2018 marks a record financial year for APICORP
Total assets grew by 11%
Dubai, UAE, April 17, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, held its 43rd General Assembly for 2019 in Muscat, Oman. The meetings were attended by the shareholders of APICORP representing its member states, the ten Arab oil exporting countries.
The net profit for the Corporation in 2018 increased to USD 182.3 million, a 76 percent year-over-year increase and is the highest in APICORP’s history. This was driven by returns from a capital gain of USD 86.7 million on the sale of APICORP’s equity stake in National Petroleum Services (NPS) as well as remarkable growth achievements of net interest income and dividend income at 67 ......read more
As per the contract’s delivery deadline
17 April 2019: The UAE-based, Grandweld Shipyards, has recently announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019.
Furthermore, the newly constructed four boats were specially designed to meet the requirements of KOC, in accordance with Lloyd's Register’s classification rules in order to provide the highest operational efficiency and safety, and have been delivered promptly without delay.
Commenting on this development, Jamal Abki, General Manager of Grandweld Shipyards clarified, “Our long years of experience in the ......read more
Schneider Electric to serve as one of BP’s Main Electrical Contractors
Intention to drive value, innovation and safety for BP’s upstream projects
EcoStruxture architecture to improve lifecycleTotEx spend from design to commissioning to operations
Dubai, UAE, April 16, 2019: BP, a global energy producer, has selected Schneider Electric, a leader in the digital transformation of energy management and automation, as one of its main electrical contractors (MEC) in a five-year global framework agreement.
Under the terms of the agreement, Schneider Electric will provide full-scope design and engineering services, including optimization, project management and integration, procurement and supply chain management, and full support from commissioning through to operations after start-up for ......read more
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Dubai, UAE, April 15, 2019:
RAK Petroleum plc, the Oslo-listed oil and gas investment company (the “Company”), announces its intent to repurchase such number of its class A shares with ISIN GB00BRGBL804 (the "Shares") at the Repurchase Price (as defined below) up to a maximum aggregate consideration of US$ 15 million in accordance with the authorization provided at its Annual General Meeting on 1 June 2018 (the ......read more
Compact and flexible design ideal for any environment
99% online efficiency and Lithium-ion battery option reduce Total Cost of Ownership
EcoStruxure™ Ready simplifies management and servicing
Modular design for faster deployment and servicing
Dubai, UAE, April 14, 2019: Schneider Electric, the leader in digital transformation of energy management and automation, today introduced the Galaxy VS, a highly efficient, modular, easy-to-deploy, 10-100 kW, three-phase Uninterruptible Power Supply (UPS) designed to meet the critical power requirements of IT, commercial, and industrial facilities.
With its compact and flexible design, the Galaxy VS addresses the unique requirements of edge computing and small data centers where space and access are at a premium. Up to 99% efficient and with optional ......read more
Strengthening Dubai's Position as a Hub for Petrochemicals and Chemicals
Dubai, United Arab Emirates, 13 April 2019: DP World UAE Region will showcase its latest range of offerings for the petrochemicals and chemicals sector at the 11th Gulf Petrochemical and Chemical Association (GPCA) trade show that will be held from 15-17 April 2019 in Dubai.
The company will highlight new door-to-door logistics solutions that cover the full breadth of the supply chain and support customers every step of the way. These solutions are based on generating and leveraging synergies from integrating the activities of its numerous businesses –including Jebel Ali Port, Jebel Ali Free Zone, Dubai Trade, and many others – and creating one of the most efficient and robust supply chains in the GCC.
Mohammed Al Muallem, CEO and ......read more
The solar plant will produce enough energy to supply more than 45,000 Australian homes, while avoiding the emission of 175,000 tons of CO2 per year
FRV has invested USD 700m in Australia since 2012
Company investing USD 900m worldwide in 2019 alone in strategy to increase installed capacity eight-fold by 2024 in projects around the world
Dubai, UAE, 10 April 2019: Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a global leader in the development of renewable energy projects, has announced that its latest project in Australia, the Lilyvale solar plant, is now up and running.
The 100 MW ac project produced its first Kwh of energy last month and is expected to reach full capacity in the coming months following a testing phase. Located in the Queensland Central Highlands region, ......read more
Schneider Electric Exchange is the world’s first cross-industry open ecosystem that unleashes the power of collaboration in an open environment
Schneider Electric’s EcoStruxure architecture and platform gives unprecedented productivity with IIoT-ready solutions for machine builders
A new range of EcoStruxure Advisor apps and services help companies start their digitization journey
Dubai, United Arab Emirates, April 8, 2019 – Closely aligned to the “Integrated Industry – Industrial Intelligence” theme of Hannover Messe, Schneider Electric, the leader in digital transformation of energy management and automation, will showcase a range of digitally connected products, solutions, and services that help customers either begin their digitization journey, or accelerate their digital ......read more
Offering several new, customizable reference designs for flexibility and fast deployment at the Edge
Dubai, UAE, April 07, 2019: Schneider Electric, the leader in digital transformation of energy management and automation, announced today new solutions for micro data centers that couple APC by Schneider Electric physical infrastructure with Cisco’s HyperFlex Edge, hyperconverged infrastructure (HCI) solutions for quick and efficient deployment in edge environments in EMEA (Europe, the Middle East & Africa) and NAM (North America & Mexico).
Together, Schneider Electric and Cisco can now offer IT global channel partners and system integrators access to several new reference designs for HyperFlex deployments that can be used as-is or be customized to meet specific micro data center needs. ......read more
The transaction from APICORP is the third successful “Formosa” bond since its first Formosa issuance in 2016
Dubai, UAE, April 03, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, rated Aa3 by Moody’s with a positive outlook, successfully issued its third Formosa bond after accessing this market earlier in 2016 and 2017. The Aa3 rated USD 300 million 5-year Note which matures on April 01, 2024, offers investors a floating rate coupon.
The transaction attracted robust investor demand with order book close to three times oversubscribed, enabling APICORP to price its Formosa well within its secondary curve while also continuing to strengthen its investor access into Asia, innovate its funding profile and access efficient and cost-effective financing ......read more
Structural Integrity Test (SIT) and Integrated Leak Rate Test (ILRT) successfully completed for Unit 2
SIT and ILRT demonstrate Unit 2’s exemplary structural safety performance under normal and extraordinary circumstances
Abu Dhabi, UAE – 31 March 2019: The Emirates Nuclear Energy Corporation (ENEC) has recently completed the Structural Integrity Test (SIT) and Integrated Leak Rate Test (ILRT) at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the Barakah plant, located in the Al Dhafra region of Abu Dhabi Emirate.
The SIT and ILRT were performed over a period of ten days, on the Unit 2 at Barakah. ......read more
Schneider Electric is the first multi-national company to achieve unanimous commitment by its country presidents to the UN’s guidelines on gender equality and empowerment
Commitment exemplifies Schneider Electric’s practices of inclusion and furthers the company’s goals of advancing gender equality across its global footprint
Dubai, United Arab Emirates, March 26, 2019 – Schneider Electric, the leader in digital transformation of energy management and automation, announced today that it is the first multi-national company to achieved 100% commitment to the UN Women’s Empowerment Principles (WEPs) across its global leadership team. In addition to the company’s Chairman and CEO, Jean-Pascal Tricoire, each of the company’s country presidents in markets with at least ......read more
Fortifies end-to-end cyber portfolio to protect industrial installations
Advanced technology shrinks attack surface by more than 90 percent
Cuts cybersecurity deployment and ownership costs by 50 percent or more
Dubai, United Arab Emirates – March 21, 2019 – Schneider Electric, the leader in the digital transformation of energy management and automation, has entered into a global partnership with Vericlave, a leading cybersecurity technology provider. Under the terms of the agreement, Schneider Electric will provide Vericlave’s advanced encryption technology to further secure and protect its customers’ critical IT and OT systems from the risk of cyberattack.
“Digital transformation and the growth of IoT are giving rise to new threats that can have a ......read more
Dubai, UAE; March 19, 2019: As part of its commitment towards human capital development, ENOC Group will offer over 200 job opportunities across upstream, downstream and corporate divisions within the Group to UAE nationals.
These rewarding career opportunities will be showcased by the Group at the UAE Career Fair, to be held from March 19 to 21 at the Dubai World Trade Centre.
ENOC is recruiting young talented Emirati nationals in the energy sector in specialisations including chemical, mechanical and electrical engineering, sales, marketing and business development and the legal field, to support the Group’s growth strategy.
His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said: “We thrive to provide our employees with opportunities to contribute to the growth of the UAE and aim to fulfil their ......read more
• Schneider Electric executives collaborate with other sustainability leaders on how to deliver tangible actions on the most pressing global sustainability challenges
• Company demonstrated how low carbon economy can be a reality now including business and the most vulnerable population alike
Dubai, March 18, 2019 – Almost 4 years after the adoption of the Paris Agreement, President of France Emmanuel Macron organized on March 14th in Nairobi (Kenya) the first regional edition of the One Planet Summit, co-chaired with Uhuru Muigai Kenyatta, the President of the Republic of Kenya. This High-Level session gathered Heads of State and Ministers heading national delegation to UN Environment Assembly (UNEA) as well as representatives of the finance and the business sectors, local governments, ......read more
Cumulative saving of 1,160 Mega Watt electricity
Dubai, UAE, 17 March 2019: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has achieved total electricity savings of 1160 MW, worth AED 3 billion, in 2018
“As per its vision, Empower adopts an integrated strategy that contributes in raising customers awareness about conservation of energy. We thrive to reduce energy consumption and protect the environment and the natural resources, through our energy efficient district cooling services. This, in turn, supports the sustainable development and the green economy in the UAE and helps to achieve Dubai Clean Energy Strategy 2050 which aims to transform Dubai into a global hub for green economy, through providing 7% of energy from clean resources by 2020, 25% by ......read more
Marks an exciting and entertaining new addition to the emirate's events calendar
Abu Dhabi, 14 March 2019 - Abu Dhabi is set to host the inaugural Abu Dhabi Engine Week, aimed at car and adventure enthusiasts from across the UAE and wider Gulf region. From 28 March – 6 April, Engine Week will present a packed 10-day schedule of exciting activities in locations throughout the emirate.
The event is expected to attract thousands of participants to its various programmes, which include five main events: Custom Show Emirates and Abu Dhabi International Motor Show at Abu Dhabi National Exhibition Center; Club Social at Yas Beach; Abu Dhabi Desert Challenge in Yas Island and Western Region; and the WRX Championship at Yas Marina Circuit. In addition, there will be numerous concerts, citywide promotions and more ......read more
Emirates Nuclear Energy Corporation and ENUSA to collaborate and exchange of information and expertise in nuclear fuel services
MoU signing ceremony held at ENEC headquarters in Abu Dhabi
Abu Dhabi, UAE – 13 March 2019: The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding (MoU) with Enusa Industrias Avanzadas, S.A., S.M.E. (ENUSA), defining a framework for collaboration and the exchange of information and expertise in the field of nuclear fuel services.
Founded in 1972 with a focus on uranium mining, ENUSA has evolved into an advanced nuclear fuel and environmental services provider. Today, ENUSA is responsible for the design, manufacture and supply of fuel to Spanish nuclear energy plants, as well as to plants around the world, in addition to providing a wide range of ......read more
Dubai, UAE, March 13, 2019: The Industrial Sector’s Business Group, operating under the umbrella of the Sharjah Chamber of Commerce and Industry (SCCI), has discussed the SCCI strategy to enhance the industrial sector’s contribution to Sharjah economic growth, activate forward-looking plans and improve the industrial sector’s competitiveness in the business community.
Chaired by Lalu Samuel, chairman of the industrial sector’s Business Group, the meeting was attended by Abdelaziz Mohamed Shattaf, Assistant Director General for Members Services Sector at SCCI, Director of Sharjah Exports Development Center (SEDC) and Amjad Awad al Karim, Head of the Working Groups at SCCI, as well as other group members.
The meeting discussed a variety of coordination and follow-up mechanisms related to the ......read more
Ahmad Bin Shafar: “This recognition proves our commitment towards positive change that supports society and promotes sustainable development”
Dubai, UAE, 11 March 2019: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has been awarded Dubai Chamber CSR label, for the fifth year consecutively, for its outstanding contributions in promoting Corporate Social Responsibility (CSR) initiatives and environmental practices that have positive impacts in society and on the environment.
“We are happy to receive the Dubai Chamber CSR Label, as it proves our commitment towards positive change, supports society and promotes sustainable development. I appreciate Dubai Chamber’s tremendous efforts in promoting CSR approach, especially towards ......read more
Electro-magnetic charging stations for Electric Vehicles, Magnetic RAM for data storage and Efficient Smart House to reduce power consumption among leading entries
Dubai, UAE, Thursday March 9, 2019: Some of the region’s brightest young engineers have showcased a wave of intelligent, next-generation solutions designed to solve today’s greatest power challenges during the sixth Future Generation competition, a knowledge development component of this week’s Middle East Electricity at Dubai World Trade Centre (DWTC).
Held under the theme Smart Energy Solutions: Improve Energy Efficiency, the competition sees teams of Undergraduate and Postgraduate students from 10 of the region’s leading universities judged in three key criteria: ideas or solutions to combat excessive use of power, cost-effective ......read more
44th edition of region’s leading power event welcomes more than 60,000 industry professionals across three-day show
1,600 exhibitors from all corners of the globe spotlight breakthrough tech and latest solutions to feed GCC’s USD109 billion power investment needs
Dubai, UAE, Tuesday March 5, 2019: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance & Industry, today inaugurated Middle East Electricity 2019 – the 44th edition of the region’s leading event for the power industry.
Hosted by the UAE Ministry of Energy, Middle East Electricity runs at Dubai World Trade Centre (DWTC) until March 7, bringing together 1,600 industry heavyweights and energetic start-ups from around the globe.
With the MENA Power Industry Outlook Report, prepared by ......read more
Inspections reveal that several companies are yet to comply with Emirates Authority for Standardization & Metrology (ESMA) guidelines
Dubai, United Arab Emirates - March, 05, 2018: A joint task-force comprising six Dubai Government entities and ENOC Group is taking concerted efforts to curb illegal trade of diesel in Dubai, which have seen steady progress in recent months.
The task-force includes representatives of Dubai Economic Department, Ministry of Human Resources & Emiratization, Emirates Authority for Standardization & Metrology, Roads & Transport Authority, Dubai Municipality, Dubai Police and ENOC Group.
An estimate of 38 per cent of the companies inspected reported compliance with the guidelines set by Emirates Authority for Standardization & Metrology (ESMA) ......read more
United Arab Emirates - March 04, 2019: 2019- 27 French companies will be exhibiting in 2019 with Business France, the national agency supporting the international development of the French economy, at the Middle East Electricity Show in Dubai, a chance for a French excellence sector that is both innovative and dynamic to enjoy the spotlight. The event is truly a springboard for companies looking to expand in the broader Middle East, sub-Saharan Africa and South Asia.
Many opportunities exist in this very fast-growing market, driven by the staggering development in several sectors: retail distribution, transport, logistics, infrastructure and residential. With major international events such as the Dubai World Expo 2020, to be hosted in the region, and the return of major real estate projects announced by public contractors, ......read more
Dubai, UAE – Monday 4th March, 2019: Power industry professionals from around the world descend on Dubai tomorrow (5th March) for Middle East Electricity 2019, the 44th edition of the region’s leading event for the power industry, to debate, promote and reshape the future of a sector beset by game-changing disruption.
The power battalion are exhibiting, visiting, and speaking at conferences and workshops at the three-day Middle East Electricity event, which runs until March 7 at Dubai World Trade Centre (DWTC).
When the curtain rises on the show, which spans 14 exhibition halls, an anticipated turnout of more than 60,000 industry professionals will discover more than 1,600 leading manufacturers and suppliers from all continents ready to promote a multitude of disparate technology.
“From smart ......read more
The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer
Ras Al Khaimah, United Arab Emirates, 23, May 2018: With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a ......read more
70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA
Dubai, UAE, May 23, 2018: Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment ......read more
May 16, 2018, United Arab Emirates: Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, ......read more
Visit included a tour of Ruwais Industrial Complex and Ruwais City
Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy
Abu Dhabi, United Arab Emirates, May 15, 2018: As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, ......read more
DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference
Dubai, United Arab Emirates, 12 May 2018: Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017.
Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting ......read more
The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (ADNOC) new In-Country Value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s vision ......read more
Independent, $2.1 billion company focuses on electrical connection and protection
DUBAI, UAE – May 3, 2018 – nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly ......read more
Dubai, United Arab emirates, May 2, 2018: The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international ......read more
May 1, 2018- Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), threw the spotlight on the energy and cost savings achieved through successful implementation of retrofit programs by Etihad ESCO in the emirate, during his participation as a keynote speaker at the 8th MEFMA CONFEX, which was recently held in Dubai. The two-day event, organized under the theme ‘Sustainable FM ......read more
FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals
29 April 2018, Dubai, United Arab Emirates: Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in ......read more
Abu Dhabi, United Arab Emirates, 24 April 2018: The Emirates Nuclear Energy Corporation (ENEC) is highlighting the importance of prioritizing health and safety, during its participation in the EmiratesSkills 2018 National Competition, held at Abu Dhabi National Exhibition Centre from 23 to 25 April 2018.
ENEC is the official Health and Safety sponsor and exhibitor, emphasizing the ......read more
Abu Dhabi, United Arab Emirates, April 24, 2018: Masdar (Abu Dhabi Future Energy Company) and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, ......read more
Featuring 75 per cent international visitors, 80 per cent decision makers and 65 per cent trade visitors, the event witnessed more than 200 visitors and over 150 delegates on the first day of the event
The event witnessed participation from Saudi Council of Engineers, Sahara Petrochemicals Company, Orpic, Saudi Aramco, ADNOC Gas Processing and SABIC among many others
United Arab ......read more
On the important occasion of Earth Day, GPCA is pleased to announce the release of the 4th Progress Report, highlighting a major increase in global efforts to prevent marine litter
Dubai, United Arab Emirates, 22 April 2018 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf region, today marks Earth Day with the release of ......read more
April 19, 2018 - Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), officially inaugurated the first session of the Certified Measurement & Verification Professional (CMVP) program recently, alongside Professor Abdullah Al Shamsi, Vice Chancellor of the British University in Dubai (BUiD). The session, which forms part of the Dubai Energy Efficiency Training Program, was held ......read more
- Nishant Dighe Chief Executive Officer of RAKPA
Ras Al Khaimah, United Arab Emirates, 19 April 2018: After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, ......read more
UAE, April 10, 2018 – H.E. Engineer Awaidha Murshed Al Marar, Chairman of the Department of Energy - Abu Dhabi, lauded the Emirates CMS Power Company’s (ECPC) initiative aimed at managing and operating Taweelah A2 in Abu Dhabi by UAE Nationals for one month, noting that its success in achieving its objectives further boosts Emirati employees to handle leading roles in the future ......read more
Construction of Reactor Containment Building Dome Structure for Unit 4 successfully completed; the final unit of the Barakah Plant
Unit 4 Reactor Coolant Loop (RCL) pipe welding and setting of key equipment also completed
Abu Dhabi, United Arab Emirates, 10 April 2018: Reaching another milestone in the development of the Barakah Nuclear Energy ......read more
Abu Dhabi, 09 April, 2018: Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.
Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week.
The Andaman I and II ......read more
April 8, 2018 - In line with their collective efforts to make Dubai a leading example of energy efficiency for the region and the world, Etihad Energy Service Company (Etihad ESCO) and TAQATI- the dedicated program management office for the Dubai Demand Side Management (DSM) strategy - are hosting and strategically endorsing the 4th Annual RetrofitTech Dubai Summit and Awards on April 10 and 11, ......read more
Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017
Abu Dhabi, UAE, 07 April 2018: By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International ......read more
Dubai, United Arab Emirates, April 3, 2018: The biggest challenge for the UAE’s Minister of Energy and Industry is ensuring water security for the country’s future generations.
Speaking at the inaugural edition of the Global Leaders Forum, held in Dubai on April 3, 2018, His Excellency Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry, said, ......read more
Ras Al Khaimah, United Arab Emirates, 2 April 2018: The Government of Ras Al Khaimah has announced the official launch of RAK’s 2018 petroleum licensing round (the “Licensing Round”) and the establishment of the new Ras Al Khaimah Petroleum Authority – the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. ......read more
Collaborative Masdar- and SENER-backed solar company has paved the way for the development of more efficient concentrated solar power (CSP) technologies
Dubai,UAE, March 29, 2018: In the ten years since it was established through a collaboration between Masdar, Abu Dhabi’s renewable energy company, and SENER, the Spanish engineering and technology specialist, Torresol Energy has ......read more
DUBAI – March 29, 2018: Gulf Oil Middle East Ltd (GOMEL), a part of Hinduja Group and a wholly owned subsidiary of Gulf Oil International Ltd (GOI), announced its strategic partnership with Al Naboodah Group Enterprises (ANGE), one of the leading conglomerates in the UAE. Under the agreement, ANGE will distribute Gulf Oil’s entire range of automotive and industrial ......read more
March 27, 2018 - Renish Group, a growing company in oil space, has officially launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks as part of its continuing efforts to boost its storage ability and expand its operations in the Middle East.
Renish Group acquired Alaska International in 2013 with just 60,000 m3 ......read more
ENEC’s wide range of technical scholarships offer talented students the opportunity to develop nuclear-related skills and acquire hands-on experience
Abu Dhabi, UAE – 27 March 2018: The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary Nawah Energy Company (Nawah) have offered a wide range of scholarships and showcased unique career opportunities ......read more
Abu Dhabi, United Arab Emirates, 27 March 2018: Masdar, Abu Dhabi Future Energy Company, announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE).
Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer (CEO), and ......read more
US places $50 billion worth of tariffs on Chinese goods
Sanctions in focus on appointment of Iran hawk John Bolton
Crude oil trades higher, industrial metals retreat
Dubai, UAE, March 25, 2018: Global growth is in the crosshairs as the US and China square off in a trade war.
By Ole Hansen
The geopolitical stage looks ......read more
International Renewable Energy Agency to support Zhangjiakou, in Hebei Province, become China’s first energy transition pilot city
Dubai, United Arab Emirates, 24 March 2018: The International Renewable Energy Agency (IRENA) has today signed a co-operation agreement with the People’s Government of Hebei Province, China to provide the city of Zhangjiakou with a ......read more
Abu Dhabi, United Arab Emirates, March 22, 2018: Shams Power Company, the developer, owner and operator of the UAE’s first large-scale solar power project, Shams 1, is celebrating five years of uninterrupted electricity generation at the plant this month.
Located in Al Dhafra, Abu Dhabi’s western region, the 100 megawatt-capacity (MW) Shams 1 was the largest ......read more
Abu Dhabi, 21 March 2018: Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia.
The project will now proceed to the construction and installation stage.
Mubadala Petroleum is Operator of Block SK 320 with 55 percent ......read more
TAQATI, the dedicated Program Management Office for the Dubai Demand Side Management (DSM) strategy and which is set up under Etihad Energy Service Company (Etihad ESCO), entered into a partnership with the British University in Dubai (BUiD) for the Dubai Energy Efficiency Training Program as part of its mandate. Etihad ESCO CEO Ali Al Jassim signed the agreement with BUiD Vice Chancellor Prof. ......read more
Digitalization and clean energy integration transforming the energy landscape in the country
Dubai, UAE, March 15, 2018: ABB, the pioneering technology leader, has recorded steady and sustained growth in the United Arab Emirates in 2017.
“ABB is seeing profitable growth and a huge opportunity in this market as we are partners to both the energy and industrial ......read more
Dual projects designed to enhance Seychelles' capacity to produce renewable energy from sustainable resources
ADFD-funded energy projects electrify thousands of homes in island nation
Abu Dhabi-UAE: 12 March, 2018: Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today announced an allocation of AED64.2 million for the ......read more
Mubadala Petroleum signs agreement with Italian company Eni to purchase interest in Shorouk Concession • Mubadala Petroleum acquires 10 percent interest in the Shorouk Concession in Egypt
Abu Dhabi, 12 March 2018: Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10 percent stake in the Egyptian Shorouk Concession. The signing ceremony ......read more
Abu Dhabi, UAE, 4 March 2018 – Masdar, Abu Dhabi Future Energy Company, a subsidiary of the Mubadala Investment Company (Mubadala), today announced that it will install a 290-kilowatt (KW) solar photovoltaic (PV) system to serve the facility of Khazna Data Centres (Khazna) in Masdar City.
In the presence of Khaled Al Qubaisi, Chief Executive Officer, Aerospace, ......read more
Sustainability performance improved once more
More than 50,000 employees serving as sustainability ambassadors
Partnership launched to stop ocean plastic
Leading positions in international indices and ratings
Dubai, UAE, March 03, 2018: “In 2017, we made clear progress in implementing our sustainability strategy and reaching our sustainability ......read more
Discover French innovations from March 6 to 8 at the French Pavilion, Dubai World Trade Centre
Dubai, UAE, March 01, 2018: Business France is once again presenting the world-class, innovative and dynamic French electricity sector via the French Pavilion at the Middle East Electricity Exhibition from the 6th to the 8th of March. As a key platform for the introduction of new products and ......read more
Mr. Dietrich brings more than 27 years of international nuclear industry experience
Abu Dhabi, UAE – 28 February 2018: The Emirates Nuclear Energy Corporation (ENEC) has appointed Peter Dietrich as the Corporation’s Chief Nuclear Officer (CNO). Mr. Dietrich brings substantial international industry expertise from his 27-year career in the nuclear sector.
The position ......read more
February 24, 2018 - Awareness enhancement is a key impetus for the achievement of the Dubai Demand Side Management (DSM) targets. Behavioral changes are only possible when people and organizations are aware of their energy consumption, and of measures and practices they can adopt to reduce their consumption. Even small changes in seemingly insignificant everyday practices can go a long way in ......read more
Opportunity to help local truck drivers drive more safely
DUBAI, United Arab Emirates – 22nd February 2018 – Puma Energy, the global integrated midstream and downstream energy company, hosted its first Be Road Safe event specifically created for the United Arab Emirates (UAE) in Dubai on Thursday, February 22nd. The event aims to promote the importance of road ......read more
The Barakah Nuclear Energy Plant will contribute to meeting the UAE Energy Strategy and the realization of the UAE’s voluntary commitments to the Paris Agreement
The project will improve air quality by cutting down up to 21 million tonnes of carbon emissions every year
Abu Dhabi-UAE – 21 February 2018 - His Excellency Dr Thani bin Ahmed Al Zeyoudi, ......read more
Dubai, UAE, February 20, 2018: For more than two decades, the European Union (EU) has been at the forefront of global renewable energy deployment. The adoption of long-term targets and supporting policy measures has resulted in strong growth in renewable energy deployment across the region, from a 9% share in gross final energy consumption in 2005 to 16.7% in 2015.
The REmap study by the ......read more
Discover French innovations from March 6 to 8 at the French Pavilion, Dubai World Trade Centre
Dubai, United Arab Emirates, 15 February 2018 – Business France is once again presenting the world-class, innovative and dynamic French electricity sector via the French Pavilion at the Middle East Electricity Exhibition from the 6th to the 8th of March. As a key platform for the ......read more
His Excellency Saeed Mohammed Al Tayer: Dubai is a global model for clean energy and green economy
Dubai-UAE: 14 February, 2018 – A holistic view of the energy sector is driving innovation at the Dubai Electricity and Water Authority (DEWA), said His Excellency Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of DEWA, on day three of the sixth World ......read more
Recent A.T. Kearney report released during the World Government Summit identifies three key steps required for the Middle East to prepare for the future of energy
Dubai, United Arab Emirates 13 February 2018 — Growing global diversification of the energy mix and an increased share of natural gas, renewables and electrification, is challenging conventional ......read more
February 05, 2018 – Industry experts are optimistic that the oil and gas storage industry in some key global markets is poised for significant increase driven by strong oil demand, vibrant logistics activity in the oil and gas, and robust international and domestic trade activities. The international oil storage sector is projected to rise at a compound annual growth rate of 4.2 per cent ......read more
Under recently-launched Al Naboodah Electrics, the new business is dedicated to providing renewable energy solutions in partnership with Jakson Group
Dubai, UAE, January 05 2018 – Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, is entering the solar energy space with the ......read more
Experts cover the latest international best practices in drone safety standards, energy storage solutions and risk management for solar and wind projects at WFES.
Abu Dhabi, February 04, 2018 — UL (Underwriters Laboratories, a safety science leader, introduced a team of energy experts from across the globe to a captivated audience at the World Future Energy Summit (WFES) in ......read more