ADX logs 15 large deals on Adnoc Gas, Modon shares worth $735mThe Abu Dhabi Securities Exchange (ADX) announced today (October 2) the execution of 15 large direct deals involving shares of Adnoc Gas and Modon Holding with a total value of AED2.7 billion ($735 million). Data from the ADX showed that the first transaction More… |
SAMI in licence deal to commercialise Aramco safety solutionsSAMI Advanced Electronics Company (SAMI-AEC), a leader in innovative solutions and a subsidiary of the Saudi Arabian Military Industries, said it has reached a licensing agreement with Saudi Aramco Technologies Company (SATC), a wholly owned subsidiary of Aramco, for the commercialization of More… |
LEVA Hotels to launch its first 5-star brand property in Saudi ArabiaLEVA Hotels, a dynamic homegrown hospitality brand, has announced the official launch of its 5-star luxury brand, Zen by Leva, at the opening of the Future Hospitality Summit in Dubai. This new addition to the LEVA family will introduce a unique perspect More… |
Dicode, X2M Connect to launch smart gas infrastructure in UAEDicode Technologies has announced a partnership with X2M Connect Limited, a leading Australian Internet of Things (IoT) technology provider to revolutionise the gas industry in the UAE. They will launch an innovative, end-to-end solution designed to transition gas companies to smart infrastru More… |
Masdar closes acquisition deal for Terra-Gen Power HoldingsAbu Dhabi Future Energy Company (Masdar) has announced the closing of its acquisition of a 50% stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy producers in the US from Energy Capital Partners (ECP). Representing More… |
Yokogawa launches wireless steam trap monitoring deviceYokogawa Electric Corporation has announced the addition of a new wireless steam trap monitoring device to the Sushi Sensor lineup of solutions in the OpreX Asset Management and Integrity family. This new product complies with the ATEX directive and is a More… |
Ewec invites bids for 1.5GW Abu Dhabi solar projectEmirates Water and Electricity Company (Ewec) today (October 1) invited expressions of interest from developer/developer consortiums for a new solar photovoltaic Independent Power Project (IPP) to be located in the Al Dhafra Region, in the Al Zarraf area in Abu Dhabi.   More… |
Air Products sells LNG process tech business to HoneywellAir Products has completed the sale of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. First announced in July 2024, closing conditions for the transaction have been fully met and regulato More… |
Sulzer launches VoltaSplit electrified distillation solutionSulzer has announced the global launch of VoltaSplit, its new electrified distillation solution that significantly enhances energy efficiency while enabling the reduction of direct CO2 emissions. Relying on electricity instead of traditional energy-inten More… |
Adnoc Drilling sets up JV to boost unconventional energy sectorAdnoc Drilling Company today (September 30) announced the creation of a new joint venture with global technology group SLB and PattersonUTI as well as the acceleration of its 144 unconventional oil and gas well programme, following the successful and efficient delivery of the first wells in t More… |