Emirates Development Bank will showcase its flexible financial solutions to support companies operating within the renewables sector
The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year
Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period
The companies will assess joint participation possibilities in renewable energy and explore collaborative opportunities in renewable energy generation
The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility
The utility company’s revenue for the first three months of the year hit Dhs5.44bn, up 7.3 per cent year-on-year
The agreement covers cooperation in nuclear energy operations, in high-temperature gas-cooled reactors and fuel supply and investment
The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision
The three-year contract is expected to commence in 2023 and will run through 2025
West Texas Intermediate futures slipped 0.7 per cent, after rallying 2.7 per cent on Friday
The fuel price committee marginally increased petrol prices by 15 fils for the month of May
West Texas Intermediate steadied near $75 a barrel after closing 0.6 per cent higher on Thursday
While scientists and public health officials have long been at alert to the dangers — air pollution kills 6.7 million people a year
Xlinks will use the proceeds to undertake the development of plans to lay the world’s longest high-voltage direct current subsea cables between the UK and Morocco
The project already has equity bridge loans of $14m from the EBRD and $45m from the APICORP
West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week
It is vital to help stakeholders across the industry understand that we need to invest to reach net zero, says Ahmed Radwan, lead business manager – MEA – Motion Business at ABB
West Texas Intermediate futures dipped toward $77 a barrel and are more than 6 per cent lower this week
The upgrade will contribute to achieving savings in energy, increasing efficiency and significantly reducing carbon emissions
Proceeds from the five-year tranche will be used for general corporate purposes while the 10-year green bond will be used to finance projects as set out in the framework
The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026
The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June
The contract will enable the efficient delivery of completion services at Upper Zakum field and adds 20 per cent to annual revenue compared with 2022
The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source
West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days
The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy
It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner in, with a combined capacity of 1.6 gigawatts
West Texas Intermediate traded above $81 a barrel after rallying by 2.2 per cent on Tuesday