Topic
217 stories
Aviation-sustainable fuel provider World Energy and logistics company Dalsey Hillblom Lynn (DHL) signed a partnership agreement of seven years on Thursday, with an aim to accelerate decarbonization of aviation logistics by purchasing about 668 million liters of sustainable aviation fuel through sustainable aviation fuel certificates (SAFc). SAF is a kind of biofuel made of plant, […]
The MENA EV Show 2023 successfully completed two days of discussions, innovations, and networking scheduled late September, at Dubai Silicon Oasis. The event was organized by INOEX Global and co-hosted by Dubai Silicon Oasis. The event brought in brands across the globe which gave participants an opportunity to delve into cutting-edge exhibits, featuring latest EV […]
Renewable energy firm Masdar joined hands with Malaysian Investment Development Authority (MIDA), on Monday, which aims to transform Malaysia’s sustainable energy sector by investing $8 billion for up to 10 gigawatts (GW) of renewable sustainable projects. The UAE-based company said to facilitate Masdar in undertaking the development of 10GW renewable projects by 2035, including ground […]
Mobility retailer Abu Dhabi National Oil Co (ADNOC) said the company is shifting its heavy vehicle fleet to B20 biofuel aiming for 15% reduction in CO2 emissions from the fleet and reducing carbon footprints. Earlier this year, ADNOC Distribution said it converted a $1.5 billion term loan linked to sustainability. This service is a penalty […]
Arab energy producer Sharjah National Oil Corp (SNOC), during ADIPEC’s energy conference has signed an agreement with natural gas manufacturer RAKGAS to provide gas storage services, on Tuesday. SNOC said the joint venture will allow RAKGAS to utilise SNOC’s gas storage facility to balance gas supply and demand by managing the fluctuation between high and […]
First Abu Dhabi Bank (FAB) partnered with environmental asset developer Blue Carbon and with green energy firm Masdar to develop and to venture in carbon trading market of Middle East and North Africa (MENA) region on Monday. The bank signed a memorandum of understanding (MoU) with Blue Carbon and Masdar for supply of high-quality carbon […]
Emirate’s economic strategies and policies designed to foster development by Statistics Centre – Abu Dhabi (SCAD) said the gross domestic product (GDP) of Abu Dhabi increased by 3.5% in the second quarter of 2023 compared to a year ago, and the non-oil economy grew by 12.3% in the reported quarter, reported Zawya. The Abu Dhabi’s […]
Integrated energy and chemicals companies, Aramco on Thursdays, has signed a definitive agreement to acquire minority stake of a liquefied natural gas (LNG) company, MidOcean, a subsidiary company of private energy Investment Company, EIG global energy partner. The deal is worth of $500 million. Dubai-based state owned, Aramco’s partnership with MidOcean Energy marks its first international […]
Marine equipment company Motive Offshore Group joined forces with energy service company, Emirates Specialized Contracting & Oilfield Services (ESCO), on Wednesday. The deal aims to bring innovation in offshore services and solutions to support the growing market in the Middle East and North African (MENA) region. The US-based ESCO will offer access to various sites […]
The MENA EV Show 2023 is set to launch for two power-packed days of discussions, innovations, and networking on September 27-28, 2023 at the prestigious Dubai Silicon Oasis. The event is organized by INOEX Global and co- hosted by Dubai Silicon Oasis. This year’s event will be an essential gathering for industry leaders, policymakers, and […]
Oil and gas producer ADES Holding Co, on Wednesday, said the company confirmed the final offer price for the company’s initial public offering (IPO) and it has completed the process of book-building for institutional investors. The Dubai-based company’s final offer price for the IPO offering is set at SAR 13.50 per share ($3.60 per share), […]
Modular battery solutions manufacturer American Battery Solutions (ABS) said it will spin out its Energy Storage Solutions (ESS) division on Monday, with a purpose to create a new, independent company called American Energy Storage Innovations Inc (AESI). This initiative reflects the evolution of ABS business and underscores the commitment of ABS to driving innovation within […]
