7,756 photovoltaic (PV) solar panels installed over roofs of 554 Hatta villas Project to generate 3,612,357-kilowatt hour (KWh) of power annually Annual reduction of CO2 emissions by 2,159 tons among many benefits UAE, 13 February 2019 – With DEWA’s support and sponsorship, Etihad Energy Services Company (Etihad ESCO), the wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), announced the successful completion of the Hatta solar retrofit project, which included installation of 7,756 photovoltaic (PV) solar panels over the roofs of 554 Hatta villas. The project, which forms part of DEWA’s Shams Dubai initiative, aims to generate 3,612,357-kilowatt hour (KWh) of energy annually out of 554 newly retrofitted villas. The average peak power of the solar PV system installed (kWp) on ......read more
Dubai UAE, February 11, 2019 – Nexans, a global actor in cabling systems and services and an industry leader in umbilicals, will be attending the EGYPS 2019 exhibition and conference on February 11-13. Through several umbilical deliveries in East Mediterranean, Nexans has confirmed its role as a trusted and committed partner in the in the oil and gas industry. This has also recently been confirmed by a recent award of three new umbilical projects in the area. Nexans’ track record of long tie-backs and deep water applications have been key criterias when being awared the recent contracts. “Nexans is committed to supporting the East Mediterranean region in exploring the great potential of the energy business . Over the years, we have supplied umbilical solutions to numerous major projects in the area, ......read more
ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 07 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of its UAE Innovation Month activities. The initiatives were designed to foster and sustain a culture of innovation, future planning and adoption of smart solutions across all of ENEC’s business units and subsidiaries. UAE Innovation Month is one of the largest innovation initiatives in the world. Jointly developed by the Government and private sector entities, the initiative aims to strengthen the UAE’s global presence and increase ......read more
ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 06 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of its UAE Innovation Month activities. The initiatives were designed to foster and sustain a culture of innovation, future planning and adoption of smart solutions across all of ENEC’s business units and subsidiaries. UAE Innovation Month is one of the largest innovation initiatives in the world. Jointly developed by the Government and private sector entities, the initiative aims to strengthen the UAE’s global presence and increase ......read more
Eng. Mohamed Al Hammadi addresses UAE high ranking military students at Abu Dhabi University ENEC CEO delivers series of lectures on the role of UAE Peaceful Nuclear Energy Program in advancing the nuclear energy industry locally and internationally Abu Dhabi, UAE – 2 February 2019: Eng. Mohamed Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC), addressed high ranking UAE military students at Abu Dhabi University on the unique qualities of the UAE Peaceful Nuclear Energy Program, as a part of a wider lecture series aimed at highlighting the UAE Program’s benefits to the nation, and leading role within the international nuclear energy industry. As a part of a special course on International Nuclear Politics under the Master's Program in ......read more
Big opportunities to help increase petrochemical output in the Kingdom to USD 453.3 billion by 2030 January 23, 2019 – Under the patronage of His Royal Highness Prince Mishaal Bin Majid bin Abdulaziz Al Saud, Governor of Jeddah, the Jeddah Centre for Forums and Events is set to host the 16th edition of the Saudi Plastic and Petrochemical Exhibition, organized by Riyadh Exhibition Company. The event, taking place from 27-30 January 2019, will host industry leaders from the Kingdom, the region and around the world as they discuss the latest developments related to the plastics and petrochemical industries at local, regional and international levels. The exhibition, supported by both government and private sectors, is strategically important as it provides an ideal platform to enable local companies to establish a base ......read more
Eight women from diverse backgrounds within the energy sector win inaugural awards Dubai, UAE; January 22, 2019: ENOC Group’s inaugural ‘Women in Energy Awards’ honoured eight women in a first-of-its-kind award ceremony held to recognise women’s achievements within Dubai’s energy sector. The biennial awards which were previously announced on ‘Emirati Women’s Day’ in August of 2017 saw several strong entries from nine government entities across three major categories. A third-party judging panel followed stringent qualifying measures in selecting winners in the business, professional and social categories. Eng. Nada Jasim from RTA and Eng. Maryam Obaid Al Mheiri from Dubai Municipality were declared winners in the highly coveted ......read more
Sharjah, UAE January 20, 2019: Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March, underscoring its commitment to empowering people of determination and encouraging their inclusion in all aspects of life in line with the Year of Tolerance. Crescent Petroleum is an Official Supporter of the Games, and has committed to provide financial support as well as volunteers and specialized care workshops for parents of World Games athletes in collaboration with its non-profit sister-organisation, High Hopes Pediatric Therapy Center. Crescent Petroleum has long supported ......read more
Legislation recognising ICOs as securities among legal reforms to act as a beacon for increased foreign investment, says STA senior partner Dubai, UAE, 19 January, 2019: Space, artificial intelligence and renewable energy are priority sectors in the UAE, and it is expected they will be amongst those to be opened up to higher levels of foreign investment in 2019, according to legal experts. Legislation recognising ICOs as securities, as well as, new laws on netting, dispute resolution and giving more flexibility to public joint stock companies are among the other significant legal reforms that will happen this year, says STA Law Firm. “Among the most significant developments expected in 2019 is the issuance of the Cabinet resolution which determines the sectors and activities that are open to higher levels ......read more
H.E. Eng. Khalid bin Abdulaziz Al-Falih witnessed the significant progress being made at Barakah 16 January 2019: H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources for the Kingdom of Saudi Arabia (KSA) expressed his appreciation for the significant development of the Barakah Nuclear Energy Plant in a recent visit to the UAE. H.E. Eng. Al Falih commended the Emirati workforce who are highly skilled in the nuclear sector and committed to developing their skills and knowledge. H.E. Eng. Al-Falih was briefed on the latest developments of the Barakah Plant, located in the Al Dhafra region of Abu Dhabi Emirate. H.E. Eng. Al-Falih and his delegation were received at the Barakah Nuclear Energy Plant by H.E. Eng. Mohamed Al Hammadi, Chief ......read more
Dubai, UAE, January 16, 2019: RAK Petroleum plc, the Oslo-listed oil and gas investment company, announces that, as the result of a request by Afaq Al Roya Trading (LLC) to release the restrictions on its 9,000,000 Restricted Class A Shares, and a request by another shareholder to release the restrictions on his 180,000 Restricted Class A Shares, 9,180,000 Restricted Class A Shares have been re-designated as Class A Shares and 9,180,000 Class B Shares, representing 18,360,000 votes, have been transferred to the Company and cancelled. Following these actions having become effective today, the share capital of the Company is GBP 3,328,169.57, consisting of : 203,822,717 Class A Shares, each with a nominal value of GBP 0.01, 123,991,988 Restricted Class A Shares, each with a nominal value of GBP ......read more
ENEC sponsoring and exhibiting at WFES 2019 ENEC committed to sustainable working practices across all aspects of its business Abu Dhabi, UAE – 16 January 2019: The Emirates Nuclear Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, are participating for the seventh year in the World Future Energy Summit (WFES) 2019 as partners, sponsors and exhibitors. WFES is part of Abu Dhabi Sustainability Week, a unique and wide-ranging sustainability gathering that brings together local UAE leadership and industry experts, with world leaders and policy makers in sustainable energy generation. The event is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. A ......read more
HH Ruler of Sharjah Receives Eni Ceo Claudio Descalzi SHARJAH, Sharjah Government Media Bureau, January 14, 2019: His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received this morning (Sunday) in his office Claudio Descalzi, CEO of Eni, Italy’s largest energy company, in the presence of HH Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Petroleum Council, HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. On this occasion, HH Ruler of Sharjah signed a long-term agreement awarding Eni three long-term concessions to explore and develop onshore oil and gas fields in a 30-year partnership ......read more
Dubai, UAE, January 13, 2019: As part of the third Global Energy Forum, His Excellency Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia delivered the opening address for day three of the Forum. His Excellency Al-Falih later joined Frederick Kempe, President and CEO of the Atlantic Council, on a panel titled 'An Update On Saudi Vision 2030 and The Oil Market' . ...read more
Winners of 3rd edition of Barakah Excellence Awards announced during special ceremony Awards part of ENEC’s internal recognition program designed to promote and encourage excellence Abu Dhabi, UAE – 12 January 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, Nawah Energy Company and Barakah One Company, celebrated the third edition of its Barakah Excellence Awards with a special ceremony held at ENEC’s headquarters in Abu Dhabi. During the ceremony, this year’s award-winning employees were announced. The Barakah Excellence Awards are an internal recognition program inspired by Abu Dhabi Awards for Excellence in Government Performance (ADAEP), which was launched in 2014. The Awards form a part of ENEC’s continuous efforts to inspire excellence ......read more
ArabPlast 2019, closed on a grand note witnessing the participation of more than 900 companies from 32 countries Advanced economies currently use up to 20 times more plastic than developing economies on a per capita basis, underscoring the huge potential for global growth Dubai, United Arab Emirates, 10 January 2019: Industry experts at ArabPlast 2019 indicated that plastics will be the main driver for crude oil demand, accounting for more than 33 percent of oil demand growth globally in the period to 2030. ArabPlast 2019 - the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (MENA) region, closed on a grand note witnessing the participation of more than 900 companies from 32 countries. It has been observed that plastics – the key driver for ......read more
90% of Siemens’ contribution to UAE gross value added is in non-oil sector Company works with more than 800 SMEs in the UAE AED 425-million software grant to five UAE universities, equipping over 3,850 students with digital experience Its energy-efficient solutions reduce CO2 emissions by 4.76 million metric tons Dubai, UAE, January 07, 2019: For the second consecutive year, Siemens has prepared an annual report entitled, ‘In the UAE, for the UAE – Making real what matters,’ detailing the company’s activities and impact in the United Arab Emirates. The report, also known as ‘Business to Society’, demonstrates that during financial year 2018 and coinciding with the Year of Zayed the company’s business goals aligned with the ambitions of the UAE, its government, its ......read more
Dubai, UAE, January 06, 2019: Dubai-based multidimensional conglomerate Easa Saleh Al Gurg Group (ESAG) inked a new partnership with Petronas Lubricants International (PLI), a wholly-owned subsidiary of Malaysia’s national oil corporation, Petronas, which will see its range of automotive lubricants available in the UAE within the first quarter of 2019. With the deal, ESAG will distribute the full range of Petronas lubricant products under its Al Gurg Tyres, Batteries and Accessories portfolio. This includes the Petronas Syntium with °CoolTech™ range of motor vehicle lubricants, formulated to fight against excess heat, for optimum engine performance. "Our vision is always to partner with leading global companies with a strong reputation for integrity, innovation, quality and value. Partnering with ......read more
The group will invest Dh160 million in the Hamriyah Free Zone in order to provide industrial services for the oil sector Dubai, UAE, January 05, 2019: SRS Middle East FZE, which is a joint venture that consists of Global Petro Storage (GPS), Innova Refining Industries, and Chemie Tech LLC, has announced its decision to select Sharjah as the destination for its latest investment projects in the Middle East Region, following its recent decision to make Hamriyah Free Zone the starting point for its operations in the region. The group’s long-term Dh160 million investment in the Hamriyah Free Zone includes the construction of a terminal that provides services for industrial reprocessing of waste oils, as well as trading services that include trade, import and fuelling of ships. The terminal is expected to be fully ......read more
ENEC stand provided visitors with information about peaceful nuclear energy and included a range of educational activities Abu Dhabi, UAE – 02 January 2019: The Emirates Nuclear Energy Corporation (ENEC) participated in the Al Dhafra Festival, which took place in Madinat Zayed, in the Al Dhafra Region of Abu Dhabi, between 17 December 2018 and 1 January 2019. ENEC’s participation was the result of its ongoing efforts to support the economic and social development of the Al Dhafra Region, and the achievement of Abu Dhabi Plan. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Al Dhafra Festival is organized by the Cultural Programs and Heritage Festivals Committee to promote Emirati heritage and ......read more
Decentralized renewable energy solutions will guarantee electricity access to millions, while creating millions of jobs Training programs, particularly in the low energy access countries, are not adequacy developed The Powering Jobs campaign wants all stakeholders to recognize the challenge and step up their efforts Dubai (United Arab Emirates), 23 December 2018 – The United Nations Sustainable Development Goal 7, to “ensure access to affordable, reliable and modern energy for all”, could create millions of jobs in emerging countries. However, there is a huge skills gap in most emerging countries. To solve this problem, Schneider Electric, the leader in the digital transformation of energy management and automation, and a coalition of companies, associations and international organizations ......read more
by Ron Beck Energy Industry Marketing Director, AspenTech Dubai, UAE, December 18, 2018: Digital transformation continues to be the keynote of the coming year for operators across the oil and gas sectors. Digitalisation is nothing new to the sector, of course. Refineries have, for example, been pursuing it for more than thirty years, with technologies like advanced process control (APC) well-established as part of the operational mix of many operators. What is different today is how quickly the migration is accelerating. The trend is being led by the Asian refining industry. Organisations in India, Malaysia, Thailand, Indonesia and China are pushing digital transformation aggressively because they understand this can be a competitive and economic advantage for them against slower-moving, traditional rivals in ......read more
Cold Hydrostatic Testing successfully completed at Unit 3 Significant step towards the completion of Unit 3 of the Barakah plant Abu Dhabi, UAE – 16 December 2018: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Cold Hydrostatic Testing (CHT) at Unit 3 of the Barakah Nuclear Energy Plant in Abu Dhabi, UAE. The testing, which is a crucial step towards the completion of Unit 3 of the 4-unit Barakah plant, incorporated the lessons learned from Units 1 and 2 and represents a significant milestone in the development of the UAE Peaceful Nuclear Energy Program. Prior to the commencement of CHT, Unit 3’s Nuclear Steam Supply Systems were flushed with demineralized water, and the Reactor Pressure Vessel Head and Reactor Coolant Pump Seals were installed. During the Cold ......read more
The increase in humanitarian emergencies calls for mobile, clean, reliable and affordable energy access solutions Villaya Emergency can be deployed on site in less than 30 minutes to provide energy for impacted areas Dubai (United Arab Emirates) – 12 December 2018 – During a humanitarian crisis, electricity is often difficult to access. Schneider Electric , the leader in digital transformation of energy management and automation, is launching Villaya Emergency, a solar microgrid solution ready to use in any situation thanks to a system combining Schneider Electric technologies and the expertise of innovative start-ups. Facilitating access to clean, reliable and affordable energy during humanitarian emergencies Whether due to the geopolitical context, natural disasters or ......read more
The Group will present innovative solutions to fight climate change in Katowice Schneider Electric’s experts & leaders will actively participate at COP24 Dubai, UAE, December 10, 2018: At a time when the latest IPCC report calls for urgent action to fight climate change, Schneider Electric, the leader in digital transformation of energy management and automation, is accelerating its contribution to meeting the United Nations’ Sustainable Development Goals. To mark the occasion of COP24 in Katowice (Poland), from December 3 to 14, 2018, Schneider Electric is strengthening its commitments to become carbon neutral by 2030 using solutions that will help accelerate the transition towards a low carbon economy. Carbon neutral by 2030 “The climate emergency is growing, and new players are ......read more
Emirates Steel has sold 215 thousand tons of heavy and medium sections for use in the oil and gas industry over the past three years Abu Dhabi, UAE - 13 November 2018: Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the Abu Dhabi International Petroleum Exhibition & Conference ......read more
ADNOC Integrates 100,000 Tags for Real-Time Monitoring andOptimizing Operations for 16 OpCos, with Schneider Electric and AVEVA WEF: Global Energy Digitization to Drive USD 1.6 Trillion in Value to 2025 Chris Dartnell: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab ......read more
25% concession share awarded to Eni in first offshore ultra-sour gas concession following SPC approval of ADNOC’s new integrated gas strategy Concession includes Hail, Ghasha and Dalma fields that will be key contributors to UAE’s gas self-sufficiency and transition to a net gas exporter Eni will contribute 25% of the development cost of the multi-billion US dollar ......read more
ADNOC and Saudi Aramco to explore potential areas for mutual collaboration in the LNG value chain Agreement underlines ADNOC’s ambition to capitalize on the rising global LNG demand to secure greater access to key growth markets Abu Dhabi, UAE – November 12, 2018: The Abu Dhabi National Oil Company (ADNOC) signed, today, a framework agreement with Saudi ......read more
Abu Dhabi, 12 November 2018: Mubadala Petroleum announces that it has agreed with Eni to purchase a 20 percent participating interest from Eni’s share in the Nour North Sinai Offshore Area (”Nour”) concession, an offshore exploration block in Egypt. Eni is the operator of the concession through its subsidiary, IEOC. In the concession, which is in participation ......read more
ADNOC CEO defines central mission of the industry as ‘Oil and Gas 4.0’ – how technology and energy are converging to deliver a step-change in global development ADNOC CEO outlines strategic SPC AED 486 billion capex program and expansion of oil and gas production capacity that will maximize the value of Abu Dhabi’s resources and support growing energy ......read more
ADNOC hosts 26 of the world’s leading oil, gas and petrochemicals executives to discuss future growth trends at Abu Dhabi CEO Roundtable High-level attendance underlines Abu Dhabi’s position at the center of the conversation shaping the future of the oil and gas industry Role of artificial intelligence, predictive data and analytics and blockchain technologies in helping meet ......read more
Dubai, UAE, November 11, 2018: MATRADE continues to create greater awareness and visibility on Malaysia's capabilities and expertise in providing world class oil & gas products and services through participation in ADIPEC 2018. This year will be MATRADE’s fifth participation in this annual largest oil & gas exhibition in Middle East which will take ......read more
Historic unconventionals concession award is the first of its kind in the region Announcement follows Supreme Petroleum Council’s approval of ADNOC’s integrated gas strategy Award propels ADNOC’s target to produce 1 bcfd of unconventional gas before the end of the next decade ADNOC committed to delivering a sustainable and economic gas supply as the UAE works towards ......read more
DUBAI, United Arab Emirates – 11 November 2018 – Schneider Electric , the leader in digital transformation of energy management and automation, announced today that digitization through modern technology will be the top factor in enabling sustainable economy and social change across Dubai’s businesses and daily lives in 2019, said Hanan Darwish, Cluster President – Gulf ......read more
ADNOC Integrates 100,000 Tags for Real-Time Monitoring andOptimizing Operations for 16 OpCos, with Schneider Electric and AVEVA WEF: Global Energy Digitization to Drive USD 1.6 Trillion in Value to 2025 Georges El Mir: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab ......read more
23rd Nuclear Inter Jura Congress concludes following four days of discussions UAE home to one of the world’s leading peaceful nuclear energy programs Abu Dhabi, UAE – 7 November 2018: The UAE Peaceful Nuclear Energy Program has been recognized for its unique achievements and coordinated development during the 23rd Nuclear Inter Jura Congress. Held for the first ......read more
27 leaders from oil, gas and petrochemical industries to discuss impact and opportunity of digitalization, technology and Fourth Industrial Age Strength of attendance at roundtable demonstrates Abu Dhabi’s convening power as global hub for the world’s oil and gas industry Abu Dhabi, UAE – November 7, 2018: Twenty-seven of the world’s leading oil ......read more
ADNOC Founding Partner in Bloomberg New Economy Forum; agenda aligns with the UAE’s vision for building bridges, connecting global economies, and enabling prosperity Goals of NEF in line with the UAE’s 2071 strategy to prepare for the future and capture the opportunities that lie ahead. Demand for energy in Asia growing at more than twice global rate, requiring creative ......read more
Youth Circle takes place on sidelines of INLA’s 23rd Nuclear Inter Jura Congress Abu Dhabi, UAE – 5 November 2018: The Barakah Youth Council, comprised of employees from Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, organized a Youth Circle on the sidelines of the 23rd Nuclear Inter Jura Congress, taking place in Abu Dhabi this week. Entitled ......read more
ENEC sponsors the 23rd Nuclear Inter Jura Congress to showcase the UAE Peaceful Nuclear Energy Program Abu Dhabi, UAE – 3 November 2018: The United Arab Emirates is hosting the 23rd Nuclear Inter Jura Congress in Abu Dhabi from 4 to 8 November 2018. The Congress, which is being held in the Middle East for the first time, is organized by the International ......read more
Dubai, UAE, October 29, 2018: Research by Eaton estimates the cost of production downtime alone could reach $46,000 within 24 hours of an arc fault. Then there is the threat to life safety posed by the initial explosion, the potential for reputational damage and the the cost of replacement assemblies and parts to consider. These can be catastrophic consequences, particularly in ......read more
Dubai, UAE, October 29, 2018: His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, attends signing ceremony at the invitation of His Excellency President Dr. Ali Mohamed Shein of Zanzibar RAKGas, through its international subsidiary RAKGas Zanzibar Limited, has signed an oil and gas Production Sharing Agreement with the Revolutionary ......read more
Over 40 French companies to be represented at the key global event in Hall 9 at ADNEC from the 12th to the 15th of November 2018. United Arab Emirates- 2018 – Business France, the national agency supporting the international development of the French economy, will be hosting +40 leading companies from France at the Abu Dhabi International Petroleum Exhibition ......read more
Meet with Augier’s team of experts on stand 254 at the French Pavillion in ADNEC, Hall 9 from the 12th to the 15th of November. United Arab Emirates, October 25, 2018 – AUGIER Energy, the worldwide leader in Energy Distribution & Transmission for medium voltage solutions for long distances up to 50 kilometres, will be hosting a stand in the ......read more
Enterprise Ireland facilitates deals in Dubai at WETEX 2018, the world’s biggest sustainable exhibition Irish companies set to bring technology and innovation to the UAE and MENA region ResourceKraft & Al Sharif Group form strategic partnership to deliver energy management solutions to Dubai and Abu Dhabi Energy Services Ltd. to assist Ras Al Khaimah Municipality with ......read more
New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW) Abu Dhabi, UAE, October 24, 2018: Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more
New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW) Abu Dhabi, UAE, October 23, 2018: Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more
Dubai, UAE, October 17, 2018: The third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai has been awarded Solar Project of the Year 2018 at the Asian Power Awards in Jakarata. Ian Warrilow, President and Country Manager of Mubadala Petroleum, accepted the award on behalf of Masdar (Abu Dhabi Future Energy Company), a partner in Shua’a Energy 2, the ......read more
Committed to effective safety communication as part of a healthy nuclear safety culture, Nawah has developed the first language standards for the nuclear industry The Innovative Nuclear English Development Center in Barakah Nuclear Energy Plant supports continuous learning and development of all employees Abu Dhabi, UAE – 13 October 2018: Nawah Energy Company (Nawah), ......read more
Abu Dhabi, October 11, 2018 - Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects. The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s ......read more
Abu Dhabi, United Arab Emirates; October 11, 2018: Masdar (Abu Dhabi Future Energy Company) has launched the Women in Sustainability, Environment and Renewable Energy (WiSER) Pioneers Programme, a year-round agenda aimed at nurturing young women aged 20-30 into the next generation of sustainability leaders through proactive engagement with policy makers, industry leaders, technical experts, ......read more
Representatives of UAE-based suppliers were updated on the status of the Barakah Project and upcoming opportunities and requirements Abu Dhabi, UAE – 10 October 2018: The Emirates Nuclear Energy Corporation (ENEC), in collaboration with its subsidiary, Nawah Energy Company (Nawah), hosted a Supplier Forum today in Abu Dhabi. The forum brought together delegates ......read more
Strategic partnership will expand ADNOC Drilling’s capabilities into the integrated drilling and well construction segment and expand BHGE’s presence in the UAE BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at $11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities ADNOC Drilling ......read more
ENEC engages with students at Al Sila School as part of Schools Outreach Program Students learn about peaceful nuclear energy and its importance to the future growth and development of the UAE Abu Dhabi, UAE – 3 October 2018: The Emirates Nuclear Energy Corporation (ENEC) organized a visit to Al Sila School, located in the Al Dhafra region of Abu Dhabi Emirate. During ......read more
GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock. Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall. We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net ......read more
By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, September 23, 2018: The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports. The broad-based recovery that ......read more
The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018: The International Youth ......read more
ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd Annual Regular Session of ......read more
5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, ......read more
September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract ......read more
Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018: Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today ......read more
Dubai, UAE, September 09, 2018: SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating ......read more
Dubai, UAE, September 05, 2018: Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia. Further to an agreement announced on 24 May 2018, Gazprom Neft has now ......read more
Dubai, UAE, September 04, 2018: A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has ......read more
Abu Dhabi, UAE, September 04, 2018: The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and ......read more
2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at ......read more
“As the nation prepares to celebrate the 4th Emirati Women's Day under the theme ‘Women on the Course of Zayed’ to honor the achievements of Emirati women and their contributions to the UAE’s development and prosperity through local, regional, international and leadership positions, the outstanding progress made by women across all professional and technical sectors is ......read more
Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies Dubai, United Arab Emirates, 07 August 2018: In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report ......read more
Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018: Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and ......read more
Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This ......read more
2 August, 2018 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and ......read more
Abu Dhabi, UAE – 25 July 2018: Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates ......read more
The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City Dubai, United Arab Emirates, 18 July 2018: The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, ......read more
New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets Dubai, United Arab Emirates, 16 July 2018:- DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside ......read more
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