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Musabbeh Al Kaabi Adnoc

Adnoc taking on the world in renewable energy push

Abu Dhabi National Oil Company is in talks to expand operations in the UK, US and East Mediterranean, with a focus on natural gas, hydrogen production and renewable energy storage, its newly appointed global growth director has said.  Musabbeh Al Kaabi, Adnoc’s executive director of low carbon solutions and international growth, told AGBI the company […]

Taqa’s group CEO Jasim Husain Thabet said the company had achieved competitive funding through its latest bond offering

Taqa raises $1.5bn in bonds as order book hits $15bn

Abu Dhabi National Energy Company (Taqa) has raised a combined $1.5 billion in five-year and 10-year dual-tranche senior unsecured notes. The 10-year bonds, sized at $1 billion, were issued at a coupon rate of 4.696 percent, reported state-run WAM news agency, citing a company statement. The net proceeds from Taqa’s first green bond issuance will […]

Abu Dhabi's Taqa will lead the operation and maintenance of Saudi Arabia's Juranah water reservoir project in Makkah

Abu Dhabi’s Taqa plans dual-tranche dollar green bond

Abu Dhabi-listed Abu Dhabi National Energy Company (Taqa) has directed banks ahead of a possible dual-tranche US dollar-denominated green bond issue. The firm planned hold investor calls from Thursday for a benchmark-sized long five-year issue followed by a 10-year green bond, Reuters reported citing a document. Benchmark-sized issuance is at least $500 million. In September […]

Masdar EDF deal

Masdar powers US ops with battery project stake

UAE clean energy firm Masdar has expanded its presence in the US renewables market with the acquisition of a 50 percent stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau in California comprises a 128mw photovoltaic solar plant and a 40mw/160 mwh battery energy storage system.  The […]

Akbar Al Baker, CEO of Qatar Airways, says sustainable aviation fuel is 'exorbitantly expensive'

Qatar Airways CEO calls for aviation fuel overhaul

The boss of Qatar Airways has called for an overhaul of the sustainable aviation fuel market. The airline is buying sustainable aviation fuel (SAF) as it seeks to reduce the environmental impact of air travel. However CEO Akbar Al Baker has labelled the fuel “exorbitantly expensive” and says it is only available in low volumes […]

Masdar reaches financial close on three Uzbek solar projects

Abu Dhabi’s Future Energy Company, Masdar has achieved a financial close on three solar photovoltaic (PV) projects in Uzbekistan.  Construction will begin immediately on the plants, which will have a combined capacity of around 900mw, the firm said in a statement.  Financing for the projects is being provided by the Asian Development Bank, Asian Infrastructure […]

Tashkent, the capital of Uzbekistan,has many attractions but business is fast becoming a major one for the Gulf

Uzbekistan draws in billions of GCC energy investments

Uzbekistan’s energy sector is attracting billions of dollars from the Gulf as the former Soviet republic looks to generate 35 percent of its electricity from renewable sources by 2030.  The central Asian country has an average of 330 sunny days a year and the potential for solar energy is huge, prompting companies such as Saudi-based […]

Mohamed bin Zayed University of Artificial Intelligence will be home to the region's first biocomputing innovation lab
  • Analysis

A new age as Abu Dhabi accelerates its longevity push

Abu Dhabi has grand plans to dominate the multi-billion-dollar longevity sector in the Gulf with the opening of two new facilities. The longevity industry is focused on the science of ageing and its related illnesses. The market is predicted to grow to as much as $32 billion in the UAE by 2026. And the region’s […]