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Borouge consortium in deal to build polyolefins complex in ChinaBorouge, a leading petrochemicals major said its consortium with Abu Dhabi National Oil Company and Austrian group Borealis has signed an agreement with Wanhua Chemical and Wanrong New Materials to build a speciality polyolefins complex in China. The proposed More… |
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Dubai Islamic posts solid H1 growth; net profit up 8.6%Dubai Islamic Bank (DIB) has registered solid growth for the first six months with the group's net profit surging 8.6% YoY to hit AED3.38 billion ($920 million), while its total income rose to AED11.2 billion ($3.04 billion) from last year's figure of AED9. More… |
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Aramco signs LoI for $2.2bn Jafurah gas plantSaudi oil giant Aramco has signed a non‐binding Letter of Intent (LoI) with a joint venture of Spanish group Técnicas Reunidas (60%) and China's Sinopec (40%), for the potential development of three gas compression plants at Jafurah, the largest unconventional gas field in the King More… |
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German expert OCS to deliver key solutions for UAE petchem sectorLeading Abu Dhabi-based technology company Zero Gravity Technology has signed an agreement with a global German specialist to enhance quality control and assurance within the UAE's polymer and petrochemical industries. The exclusive partnership agreement with OCS Optical Control Sy More… |
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KBR's blue ammonia tech picked by Shell Blue Horizons in OmanKBR has announced its blue ammonia technology has been selected by Shell for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will utilise KBR's leading ammonia synthesis loop technology to deliver cost-competitive and low-carbon intensity ammonia. More… |
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Infinity to develop 1GW renewable energy in Sierra LeoneInfinity Power and the Government of Sierra Leone represented by the Ministry of Energy have officially signed a Memorandum of Understanding (MoU) to develop 1GW of renewable energy capacity in Sierra Leone by 2033. The MoU outlines a phased approach to the project, focusing on expanding the More… |
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Dewa commissions eight new 132 kV substations in H1Dubai Electricity and Water Authority (Dewa) has announced that it has commissioned eight new 132 kV transmission substations during the first half, with a conversion capacity of 1,200 megavolt-amperes (MVA) at a total cost of AED1.36 billion ($370 million). More… |
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INTECH to modernise Middle East power plant controlsINTECH has won a project to equip a major gas-fired power plant in the Middle East with advanced distributed control systems. INTECH will enable the client in fortifying the facility against obsolescence, equipping the facility with the latest advancements in More… |
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Global solar energy storage market set to top $197bn by 2032The solar energy storage market is projected to surge to over $197.1 billion by 2032, reflecting a robust compound annual growth rate (CAGR) over the next decade, according to a report by Global Market Insights. This surge is driven by technological adva More… |
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Envision Energy, Saudi PIF form renewable energy JV in MideastEnvision Energy has unveiled a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region's journey towards a cleaner, more sust More… |
