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The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
Net Zero Nuclear is a collaboration between government, and industry leaders and civil society to triple global nuclear capacity to enable net zero by 2050
The UAE has three of the world’s largest solar sites
Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries
ENEC’s CEO highlighted how nuclear can sustainably power energy intensive industries such as datacenters, which utilise 4-5 per cent of total global power supply
The chief sustainability officer talks about the UAE’s growing status as a global driver of sustainability initiatives and explains how public-private sector partnerships can drive decarbonisation
Africa50 and Masdar will also explore opportunities to collaborate on the implementation of the Alliance for Green Infrastructure in Africa
The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m
The LNG supply deal is valued at between $450m to $550m and builds on the bilateral relationship between the UAE and Japan
The company’s board of directors declared a second interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)
The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW
The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex
Tassos Peppas, regional director – Middle East, Turkey and Central Asia at Vertiv shares key solutions in achieving sustainable operations for data centres
Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review
The first gas from Absheron was successfully delivered in early July 2023
The completion is anticipated by the end of the calendar year, subject to regulatory approvals and satisfaction of customary closing conditions
West Texas Intermediate was little changed below $82 a barrel after surging 16 per cent in July
West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April
West Texas Intermediate edged below $80 a barrel on Friday
West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday
The lending group also included First Abu Dhabi Bank acting as lead arranger
The deal represents the continued growth of Aramco’s downstream presence in China
The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week
The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives
Dr Sultan Al Jaber, Masdar chairman and COP28 President-Designate, has been meeting global leaders to build consensus toward solutions that can deliver an equitable energy transition
The two entities agreed to enhance the collaboration in the energy sector, transmission and distribution communication networks
The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements
This investment comes under Multiply+, the group’s sector-agnostic arm