Sunday 22 January 2017

Abu Dhabi sets up Mubadala Investment Company

The UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, his capacity as the Ruler of Abu Dhabi, has issued a law establishing the Mubadala Investment Company. As a public joint stock company, the new company will be an independent legal entity and enjoy financial and a


Hertel wins key Pearl GT contract

Hertel,  a leading international industrial services company, has won a scaffolding, insulation, painting and refractory (SIPR) services contract at the Pearl Gas-to-Liquids (GTL) plant, a report said. The five-year contract was awarded by Qatar Shell and an official contrac


The Festival at Masdar City draws record crowd

The Festival at Masdar City  attracted its biggest crowds ever as this year’s Abu Dhabi Sustainability Week drew to a successful close this weekend. The Festival marks the end of Abu Dhabi Sustainability Week 2017, said the organisers. This year’s


Eco-Villa prototype opens its doors at Masdar City

Masdar City’s Eco-Villa, a pilot project incorporating water and energy-saving technologies, has been completed and a UAE national family will soon live in the prototype sustainable dwelling, it was announced today at Abu Dhabi Sustainability Week 2017. The Eco-Villa was la


Bahri reports $469m net profit

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has reported a net profit of SR1.76 billion ($469.3 million) for the year ending December 31, 2016. The company announced the results following its ordinary general assembly meeting, whic


World Future Energy Summit sees 60pc growth in buyer demand

The 10th edition of the World Future Energy Summit (WFES) ended Thursday, with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 per cent. Hosted by Masdar as part of Abu Dhabi Sustainability Week, WFES a


Dewa outlines clean, renewable energy strategy

Dubai Electricity and Water Authority (Dewa) on Thursday (January 19) outlined its key strategies and projects towards achieving the UAE’s renewable energy objectives including cutting dependence on fossil fuels, and reducing emissions. The biggest challenge that government


Yokogawa UK wins control system order for fuel pipeline

Yokogawa UK has received an order from the British Pipeline Agency (BPA), a leading provider of engineering services to the oil and gas pipeline sector, for a management and control system for a multi-product fuel pipeline system. This project will replace BPA’s existing pi


ADSW holds student event on sustainability

More than 600 students from the UAE and countries around the world took part in the second annual “Student Exclusive” at Abu Dhabi Sustainability Week (ADSW) in the UAE capital yesterday (January 18). Now a signature event of ADSW, the Student Exclusive is focused on


Russia to build major power plant in Iran

Iran and Russia have signed an agreement worth billions of dollars for Russian companies to build a power plant in Iran and enhance the power generation capacity of another plant, said a senior official. The Russians will improve the efficiency at Ramin Power Plant in Khuzestan P

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