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Masdar

Masdar News

Sultan Ahmed al Jaber Video length: 03:55

Who is Sultan Al Jaber?

The decision to name Sultan Ahmed Al Jaber to lead the Cop28 climate conference in Dubai has been criticised, as he is also CEO of fossil fuel producer Abu Dhabi National Oil Company (Adnoc). However, the UAE minister of industry and advanced technology also heads renewable energy business Masdar and has other sustainable credentials that […]

Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (C), HE Abiy Ahmed, Prime Minister of Ethiopia and Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President in Addis Ababa

Aid turns to trade as UAE plans Ethiopia investments

The UAE is planning to increase its investments in Ethiopia as the economic relationship between the two countries evolves from aid to trade. More than a dozen memoranda of understanding were signed between public and private entities in Addis Ababa during an official visit to Ethiopia by UAE President Sheikh Mohamed bin Zayed al Nahyan […]

Backed by PIF, Ades Holding operates a fleet of 85 rigs in seven countries

Adnoc Drilling expects hybrid rigs to cut emissions

Investment in hybrid power solutions could cut Adnoc Drilling’s CO2 emissions by as much as 20 percent. The largest national driller for oil in the Middle East is seeking to slash its carbon intensity by a quarter by 2030. The company is set to have more than 140 rigs in operation in the next 18 […]

UAE construction

Developer’s out-of-this-world solution to greener cooling

Floating around in a space station is the ultimate in circular living. Everything from air to food to waste has to be reused or recycled, and all stored within the same tiny enclosed location.  For air conditioning, Nasa made use of a novel system that was more effective in getting rid of flammable gases as […]

Outdoors, Electrical Device, Solar Panels

Dewa selects Masdar to build 6th phase of mega solar park

Dubai Electricity and Water Authority (Dewa) has selected the Abu Dhabi Future Energy Company (Masdar) to build and operate the 1,800 MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. It has an estimated cost of AED5.51 billion ($1.50 billion). The Dubai-listed utility achieved the lowest levelised cost of energy of $1.6215 cents […]

Omani 44.01

Omani firm aims to rock the world by mineralising CO2

Omani carbon mineralisation startup 44.01 plans global expansion after being named a winner of last December’s Earthshot Prize for its innovative technology. The company expects to start work in the UAE on its first pilot project outside Oman mineralising peridotite rock later this year. Peridotite – a rock found in Oman as well as in […]

Baku Azerbaijan

Adnoc gas deal fires up UAE-Azerbaijan ties

Abu Dhabi National Oil Company (Adnoc) is to acquire a 30 percent equity stake in the Absheron gas and condensate field off the coast of Azerbaijan, as part of a plan to grow its international gas business. The deal will allow the state-owned company to facilitate a route into global markets for gas in Europe […]

Masdar green bond

Masdar chief hails ‘defining moment’ in $3bn green fund

The chairman of Abu Dhabi Future Energy Company, better known as Masdar, has described the completion of its debut green bond issuance as a “defining moment”. The $750 million 10-year senior unsecured notes are listed on the London Stock Exchange (LSE) and form the first part of a programme to raise up to $3 billion. […]

Engie wind farm in Egypt

France’s Engie ramps up Middle East renewables push

French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030.   “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […]

James Cleverly and Sheikh Salem Al Sabah met to promote UK GCC trade

Oil and services grow UK-GCC trade to $83bn

Total trade between the UK and GCC countries rose by more than 70 percent to £64.5 billion ($82.7 billion) in the year to the end of March, driven by rising oil prices and a demand for services as Gulf states move to diversify their economies. According to an AGBI analysis of statistics released by the […]