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Saudi Acwa inks deals for green hydrogen, power exports to Europe

Saudi utility major Acwa Power has announced the signing of MoUs with its key international partners in a move aimed at creating a green hydrogen and renewable energy export value chain between the Kingdom...

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OQAE, Naqaa sign agreement to develop wind power projects

OQ Alternative Energy (OQAE) has signed an agreement with Naqaa Sustainable Energy to jointly develop a series of wind power projects across the Wilayats of Duqm Mahout and Sadah located in the Dhofar...

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Adnoc transfers 24.9pc of OMV's shareholding to XRG

Abu Dhabi National Oil Company (Adnoc) has announced its intention to transfer its 24.9 per cent shareholding in OMV to XRG its wholly-owned international investment company. This transfer which is subject...

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Saudi renewables projects capacity hit 6,551MW by end of 2024

The Saudi Arabia General Authority for Statistics (GASTAT) released its renewable energy statistics for 2024 revealing that five solar energy projects were commissioned with a combined capacity of 3 751...

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DEWA deploys AI to boost energy distribution efficiency

Dubai Electricity and Water Authority (DEWA) is implementing artificial intelligence (AI) in energy distribution to improve network efficiency and service reliability. The initiative is part of DEWA s...

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KSIADC, Biofuel Company to boost sustainable energy use

King Salman International Airport Development Company (KSIADC) a PIF-owned company signed a memorandum of understanding with Biofuel Company to collaborate on deployment of B100 biodiesel as a fossil diesel...

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ENOC Group names Lootah as Acting CEO

ENOC Group a leading integrated global energy player has announced the appointment of Hussain Sultan Lootah as its Acting Chief Executive Officer. An industry veteran with three decades of leadership experience...

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Adnoc's Hail, Ghasha project hits 'sail-out' milestone

Adnoc s Hail and Ghasha mega-project has met a key development milestone having completed the sail-out and installation of critical offshore facility structures from the NMDC Energy Yard in Mussafah Abu...

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ACWA enters key deals to export green hydrogen, renewables to Europe

ACWA Power has signed agreements and memoranda of understanding (MoUs) with several international partners aimed at creating a green hydrogen and renewable energy export value chain between Saudi Arabia...

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Emirates Gas signs MoU with UAQ Free Trade Zone Authority

Emirates Gas a wholly owned subsidiary of ENOC Group has signed a Memorandum of Understanding (MoU) with the Umm Al Quwain Free Trade Zone Authority (UAQ FTZ) one of the leading and most cost-effective...

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Tadweer acquires waste to energy stake from Masdar

Masdar a leading renewable energy company has divested its stake in the Sharjah Waste-to-Energy plant to Tadweer Group a leader in waste value unlocking. The move brings Tadweer Group and BEEAH the region...

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KSA accounts for two-thirds of Mena's H1 sustainable bonds

Annual issuances of green social sustainable and sustainability-linked bonds (GSSS) in the Middle East and North Africa (Mena) reached 9.47 billion in the first six months of 2025 down slightly from the...

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ADIB mobilises $4bn for sustainability, sets 2030 targets

Abu Dhabi Islamic Bank (ADIB) a leading Islamic financial institution has reported the mobilisation of over AED 17 billion ( 4 billion) in sustainable finance as of year-end 2024 marking continued progress...

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Sipchem picks Achilles to boost its operational excellence

Achilles a global leader in supply chain risk and performance management said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence...

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Saudi Aramco eyes $4bn from major power assets sale

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants three sources with knowledge of the matter told Reuters part of a broader effort to free up funds that could generate tens of...

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KACST, partners unite to boost KSA's graphene, battery tech

King Abdulaziz City for Science and Technology (KACST) the Oil Sustainability Program (OSP) and Ceer have signed a cooperation agreement to develop innovative technologies for converting petroleum coke...

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