Company Insights Masdar Renewable Energy Masdar News Energy Saudi teams up with Iceland to explore its geothermal potential Iceland is helping Saudi Arabia to explore its geothermal power resources as the kingdom accelerates its transition away from hydrocarbons. The Saudi Industrialisation and Energy Services Company (also known as Taqa) and Reykjavik Geothermal have signed a joint venture agreement to establish Taqa Geothermal Energy, headquartered in Riyadh. The deal comes as research shows that Saudi […] March 16, 2023 Logistics UAE issues first licence to test electric cargo planes The UAE has issued its first licence for electric cargo planes as it steps up efforts to support sustainable transport technology. The Emirati government’s Regulations Lab issued the licence to US shipping giant UPS, to test electric vertical takeoff and landing (eVTOL) aircraft in the UAE. The agency said in a statement that the licence […] March 14, 2023 Analysis Aviation UAE firms at forefront of fuelling sustainable aviation Emirates operated its first flight with one of its engines powered entirely with sustainable aviation fuel last month – a milestone for UAE firms as they seek to lead the industry towards decarbonisation. The flight, which took off from Dubai International Airport and flew for more than an hour, was a showpiece event for the […] March 13, 2023 EXCLUSIVE Energy Oracle Energy looks to the Gulf after Pakistan hydrogen project Oracle Energy – a joint venture between UK-listed Oracle Power and an investment vehicle of Dubai royal Sheikh Ahmed Dalmook Al Maktoum – is “open” to developing clean energy projects in the Gulf. With its debut green hydrogen plant planned in Pakistan, Oracle Energy co-founder Naheed Memon told AGBI: “Expanding in the Middle East is […] March 8, 2023 Dubai firms head to Central Asia to build trade relationships A delegation of business leaders from Dubai will be heading to Central Asia next week to build on a non-oil trade relationship worth more than $2.4 billion. Dubai International Chamber said the first New Horizons trade mission – a new initiative to drive international expansion of its members to new markets – will focus on […] March 6, 2023 Energy French oil firm acquires stake in Abu Dhabi’s upstream assets French oil company TotalEnergies has acquired the upstream assets in the UAE of Spanish energy company Cepsa, it was announced on Wednesday. The deal covers the purchase of a 20 percent stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major […] March 2, 2023 Energy Masdar pledges $1.2bn for UK’s battery storage industry UAE state-owned renewable energy giant Masdar has reaffirmed its commitment to developing the UK’s battery storage industry with a $1.21 billion capital investment. Speaking on the second day of International Energy Week in London, Mohamed Jameel Al Ramahi, CEO of Masdar said: “I’d like to announce that we have committed to deploy £1 billion across […] March 2, 2023 Energy Masdar enters geothermal market with stake in Indonesia business Clean energy powerhouse Masdar has announced its first investment in the geothermal energy sector. The Abu Dhabi state-owned business has invested in Pertamina Geothermal Energy, based in Jakarta. PGE is one of the biggest companies in Indonesia’s geothermal energy sector, which is the second largest in the world (behind the US). Geothermal energy harnesses the […] February 27, 2023 Energy Masdar’s Baynouna solar park to help Jordan meet climate targets The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has launched the 200-megawatt (MW) Baynouna Solar Park, the largest clean energy project in Jordan. The solar park will contribute to Jordan’s climate targets, provide access to clean energy, create jobs […] February 27, 2023 Finance $5bn of trade on the table as Abu Dhabi and Israel grow ever closer A top level delegation of 10 Abu Dhabi entities has returned from Tel Aviv as experts predict bilateral trade between the UAE and Israel could reach $5 billion by 2025. Led by the Abu Dhabi Investment Office (Adio), the delegation included Abu Dhabi Global Market, Abu Dhabi Residents Office, Hub71, Abu Dhabi IPO Fund, Masdar […] February 23, 2023 Posts navigation Previous 1 … 19 20 21 … 26 Next
Energy Saudi teams up with Iceland to explore its geothermal potential Iceland is helping Saudi Arabia to explore its geothermal power resources as the kingdom accelerates its transition away from hydrocarbons. The Saudi Industrialisation and Energy Services Company (also known as Taqa) and Reykjavik Geothermal have signed a joint venture agreement to establish Taqa Geothermal Energy, headquartered in Riyadh. The deal comes as research shows that Saudi […] March 16, 2023
Logistics UAE issues first licence to test electric cargo planes The UAE has issued its first licence for electric cargo planes as it steps up efforts to support sustainable transport technology. The Emirati government’s Regulations Lab issued the licence to US shipping giant UPS, to test electric vertical takeoff and landing (eVTOL) aircraft in the UAE. The agency said in a statement that the licence […] March 14, 2023
Analysis Aviation UAE firms at forefront of fuelling sustainable aviation Emirates operated its first flight with one of its engines powered entirely with sustainable aviation fuel last month – a milestone for UAE firms as they seek to lead the industry towards decarbonisation. The flight, which took off from Dubai International Airport and flew for more than an hour, was a showpiece event for the […] March 13, 2023
EXCLUSIVE Energy Oracle Energy looks to the Gulf after Pakistan hydrogen project Oracle Energy – a joint venture between UK-listed Oracle Power and an investment vehicle of Dubai royal Sheikh Ahmed Dalmook Al Maktoum – is “open” to developing clean energy projects in the Gulf. With its debut green hydrogen plant planned in Pakistan, Oracle Energy co-founder Naheed Memon told AGBI: “Expanding in the Middle East is […] March 8, 2023
Dubai firms head to Central Asia to build trade relationships A delegation of business leaders from Dubai will be heading to Central Asia next week to build on a non-oil trade relationship worth more than $2.4 billion. Dubai International Chamber said the first New Horizons trade mission – a new initiative to drive international expansion of its members to new markets – will focus on […] March 6, 2023
Energy French oil firm acquires stake in Abu Dhabi’s upstream assets French oil company TotalEnergies has acquired the upstream assets in the UAE of Spanish energy company Cepsa, it was announced on Wednesday. The deal covers the purchase of a 20 percent stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major […] March 2, 2023
Energy Masdar pledges $1.2bn for UK’s battery storage industry UAE state-owned renewable energy giant Masdar has reaffirmed its commitment to developing the UK’s battery storage industry with a $1.21 billion capital investment. Speaking on the second day of International Energy Week in London, Mohamed Jameel Al Ramahi, CEO of Masdar said: “I’d like to announce that we have committed to deploy £1 billion across […] March 2, 2023
Energy Masdar enters geothermal market with stake in Indonesia business Clean energy powerhouse Masdar has announced its first investment in the geothermal energy sector. The Abu Dhabi state-owned business has invested in Pertamina Geothermal Energy, based in Jakarta. PGE is one of the biggest companies in Indonesia’s geothermal energy sector, which is the second largest in the world (behind the US). Geothermal energy harnesses the […] February 27, 2023
Energy Masdar’s Baynouna solar park to help Jordan meet climate targets The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has launched the 200-megawatt (MW) Baynouna Solar Park, the largest clean energy project in Jordan. The solar park will contribute to Jordan’s climate targets, provide access to clean energy, create jobs […] February 27, 2023
Finance $5bn of trade on the table as Abu Dhabi and Israel grow ever closer A top level delegation of 10 Abu Dhabi entities has returned from Tel Aviv as experts predict bilateral trade between the UAE and Israel could reach $5 billion by 2025. Led by the Abu Dhabi Investment Office (Adio), the delegation included Abu Dhabi Global Market, Abu Dhabi Residents Office, Hub71, Abu Dhabi IPO Fund, Masdar […] February 23, 2023
