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Adnoc deepens energy partnerships with US companies

Adnoc has announced multiple agreements with US energy majors during the UAE-US business dialogue with US President Donald Trump. The agreements will potentially enable 60 billion of US investments in...

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SFME hosts networking for business, sustainability leaders

Sustainability Forum Middle East (SFME) a regional platform dedicated to driving net zero and nature positive solutions hosted a networking reception at SUSHISAMBA Conrad Bahrain Financial Harbour bringing...

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Acwa Power signs deals worth $500m with US firms

Acwa Power has signed Memorandums of Understanding (MoUs) worth 500 million with US companies building on its existing partnerships with American firms. These agreements signed at the Saudi-US Investment...

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Abu Dhabi issues rules on gas works in buildings

Abu Dhabi Department of Energy (DoE) has issued a new decision regulating works related to gas supply in buildings. The regulation sets forth the mandatory requirements and controls for overseeing all...

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Wilo, Masdar sign deal to drive green energy and efficiency

Wilo the multinational technology group and Abu Dhabi Future Energy Company Masdar the UAE s clean energy leader have entered into a cooperation agreement underlining the importance of efficiency technology...

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Shell brings together 250 industry leaders in Dubai

Shell Lubricants held its Technology Leadership Conference in Dubai marking the first time the event was held in the UAE. The conference attracted 250 senior industry leaders from 16 Middle Eastern Egypt...

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Adnoc Drilling records $341m net profit in Q1

Adnoc Drilling has reported strong financial results for the first quarter of 2025 demonstrating its financial resilience and laying the foundation for another year of growth and success. Key first-quarter...

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Adnoc Distribution post highest Q1 EBITDA

Adnoc Distribution the UAE s largest fuel and convenience retailer reported a record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months...

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Masdar raises $1bn through green bond issuance

Masdar has issued another 1 billion green bond bringing the total outstanding under its green bond program to 2.75 billion and reinforcing the company s global leadership position in sustainable finance....

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TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%

Abu Dhabi National Energy Company (TAQA) one of the largest listed integrated utilities companies in Europe the Middle East and Africa has delivered a 3.8% year-on-year revenue growth reaching AED 14.2...

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Adnoc Gas joins MSCI Emerging Markets Index

Adnoc Gas has been admitted to the MSCI Emerging Markets Index marking a significant milestone in the company s global investment profile. The inclusion effective on June 2 2025 will increase the company...

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Emarat, Oman Transport partner for fuel-efficient trucks

Emirates Petroleum (Emarat) and Oman Transport have signed a contract to strengthen their partnership in the UAE s oil and gas industry. Oman Transport will invest in environmentally friendly fuel-efficient...

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Adnoc L&S Q1 revenue up 41pc year-on-year

Adnoc Logistics and Services (Adnoc L&S) a global energy maritime logistics company reported a 41% year-on-year increase in Q1 revenue to 1 181 million while EBITDA rose by 20% to 344 million. The company...

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Acwa Power's Q1 operating income up 117pc

Acwa Power has reported an 117% increase in operating income for the first quarter ended March 31 2025 reaching SAR 870 million ( 231 million). This was primarily due to higher development business and...

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Dana Gas reports 13pc increase in net profit for Q1

Dana Gas reported a net profit of AED 158 million ( 43 million) for Q1 2025 a 13% increase compared to AED 140 million ( 38 million) in the same period last year despite lower oil prices. The increase...

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Adnoc Drilling wins $806m deal for 3 island rigs

Adnoc Drilling Company has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of 806 million to support expanding operations at the offshore Zakum development...

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