Company Insights Masdar Renewable Energy Masdar News Sustainability Acwa Power faces $47m loss in Morocco solar plant outage Saudi Arabia’s Acwa Power estimates it will incur a revenue loss of $47 million following a breakdown at one of its Morocco renewable energy plants. The 150-megawatt Noor III solar power plant will face a “forced outage” until November 2024 due to a leak in the molten salt hot tank, the company said in a […] March 25, 2024 Renewable Energy Masdar to buy 50% stake in US green energy producer UAE’s clean energy company Masdar has signed a deal to acquire a 50 percent stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US. Masdar will buy the stake from Energy Capital Partners, a US investment company. No financial details on the deal were shared. Igneo Infrastructure […] March 20, 2024 Trade Cenomi’s Uzbekistan debut a sign of Saudi trade ambitions Saudi retail major Cenomi has announced its debut in Uzbekistan in tandem with the kingdom’s efforts to expand bilateral trade with the Central Asian nation. Uzbekistan is Cenomi’s 11th-largest international market, and it has signed a deal to open eight international brands – including a flagship Zara store – at the newly developed Tashkent City […] March 13, 2024 Analysis Trade Digital economy focus of UAE-Malaysia trade talks The UAE is expected to sign a free trade deal with Malaysia by the end of June as the latter courts more investment to develop its digital economy. Talks on establishing a comprehensive economic partnership agreement (Cepa) began last year and Tengku Zafrul Abdul Aziz, Malaysia’s minister of investment, trade and industry, said the two […] March 13, 2024 Renewable Energy Masdar opens solar energy plant in the Caribbean A hurricane-resistant solar power project developed by Abu Dhabi’s clean energy company Masdar for Antigua and Barbuda is now operational. Situated on Barbuda, the plant is designed to survive 265 km-per-hour winds and provide a safe and sustainable supply of electrical power for the island. The Green Barbuda project is part of the $50 million […] March 12, 2024 Energy Masdar to build solar plants for UAE defence ministry Abu Dhabi’s clean energy giant Masdar and the UAE defence ministry have agreed to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between Masdar and France’s EDF Group, will provide a full turnkey solution for the projects for 25 years, including finance, design, procurement, construction, operations, and maintenance. No other project details were […] March 8, 2024 Opinion Oil & Gas Black gold and realpolitik define GCC-China relations China is playing a growing role in energy transition and economic diversification across all Gulf states March 4, 2024 Renewable Energy Masdar acquires 49% stake in UK’s offshore wind farms Abu Dhabi’s renewable energy company Masdar has acquired a 49 percent stake in the 3-gigawatt (GW) Dogger Bank South (DBS) offshore wind farm project in the UK, as part of its global expansion drive. The acquisition is part of the planned £11 billion ($14 billion) joint investment with Germany’s renewables major RWE to support net-zero […] March 1, 2024 Real Estate Abu Dhabi residential sales buoyed by off-plan purchases Property sales in Abu Dhabi’s residential sector were up 83 percent year on year in 2023 as a raft of new launches enticed buyers to the off-plan market. There were more than 8,000 units introduced to meet growing demand in the UAE capital, with under-construction properties accounting for three quarters of the 11,200 transactions last […] February 29, 2024 Analysis Construction Localisation shields Saudi builders from Red Sea crisis Houthi attacks in the Red Sea may have been disrupting the construction supply chain into Saudi Arabia but companies, in particular larger ones, are adapting to the challenge. Since November, the Yemeni militia has launched dozens of attacks on commercial vessels on their way to or from the Suez Canal, forcing many global shippers to […] February 28, 2024 Posts navigation Previous 1 … 9 10 11 … 26 Next
Sustainability Acwa Power faces $47m loss in Morocco solar plant outage Saudi Arabia’s Acwa Power estimates it will incur a revenue loss of $47 million following a breakdown at one of its Morocco renewable energy plants. The 150-megawatt Noor III solar power plant will face a “forced outage” until November 2024 due to a leak in the molten salt hot tank, the company said in a […] March 25, 2024
Renewable Energy Masdar to buy 50% stake in US green energy producer UAE’s clean energy company Masdar has signed a deal to acquire a 50 percent stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US. Masdar will buy the stake from Energy Capital Partners, a US investment company. No financial details on the deal were shared. Igneo Infrastructure […] March 20, 2024
Trade Cenomi’s Uzbekistan debut a sign of Saudi trade ambitions Saudi retail major Cenomi has announced its debut in Uzbekistan in tandem with the kingdom’s efforts to expand bilateral trade with the Central Asian nation. Uzbekistan is Cenomi’s 11th-largest international market, and it has signed a deal to open eight international brands – including a flagship Zara store – at the newly developed Tashkent City […] March 13, 2024
Analysis Trade Digital economy focus of UAE-Malaysia trade talks The UAE is expected to sign a free trade deal with Malaysia by the end of June as the latter courts more investment to develop its digital economy. Talks on establishing a comprehensive economic partnership agreement (Cepa) began last year and Tengku Zafrul Abdul Aziz, Malaysia’s minister of investment, trade and industry, said the two […] March 13, 2024
Renewable Energy Masdar opens solar energy plant in the Caribbean A hurricane-resistant solar power project developed by Abu Dhabi’s clean energy company Masdar for Antigua and Barbuda is now operational. Situated on Barbuda, the plant is designed to survive 265 km-per-hour winds and provide a safe and sustainable supply of electrical power for the island. The Green Barbuda project is part of the $50 million […] March 12, 2024
Energy Masdar to build solar plants for UAE defence ministry Abu Dhabi’s clean energy giant Masdar and the UAE defence ministry have agreed to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between Masdar and France’s EDF Group, will provide a full turnkey solution for the projects for 25 years, including finance, design, procurement, construction, operations, and maintenance. No other project details were […] March 8, 2024
Opinion Oil & Gas Black gold and realpolitik define GCC-China relations China is playing a growing role in energy transition and economic diversification across all Gulf states March 4, 2024
Renewable Energy Masdar acquires 49% stake in UK’s offshore wind farms Abu Dhabi’s renewable energy company Masdar has acquired a 49 percent stake in the 3-gigawatt (GW) Dogger Bank South (DBS) offshore wind farm project in the UK, as part of its global expansion drive. The acquisition is part of the planned £11 billion ($14 billion) joint investment with Germany’s renewables major RWE to support net-zero […] March 1, 2024
Real Estate Abu Dhabi residential sales buoyed by off-plan purchases Property sales in Abu Dhabi’s residential sector were up 83 percent year on year in 2023 as a raft of new launches enticed buyers to the off-plan market. There were more than 8,000 units introduced to meet growing demand in the UAE capital, with under-construction properties accounting for three quarters of the 11,200 transactions last […] February 29, 2024
Analysis Construction Localisation shields Saudi builders from Red Sea crisis Houthi attacks in the Red Sea may have been disrupting the construction supply chain into Saudi Arabia but companies, in particular larger ones, are adapting to the challenge. Since November, the Yemeni militia has launched dozens of attacks on commercial vessels on their way to or from the Suez Canal, forcing many global shippers to […] February 28, 2024
