Friday 20 May 2022

Debut World Utilities Congress ends on successful note

The inaugural edition of the World Utilities Congress ended on a successful note in Abu Dhabi with global leaders and industry experts shedding light on several key topics, according to the event organisers.   The three-day exhibition and conference, hosted by T


‘Urgent action needed’ to ensure a resilient energy transition

The pace of energy transition needs to be supercharged as the world confronts a spike in fuel prices, challenges to energy security and the slow progress on climate action, said a report.   Therefore, urgent action is required by both private an


Dana Gas more than doubles net profit to $54m in Q1

Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced a 125% jump in net profit for Q1 2022, reaching AED198 million ($54 million) or 2.8 fils per share as compared to AED88 million in Q1 2021, reflecting s


Shell leads all oil and gas brands, Aramco takes second place

Oil major Shell tops the oil and gas brands, growing its brand value by 18% to $49.9 billion this year, despite Covid, the conflict in Ukraine and increased awareness about ESG causing widespread havoc to the sector globally.   Saudi Arabian oil


Abu Dhabi’s building retrofit programme to help cut power consumption

Abu Dhabi’s building retrofit programme, aimed at improving electricity and water efficiency of the existing buildings across the emirate, will help save up to 40% of power consumption in some buildings, reported state news agency Wam, citing a senior executive of Abu Dhabi Nat


UAE working on $2.08bn new water desalination plants: Al Mazrouei

The UAE has launched several strategic projects in the water desalination sector across the country as part of its sixth sustainable development goal, reported Wam.   These strategic projects will play a vital role in helping achieve water security by p


Nogaholding closes $1.6bn murabaha facility refinancing

Bahrain's oil and gas holding company nogaholding has successfully refinanced its $1.6 billion Murabaha facility and upsized it to $2.2 billion.    The new facility was structured as a dual-tranche (conventional and Islamic) sustainability-linked loan b

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