By Ole Hansen
Head of Commodity Strategy / Saxo Bank
Commodities markets have seen big swings during the past month
Farm commodities under pressure from supply overhang and speculative selling
Precious metals surged around Easter on spike in geopolitical concerns
Gold is back testing key resistance, but could be in for short-term correction
Surprise jump in US gasoline stocks rattled oil-market bulls
Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.
Industrial metals are on track for a second ......read more
Global CO2 emission to reach 43 Billion tonnes by 2040
Hydrogen to play a key role in resolving the energy storage dilemma
UAE - 18 April 2017
Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious District Cooling Stakeholders Summit, in Dubai yesterday (18 April 2017).
Berbari, founder of UAE-based district cooling consultancy DC PRO Engineering, and author of the thought-provoking ‘The Energy Budget’ – which outlines a self-financing long-term solution to tackle climate change – outlined that with CO2 emissions expected to reach 43 billion tonnes globally by 2040, it is crucial that municipal official, government ......read more
Contest promotes innovation among business and engineering students
Winning team to visit Schneider Electric’s global facilities, receive employment offers from company
Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge for business and engineering students that promotes innovative energy management ideas for smart cities.
Business and engineering undergraduate and post-graduate students from all over the world can join the competition until 12 May, 2017. Teams must submit a case study illustrating their ideas for innovative energy management solutions in cities related to one of the four topics: Strategy and Technology, Cooling Solutions, Energy ......read more
Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in 2016
Dubai, UAE, April 17 2017: Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative to conventionalair-conditioning. The company emphasised the importance of district cooling to real estate developers ahead of the upcoming Cityscape Abu Dhabi2017, one of the largest and most significant real estate events, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC)from April18th to 20th 2017.
"District cooling is the need of the hour. It paves the way for economic advancements. The UAE is making remarkable ......read more
- Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program
- Delegation witnessed the exceptional progress made at Barakah
Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones.
The UAE Ambassadors and Heads of Missions Abroad were hosted by ENEC CEO, Mohamed Al Hammadi, Acting CEO of Nawah Energy Company, Mohammed Sahoo Al Suwaidi, Barakah One Company CEO, Nasser Al Nasseri, ENEC’s Deputy CEO Ahmed Al Rumaithi, and other senior ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Abu Dhabi, UAE, April 11, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE.
As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, reduced from the earlier marked retail price of AED 116; and AED 208 per 100lb, reduced from the earlier marked retail price of AED 232.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “Our competitive LPG cylinder prices are re-evaluated every month bearing in mind the interests of consumers and household customers in the UAE while taking into account fluctuations in international prices for the ......read more
- Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector.
- Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof
Dubai, United Arab Emirates,11 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and ......read more
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to power new developments in the recently announced SOHAR Port South and SOHAR Freezone Phase II expansions, the new plant will have a power output of over 1,700 Megawatts, making it Oman’s second largest power station.
Developed by Shinas ......read more
Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions
Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener alternative to air conditioning, such as District Cooling Solutions (DCS) tooptimise climate change and reduce energy consumption and carbon emissions. The announcement was made on the occasion of the “Sustainable Energy for all forum” in New York, United States. The international forum supports the efforts to enhance sustainability and energy saving all over the world.
A report titled ‘UAE Climate Change Risks & ......read more
Purchase is significant step in firm’s global expansion
Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.
Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the only fuel terminal in the Australian port city that incorporates marine loading arms for safe, efficient and fast vessel discharge at 3,600 cubic metres per hour.
With a strong commitment to sustainability, the Mackay terminal is ......read more
Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
The MoU was signed by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO and Amin H. Nasser, President and CEO of Saudi Aramco.
H.E. Dr Al Jaber said: “The United Arab Emirates and the Kingdom of Saudi Arabia have strong bilateral ties built on fraternity, ......read more
Dubai, UAE, 28 March, 2017: Emirates Maritime Arbitration Centre (EMAC) will be attending the 10th International Fujairah Bunkering & Fuel Oil Forum as a function sponsor. Taking place on 27 to 29 March at the Al Diar Siji Hotel in Fujairah, the annual event is held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah & Member of the UAE Supreme Council. Through the leadership of H.E. Dr. Mohammed Saeed Al Kindi, the Chairman of the Fujcon Steering Committee and EMAC board of trustee member, the conference brings together maritime stakeholders from all corners of the bunker trade.
Considered the Middle East’s most important bunkering forum, FUJCON is the anchor event held during Fujairah Bunkering Week, a dedicated professional training week comprising a conference, ......read more
Renewable resources lead the way in smart approach to sustainable development
Dubai, UAE, March 27, 2017: In today’s era, smart energy solutions are a prerequisite for the socio-economic development of the country. The smart energy solutions not only provide access to affordable, reliable, sustainable and modern energy solutions, but also drive the country towards its sustainable development goals. In wake of the above, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd -4th, will shed light on smart energy solutions.
Future Cities Show 2017 is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big investors and those who have creative and innovative ideas to build future cities from economic, ......read more
Schneider Electric’s Gulf leadership team participates in knowledge exchange with USC students
Dubai, UAE: 26 March, 2017: Schneider Electric, a global leader in energy management and automation, hosted a delegation from the University of Southern California (USC), one of the world’s leading private research universities based in Los Angeles, in early March 2017 at its offices in Dubai.
Schneider Electric is one of five leading companies in the UAE that have been collaborating with graduate students at the Marshall School of Business at USC on field projects exploring emerging issues as part of an experiential MBA programme.
The course, developed and taught by Omar El Sawy, Kenneth King Stonier Professor of Business Administration at USC, focuses on digital business strategies for sustainability in dynamic ......read more
Wintershall continues on growth course
Robust portfolio ensures profitability
Positive free cash flow despite low prices
Kassel / Abu Dhabi, March 23, 2017: Wintershall is on a growth course despite the difficult conditions in the industry and attained an historic level of production in 2016 of 165 million barrels of oil equivalent (BOE). This means the company has increased its oil and gas production in the last ten years by around 50 percent. At the same time, Wintershall more than doubled its commercially recoverable oil and gas reserves in the same period from 814 million BOE to 1.62 billion BOE. “Solid foundations for further profitable growth in future too,” CEO Mario Mehren said at the company’s annual press conference and announced that the company would continue on its long-term growth ......read more
Reactor Coolant Loop (RCL) pipe welding completed, establishing new quality benchmark for global industry
Concrete pouring for containment building dome structure successfully completed
Abu Dhabi, UAE – 22 March 2017: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the welding of Reactor Coolant Loop piping and the Reactor Containment Building (RCB) dome structure for Unit 3 of the Barakah Nuclear Energy Plant.
The completion of pipe welding for the Reactor Coolant Loop has set a new global benchmark for quality in pipe welding, and the RCB dome structure marks the completion of the major construction activities for the building which houses the main components. These achievements mark another set of safe and on-time milestones in the construction of Unit 3, which is now 69 ......read more
Abu Dhabi, United Arab Emirates; March 22, 2017: EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The agreement formalising the company’s entry into the consortium was signed today by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company.
His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), His Excellency Michel Miraillet, Ambassador of France to the UAE, and Antoine Cahuzac, Group Senior Executive Vice President for Renewable Energies at EDF Group and Chief Executive Officer (CEO) of EDF Energies ......read more
Dubai, UAE, March 22, 2017: The clock is ticking for UAE entities as they look forward to taking their place in the UAE Pavilion – one of the largest – at the International Specialized Exhibition EXPO 2017 "Future Energy", which will be held in less than 80 days’ time.
“With less than three months remaining until EXPO 2017, we are happy to announce that the preparations for the exhibition are almost over, and the participating countries are already starting to organize their pavilions”, said Akhmetzhan Yessimov, the Chairman of the Board of JSC National company Astana EXPO-2017.
The United Arab Emirates will host one of the largest pavilions at the event, spread over 980 square metres, that will feature a presence from major UAE organisations. EXPO 2017 will run from 10th June to 10th ......read more
Region outgrows global average of 2.2%
Dubai, United Arab Emirates, March 21, 2017: The petrochemical industry in the Arabian Gulf region grew at 3.7%in 2016 reaching 150 million tons of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2%. The figures emerged from ‘Arabian Gulf Industry Year in Review’ part of GPCA’s recently released Annual Report.
Released today by GPCA, the go to resource for industry data in the region, the study highlights that the industry’s growth is largely due to new capacity added in Saudi Arabia, the region’s largest petrochemical producer with 99.1 million tons of capacity, representing a 66% share of regional capacity.
While the report highlights a fall ......read more
A surge of mega deals is approaching and will accelerate the “merger endgame” in multiple chemicals markets.
United Arab Emirates, Dubai, 21 March, 2017: Record-high M&A activity is set to transform the chemicals industry in 2017, according to A.T. Kearney’s new Chemicals Executive M&A Report. More than $300 billion of chemicals M&A deals are in the pipeline of which four pending mega deals represent 75 percent. Each of these large deals (Dow-Dupont, Bayer-Monsanto, ChemChina-Syngenta, Praxair-Linde) is valued between $40-70 billion, two to three times larger than any single deal seen in the past 10 years.
“The planned mega deals highlight a broader trend of diversified chemicals companies shifting their portfolios toward more pure play models. This shift is incentivized by the higher ......read more
Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains
Berlin, Germany, 20 March 2017 — Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate ......read more
Abu Dhabi-UAE: 16 March, 2017: In keeping with its corporate social responsibilities, ADNOC Distribution announced its support for the GCC Traffic Week taking place across the GCC region from 12 to 18 March 2017. The 33rd edition of the annual traffic safety campaign is running under the theme of ‘Your Life is Trust’.
Throughout its nationwide service station network, ADNOC Distribution is seeking to raise awareness about the importance of adhering to speed limits, along with the dangers of using mobile phones behind the wheel, driving without a seat belt, and parking in spots designated for people with special needs.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "As a key supporter of transport and mobility operations across the UAE, ADNOC Distribution recognises ......read more
Company’s annual event from 11-12 April at Atlantis, The Palm to showcase advanced seamless digital connectivity platform - EcoStruxure™
Set to draw participation of around 2,500 attendees from Middle East and Africa
Dubai, UAE: 16 March, 2017: Schneider Electric, a global specialist in energy management and automation, is set to highlight how the future of energy management and automation is being redefined at the IoT-themed Innovation Summit on 11 and 12 April at Atlantis, The Palm in Dubai.
Currently in its fifth year, Schneider Electric’s flagship event will showcase the latest technologies providing homes, datacenters, hotels, healthcare, businesses, utilities providers and O&G operators with analytics, real-time data management and intelligence capabilities. The largest of ......read more
Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress
Middle East Holds Nearly 1 Trillion Barrels of Heavy Crude Oil, accounting for nearly 30% of World Reserves: Industry Report
Kingdom of Bahrain – 13 March 2017: Technology and innovation will play an instrumental role in securing heavy oil’s valuable position in the global energy mix, according to the region’s industry experts.
Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the region, Dr Peter Bartlett, Chief Executive of the Bahrain Petroleum Company (Bapco), said overcoming the challenges associated with leveraging this complex – but invaluable – energy resource will depend on the industry’s ability to develop commercially viable ......read more
Ground breaking deal in Oil and Fuel sector for Gulf Oil International and the world’s number one football brand
Gulf Oil International is proud to announce that it has entered into a long-term partnership with the world’s leading football brand, Manchester United. This groundbreaking initiative - believed to be the first such in the sector - makes Gulf Oil International Manchester ......read more
Largest Asian buyers shifted their attention back to Saudi Arabian crude oil
Dubai, March 14, 2016 – Thomson Reuters, the world’s leading source of news and information for professional markets, released its OPEC Oil research and forecasts report for the month of February 2016.
According to the findings, crude exports declined marginally in February despite production falling by ......read more
Abu Dhabi - UAE: 14 March 2016- The World Refining Association (WRA), today announced, the 17th edition of the Abu Dhabi International Downstream Summit & Exhibition which will be held at the Intercontinental Hotel in Abu Dhabi from 8 - 10 May, 2016.
The summit, which is the longest running downstream event in the Middle East, will continue to focus on the regions core goal of locking in ......read more
Intends to grow market share in EMEA region
Dubai, UAE, March 13, 2016: First Solar, Inc.’s (Nasdaq: FSLR) Operations and Maintenance (O&M) has announced it now has 5 gigawatts (GW) of assets in its portfolio of solar power plants, firmly establishing it as the largest O&M provider in the world. First Solar Energy Services, which has held the top position on GTM ......read more
Abu Dhabi-UAE: 12 March, 2016 - ADNOC Distribution has awarded 48 lucky winners of its three-month oil change promotional campaign across 139 lube change outlets in the UAE with grand prizes worth AED1.2 million.
Launched to coincide with the 44th UAE National Day, the campaign concluded on 1 March, and entered all customers spending AED50 and above at ADNOC Distribution’s lube change ......read more
Active capital projects in the country are worth $358bn
10 March, 2016- Abu Dhabi, UAE: Middle East business leaders are preparing to meet in Dubai to discuss the future of Iraq’s energy sector during what could prove to be a pivotal year for the country’s economy. Representatives from international oil and gas companies, engineering firms, and the Iraqi government will come ......read more
New agreement signed to support the development of National Greenhouse Gas Inventory Systems (NIS)
Dubai, 10 March 2016 – United Nations Environment Programme (UNEP) and Dubai Carbon Centre of Excellence (DCCE) have signed an agreement to develop National Greenhouse Gas Inventory Systems (NIS) for Oman and Kuwait, helping these countries to monitor progress towards the international ......read more
Masdar delivers sixth Pacific Project in aid of local energy security and economic growth
Mohamed Jameel Al Ramahi: “Secure sources of clean energy are becoming an increasingly critical component of economic and social development”
Abu Dhabi, UAE, 9 March 2016 – The recent completion of a solar power project for the Pacific nation of Vanuatu marks the latest stage ......read more
12,000 coloured solar panels spread across 6,000 square metres to make Copenhagen school first in the world with complete photovoltaic façade
Dubai, March 8, 2016: Emirates Insolaire LLC, a pioneer in the development and application of the unique KromatixTM solar technology and a joint venture of Dubai Investments & SwissINSO Holding Inc., has announced that it has won the supply contract ......read more
Drive Aligned with QCC’s Priority to Verify Compliance of All Fuel Meters in the Emirate of Abu Dhabi
Rabdan Service Station is among Largest Operated by ADNOC Distribution in Abu Dhabi
Abu Dhabi-UAE: March 7, 2016 – Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure and raising awareness on quality standards in the ......read more
Partner event Solar Middle East sees 57 per cent YoY increase in exhibitors
Dubai, UAE, 1 March 2016: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance and Industry of the UAE, has officially opened the 41st edition of Middle East Electricity (MEE) in the presence of other VIP dignitaries, which takes place until 3 March, alongside partner ......read more
Landmark Energy Event Puts Strategy and Energy Efficiency on Global Agenda
Abu Dhabi Reaffirms Position as Global Energy Hub, with More Than 80% of ADIPEC Show Floor Already Booked
Abu Dhabi, UAE – 24 February 2016 – Driving efficiency in the energy sector will form the cornerstone of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016, UAE oil and gas ......read more
Muscat/Oman, February 18, 2016 - Schneider Electric, a global leader in energy management and automation, showcased its comprehensive datacenter infrastructure portfolio in Muscat, Oman as part of its GCC-wide roadshow.
Best practices in integrating Schneider Electric’s solutions to maximize business efficiency and value were also shared at the event that drew the attendance of ......read more
International Workshop brings together the leading nanotechnology and advanced materials experts
17 February 2016 – Ras Al Khaimah, UAE: From February 21-23 Ras Al Khaimah will play host once more to an elite group of scientists acknowledged as the top minds in their respective fields. They will be participating in IWAM-2016 (International Workshops on Advanced Materials). IWAM is ......read more
Two H-class gas turbines for Beni Suef power plant project
Total weight of 890 metric tons
Dubai, UAE, February 17, 2016: The first gas turbines for the largest order in Siemens’ history have started their journey to Egypt. Two turbines for the Beni Suef power plant project will be loaded onto a barge at the Berlin Westhafen port, from where they will be shipped to the ......read more
- Finalization of vital projects allows for successful completion of testing in preparation for Unit 1 operations
- ENEC continues to achieve crucial milestones in the development of the UAE’s peaceful nuclear energy program
16 February 2016 – Abu Dhabi, United Arab Emirates: The Emirates Nuclear Energy Corporation (ENEC) today announced the successful completion of ......read more
World-class bioenergy and aquaculture facility underscores the role of innovation as a pathway to sustainably address the water, energy and food nexus
Abu Dhabi, February 16, 2016 – The Sustainable Bioenergy Research Consortium (SBRC) today announced that its soon-to-be operational bioenergy research facility at the Masdar Institute of Science and Technology will be featured during the ......read more
Dubai, UAE, 15th February, 2016: Total Marketing Middle East (TMME), a subsidiary of Total, the fourth largest global oil and gas company, has teamed up with Dubai Police to run a five-day campaign to improve the health and safety of truck drivers on the road.
The ‘Truck Drivers Campaign’ is a four-point initiative informing drivers, to be safe on the roads, they have to be ......read more
Global Forum for Innovations in Agriculture turns spotlight on self-sufficient greenhouses ideal for UAE climate
Abu Dhabi, 13 February 2016: Plans for self-sufficient greenhouses that enable the production of high-quality plants in sub-tropical regions affected by water scarcity are set to be unveiled by leading agricultural experts at Abu Dhabi’s Global Forum for Innovations in ......read more
• Correlation between climate change, rise in carbon emission and frequency of natural disasters
• Key policy recommendations include: eliminate subsidies on fossil fuels, establish predictable prices on carbon, accelerate low carbon investment, boost R&D budgets, finance low carbon infrastructure
Dubai-UAE: 10 February, 2016 – No longer a scientific theory, ......read more
Abu Dhabi-UAE: 10 February, 2016 - ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of February 2016.
As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED42 per 25lb cylinder down from the earlier marked retail price of AED44, and AED83 per 50lb cylinder from the earlier marked retail price of ......read more
Agreement paves way for UAE grid to transmit sustainable electricity from nuclear energy generation
Abu Dhabi, UAE – 10 February 2016: The Emirates Nuclear Energy Corporation (ENEC) recently signed the Connection & Interface Agreement (C&IA) with the Abu Dhabi Transmission & Despatch Company (TRANSCO). The agreement establishes a contractual operating framework between the ......read more
Solution upgrades to help meet demand peaks at three power plants currently operating in Egypt
Will help ensure reliability and availability of country’s energy supply
Dubai, UAE, February 9, 2016: Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The ......read more
Dubai-UAE: 9 February, 2016 – Leading a discussion on the future of renewable energy at the fourth World Government Summit (WGS 2016), Justin Hall-Tipping, Chief Executive Officer of NanoHoldings, talks about the need to make use of nanotechnologies and encourage government officials, leaders and future generations to embrace new thinking of sciences.
He said: “With the ......read more
• DEWA implements Dh7 billion five-year Smart Networks and Meters Project strategy
• Kaeser commends UAE and the region’s efforts for their forward thinking strategies in renewable energy
• Countries cannot solely focus on one energy source, must make use of a mix of energies
• Panelists discuss Sheikh Mohammed bin Rashid Al Maktoum Solar Park, ......read more
Announces marked retail prices for ADNOC Wallet tokens including Smart Tag and ADNOC Plus Card
Abu Dhabi-UAE: 07 February, 2016 – ADNOC Distribution has announced the marked retail price of its Smart Tag and ADNOC Plus payment tokens available to ADNOC Wallet account holders. Starting 1 March 2016, the company will retail the Smart Tag at AED250, while the ADNOC Plus card will be ......read more
Geothermal Power Plant Aims to Plug Power Shortage in Caribbean Country
Project to Deliver Clean Energy to Over 100,000 People across the islands as part of ADFD /IRENA Partnership
St. Vincent Prime Minister: ADFD Plays Key Role in Promoting Sustainable Development at Global Level
Mohammed Al Suwaidi: ADFD-funded Renewable Energy ......read more
Invites Customers to Register for ADNOC Wallet Account
New Service in Line with Abu Dhabi Vision 2030 and UAE efforts to Shape Smart Cities and Governments
Abu Dhabi-UAE: 2 February, 2016 - ADNOC Distribution today announced the roll-out an seven-month pilot phase of its smart self-service refuelling (ADNOC SMART) in the emirate of Abu Dhabi from 1 March to 1 October 2016. The pilot ......read more
• Oil at the eye of the storm during a volatile week
• Oil rebound on speculation of Russo/Opec deal
• Gold's rally ran out of steam, leaving longs wondering what's next
• Sugar lost its sweet edge and fell
A new dawn for oil if Russia and Opec cobble together a deal. Pic: iStock
2 February 2016: January proved to be a very volatile ......read more
Investment in low emission technologies can make huge savings, create competitive business edge, says PA Consulting Group
Abu Dhabi, UAE, 28 January 2016: Some of the Middle East’s biggest industrial firms facing up to massive increases in energy costs in the wake of subsidy reforms are being advised to reduce their carbon footprint to make multi-million dollar savings.
The ......read more
Participation Highlights Sustainable Features of NGV Fuel
Abu Dhabi-UAE: 24 January, 2016 - ADNOC Distribution is showcasing its environment friendly initiatives and achievements in preserving precious natural resources for future generations as part of its participation at the 9th edition of World Future Energy Summit from 18-21 January - one of the key events at Abu Dhabi Sustainability Week ......read more
Zayed Future Energy Prize hosts panel to discuss empowering climate victims
Abu Dhabi, January 19, 2016 – Today the Zayed Future Energy Prize hosted a top-level discussion on ensuring energy innovations are at the heart of empowering victims of climate change. The debate was convened as part of Abu Dhabi Sustainability Week and focused on one of the core issues to come out of the COP21 ......read more
January 21, 2016, Abu Dhabi, UAE – The United Arab Emirates (UAE) today hosted the second Steering Committee meeting of the International Solar Alliance (ISA), a coalition of solar rich countries to promote the increased generation and deployment of solar energy. The meeting focused on next steps in advancing new solar technologies worldwide and was held during Abu Dhabi Sustainability Week ......read more
The UAE founded initiative holds first all-day conference at ADSW
21 January, Abu Dhabi: Women in Sustainability, Environment and Renewable Energy (WiSER) has announced four strategic partnerships with the Moroccan Agency for Solar Energy (MASEN), Renewable Energy Policy Network for the 21st Century (REN21), General Electric (GE), and Masdar Institute of Science and Technology Young Future ......read more
Agreement signed at Abu Dhabi Sustainability Week launches development platform for future waste to energy projects across the UAE and the Middle East-region
Abu Dhabi, UAE – 20 January 2016: Masdar, Abu Dhabi’s renewable energy company, has signed a strategic partnership agreement with Sharjah’s environment company “Bee’ah” – the Middle East’s ......read more
Jordan a key market for Masdar’s renewable energy projects
Abu Dhabi, UAE – 20 January 2016: Masdar, Abu Dhabi’s renewable energy company, has announced an agreement to develop a commercially-driven utility-scale 200 megawatt (MW) photovoltaic solar plant for Jordan’s Ministry of Energy and Mineral Resources (MEMR).
The agreement, comes less than one month after ......read more
United Arab Emirates’ world-class research will produce food and fuel without using arable land or fresh water
ABU DHABI, Jan. 20, 2016 –The Sustainable Bioenergy Research Consortium (SBRC) today announced that in March it will begin operating the world’s first bioenergy research facility using desert land – irrigated by seawater – to produce both food and ......read more
“Nowhere is the business case for renewable energy greater than here in the Middle East & North Africa”
Abu Dhabi, UAE – 19 January 2016: Dr Ahmad Belhoul, Chief Executive Officer of Masdar, Abu Dhabi’s renewable energy company, today delivered the keynote speech at the formal inauguration of the ninth World Future Energy Summit (WFES), the anchor conference and ......read more
Middle East Launch at WFES 2016 Highlights Case Studies to Help Countries Achieve, and Exceed, Emissions Targets Set in Paris at COP21
Abu Dhabi-UAE: 19 January, 2016 – The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, and the independent public Finnish think tank Sitra, today ......read more
Collaboration Will Produce Visual Tool to Prioritize Energy Efficiency Projects Based on Economic Feasibility and Potential Impact
Abu Dhabi-UAE: 19 January, 2016 – The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, and Xylem Inc., a leading global water technology provider, ......read more
The UAE Ministry of International Cooperation & Development and Dubai Carbon Centre of Excellence sign Memorandum of Understanding
The MoU outlines their new collaboration and the Sustainable Development Goals
Dubai, United Arab Emirates: The UAE Ministry of International Cooperation & Development (MICAD) and Dubai Carbon Centre of Excellence have formalized their agreement on ......read more
UAE Convenes Public and Private Sectors to Address the World’s Most Pressing Sustainability Needs
January 19, 2016, Abu Dhabi, UAE – The United Arab Emirates (UAE), the center for global debate and cooperation on sustainability issues, hosted the first ever Abu Dhabi Global Action Day, an international forum calling on public and private sector leaders to drive forward the ......read more
Former Norwegian Prime Minister is First Woman to Win Prestigious Zayed Future Energy Prize
Abu Dhabi, January 19, 2016 – Former Prime Minister of Norway, Dr. Gro Harlem Brundtland, has today received the 2016 Lifetime Achievement Award of the Zayed Future Energy Prize at an awards ceremony in Abu Dhabi. His Highness Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ......read more
Awards ceremony completes record year for Zayed Future Energy Prize
Abu Dhabi, UAE, January 19, 2016 – His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today presented nine winners with the Zayed Future Energy Prize during the eighth awards ceremony in Abu Dhabi. In attendance were His Highness Sheikh ......read more
UN Secretary-General Ban Ki-moon calls for greater public-private action in achieving sustainable development by creating economic and social opportunity
Mexican President Peña Nieto says it is possible to secure global climate regime without impeding economic and social progress
Abu Dhabi, UAE, 18 January, 2016 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ......read more
Projects selected by IRENA/ADFD to power rural communities, decrease emissions, improve health and create jobs
Abu Dhabi, UAE, 18 January, 2016 – The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) today announced USD 46 million in concessional loans for four renewable energy projects in developing countries. The loans will fund a wind and ......read more
What Press conference by Sustainable Bioenergy Research Consortium (SBRC) to discuss the upcoming operations of the world’s first research facility to harmoniously produce both food and fuel without using arable land or fresh water – turning resource scarcity on its head. This game-changing research has the potential to ......read more
First and Second Rounds Deliver 56 MW of Clean Energy to Over 580,000 People in 10 Countries
Abu Dhabi-UAE: 16 January 2016 - Abu Dhabi Fund for Development (ADFD) will unveil the results of its third cycle of funding for renewable energy projects in developing countries as part of the collaboration with the International Renewable Energy Agency (IRENA) during Abu Dhabi ......read more
Abu Dhabi, U.A.E., 16 January 2016 – Roughly 30 legislators, selected to represent all regions of the world, are meeting today in Abu Dhabi to support the transformation of the global energy system from the policy side. The Legislators Forum 2016, held on the eve of the International Renewable Energy Agency’s (IRENA) sixth Assembly, is the first event of its kind hosted by the Agency. ......read more
Range of free activities guarantees a fun sustainability experience for the whole family at the last event of Abu Dhabi Sustainability Week 2016
Abu Dhabi-UAE: 14 January, 2016 – The Festival at Masdar City is set to return for a third year, continuing Masdar’s tradition of hosting a weekend of fun-filled activities for the family at the end of Abu Dhabi Sustainability Week (ADSW). ......read more