Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News Banking and Finance 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 […] April 14, 2023 Energy Xlinks in talks to boost UK-Morocco project funding British renewable power firm Xlinks is in talks to raise new funding for its proposed plan to build vast solar panel and wind farms in the Moroccan desert that could power more than seven million British homes by 2030. Founder and CEO Simon Morrish said the talks represented “a significant step up in the level […] April 7, 2023 Energy 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 […] March 31, 2023 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 UAE industrial giant pins future on net zero 2050 ambitions Emirates Global Aluminium (EGA) – the UAE’s largest industrial company outside those focused on oil and gas – is pinning its future on the country’s decarbonisation efforts as the global market for aluminium remains under pressure. The company said it is committed to producing aluminium more sustainably and, last year, produced 57,000 tonnes of CelestiAL […] March 8, 2023 Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023 Analysis Lattes and logistics drive growth in UAE-Canada trade Tim Hortons coffee shops are the most visible symbol of the trade relationship between the UAE and Canada. The chain has just opened its 250th café in the Gulf – in City Centre Mirdif, Dubai – halfway to its target of 500 outlets in the region. “This milestone is representative of the UAE’s position as […] January 18, 2023 Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023 Transport UAE industrial giant to supply solar aluminium for Nissan cars Emirates Global Aluminium (EGA), the largest non-oil and gas industry company in the UAE, has agreed to supply solar power-produced aluminium to Japan to make Nissan cars. The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan. Automotive body sheet is used […] December 19, 2022 Analysis Energy Adnoc chasing global growth with latest venture Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government. But the company must ensure that any future overseas work does not cannibalise that of the Abu […] December 7, 2022 Posts navigation Previous 1 … 8 9 10 11 Next
Banking and Finance 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 […] April 14, 2023
Energy Xlinks in talks to boost UK-Morocco project funding British renewable power firm Xlinks is in talks to raise new funding for its proposed plan to build vast solar panel and wind farms in the Moroccan desert that could power more than seven million British homes by 2030. Founder and CEO Simon Morrish said the talks represented “a significant step up in the level […] April 7, 2023
Energy 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 […] March 31, 2023
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
UAE industrial giant pins future on net zero 2050 ambitions Emirates Global Aluminium (EGA) – the UAE’s largest industrial company outside those focused on oil and gas – is pinning its future on the country’s decarbonisation efforts as the global market for aluminium remains under pressure. The company said it is committed to producing aluminium more sustainably and, last year, produced 57,000 tonnes of CelestiAL […] March 8, 2023
Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023
Analysis Lattes and logistics drive growth in UAE-Canada trade Tim Hortons coffee shops are the most visible symbol of the trade relationship between the UAE and Canada. The chain has just opened its 250th café in the Gulf – in City Centre Mirdif, Dubai – halfway to its target of 500 outlets in the region. “This milestone is representative of the UAE’s position as […] January 18, 2023
Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023
Transport UAE industrial giant to supply solar aluminium for Nissan cars Emirates Global Aluminium (EGA), the largest non-oil and gas industry company in the UAE, has agreed to supply solar power-produced aluminium to Japan to make Nissan cars. The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan. Automotive body sheet is used […] December 19, 2022
Analysis Energy Adnoc chasing global growth with latest venture Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government. But the company must ensure that any future overseas work does not cannibalise that of the Abu […] December 7, 2022
