AED ......read more
- The participation represents a key part of the company’s strategies to reinforce its presence in Egypt.
- Dragon Oil aspires to reach production rates of 65,000-70,000 barrels per day this year.
Dubai, February 12, 2022: Dragon Oil, an upstream exploration and production platform fully-owned by Dubai’s Government, will participate in the 5th edition of the Egypt Petroleum Show (EGYPS-2022) held under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt, during February 14-16, 2022 at the Egypt International Exhibition Center with the support of the Ministry of Petroleum and Mineral Resources-Egypt.
Ali Rashid Al Jarwan, CEO of Dragon Oil, may participate with a working paper within the activities of the conference and exhibition, ......read more
• Fuel volumes see continued recovery throughout 2021, following an economic upturn alongside easing of travel restrictions
• UAE network reaches 462 service station and 346 c-stores, reaffirming Company’s position as the UAE’s largest fuel and convenience retailer
• Continued progress on international expansion with 40 service stations now operational in Saudi Arabia since its entry to the market in 2018
• The Board recommends dividend of AED 1.285 billion (10.285 fils per share) for the second half of 2021, taking full-year 2021 dividend to AED 2.57 billion (20.57 fils per share)
Abu Dhabi, UAE – 11 February 2022: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi ......read more
Dubai, UAE, 11 February 2022: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, takes part as a gold sponsor in the 24th edition of the Arab Nations Basketball Championship, a regional basketball championship for men of Arab world. The championship was kicked off this week in Dubai and will run until February 16, 2022, under the patronage of His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council. The UAE, as the host country, will participate in the championship along with Lebanon, Jordan, Tunisia, Algeria, Libya and Somalia, to compete for the Cup.
The tournament was launched bearing the name of an outstanding leadership figure beloved to the people of the Emirates, late Sheikh Hamdan bin Rashid Al ......read more
40MW of N-type Vertex modules to be supplied to cater Middle East market energy demands
Dubai, UAE: 9th February 2022 - Trina Solar has signed its first N-type Vertex deal in Middle East with Al-Raebi for Trading Co. during World Future Energy Summit 2022 held in Abu Dhabi in middle January. This first of its kind deal in the Middle East region, aims to supply the Middle East market with 40MW using Trina Solar latest N-type Vertex module to cater to the country’s increasing energy needs. The N-type Vertex module uses PACO technology to increase the power and efficiency up to 690W+.
Al-Rabei, Trina Solar’s authorized distributor in Middle East, will ensure that the country benefits from the latest technology and quality service by supplying Trina Solar’s latest N-type Vertex PV modules that are based on 210mm ......read more
Dubai, UAE, 31 January 2022: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has closed a deal with the ‘Select Group’ to supply 10,915 refrigeration tons (RT) of district cooling energy to 'The Peninsula', the largest mixed-use real estate development in Business Bay.
Empower will start providing its environmentally-friendly district cooling services in phases by later this year, in line with the completion stages of the mega project being developed by Select Group. Inspired by its name from the shape of the plot of land, which is the only peninsula with the largest view in Business Bay, the project extends over an area of more than one million square feet, with an estimated built-up area of 5.5 million square feet. The project is set to become an ......read more
Dubai - 30 January, 2022: Expo 2020 Dubai returns to the world stage more relevant than ever with its theme “Connecting Minds, Creating the Future”. The emirate in Dubai is providing a platform that encourages creativity and innovation in a sustainable environment where exhibitors, buyers, and visitors from 192 countries can collaborate under three main sub-themes – “Opportunity”, “Mobility” and “Sustainability”.
The Ministry of Science, Technology and Innovation Malaysia (MOSTI) leads Malaysia’s participation in Expo 2020 with the Malaysian Green Technology and Climate Change Corporation (MGTC) bringing together 24 ministries, five state governments and 47 agencies to promote over 10 industries with the participation of over 300 companies all housed inside the Malaysia ......read more
The global technology and market leader in power grids has achieved the first-step target in its Sustainability 2030 plan and steps up the pace towards carbon-neutral
Dubai - January 27, 2022 – Hitachi Energy today announced that it has achieved the first-step target set out in its Sustainability 2030 plan – the use of 100% fossil-free electricity in its own operations1. The company is driving towards being carbon-neutral in its own operations by 20302, in line with its Purpose, ‘Advancing a sustainable energy future for all’.
“By achieving 100% fossil-free electricity in our own operations, we have reduced our CO2 equivalent emissions by over 50% compared to 2019,” says Claudio Facchin, CEO of Hitachi Energy. He continued, “The Net Zero challenge is global and it’s about acting ......read more
ADES signs framework agreements with the Abu Dhabi Department of Culture and Tourism, SEHA, UAE University and Emirates Schools Establishment
More than 30 buildings across the Abu Dhabi Emirate to be retrofitted to decrease consumption and reduce CO2 emissions
Abu Dhabi, UAE – January 19, 2022: Abu Dhabi Energy Services (ADES), the energy services market maker of the Emirate of Abu Dhabi, announced today it has signed agreements with leading government entities, including the Abu Dhabi Department of Culture and Tourism (DCT), Abu Dhabi Health Services Company (SEHA), United Arab Emirates University (UAEU) and Emirates Schools Establishment (ESE) to identify power and water savings opportunities in their facilities and buildings across the Emirate of Abu Dhabi.
The agreements were signed today at the World ......read more
Dubai, United Arab Emirates - January 17th, 2022 - TrinaTracker, a leading tracker manufacturer and business unit of Trina Solar Co., Ltd. (SHA:688599), launches Vanguard 1P single-row tracker at the World Future Energy Summit in Abu Dhabi.
Vanguard 1P series, fully compatible with ultra-high power modules ranging from 400W to 670W+, further enriches the tracker's application scenarios and upgrades TrinaTracker solutions.
Natalia Cottrino, Senior Key Account Manager at TrinaTracker, presented the new product during a launch ceremony at WFES and was broadcasted on stream.
Vanguard 1P adopts the 1P single-row design and includes technology advantages that guarantee higher reliability, more significant power generation, optimised balance of system (BOS) cost and enhanced adaptability. In addition, the product ......read more
Dubai, January 5, 2022— Houlihan Lokey (NYSE:HLI), the global investment bank, announced today the expansion of its global Oil & Gas team into the Middle East with the appointment of Rouzbeh Fazlinejad as a Managing Director, based in Dubai. This appointment also marks the launch of the firm’s first industry group in the Middle East.
Mr. Fazlinejad joins the firm having held senior positions at both Berenberg and TD Securities. Most recently, he spent three years as Head of M&A at Berenberg, where he led the establishment of its international M&A franchise and also headed the firm’s relationships in the global energy and infrastructure industry. Prior to this, he spent 12 years at TD Securities, ultimately becoming Head of European Energy, advising clients on both M&A and capital ......read more
Global technology leader’s easy-to-use tools for industrial electronic installation, maintenance and troubleshooting, precision measurement and quality control help deliver a productive workforce.
February 25, 2022 - Fluke, the global technology leader in the manufacture of compact, professional electronic test and measurement tools and software, is poised to showcase its new tools for, ......read more
Baker Hughes and EGPC will reduce emissions across upstream and downstream sites using Baker Hughes’ emissions management portfolio of technologies and solutions
The Memorandum of Understanding will help manage and recover emissions across Egypt’s oil and gas sector
Collaboration will be showcased at COP27 to demonstrate decarbonization initiatives from energy ......read more