Opinion Environment The Gulf can spearhead sustainability through football The beautiful game is a formidable tool for increasing Arab soft power June 21, 2023
Renewable Energy UAE-led consortium to build $10bn wind farm in Egypt A consortium led by Masdar has signed an agreement to secure land in Egypt to build a $10 billion 10gw capacity wind farm. Infinity Power, a joint venture between the UAE’s Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor, signed the deal with Egypt’s New and Renewable Energy […] June 7, 2023
Video length: 1:57 EXCLUSIVE Environment UAE’s Al Suwaidi backs Al Jaber after Cop28 criticism Dr Sultan Al Jaber’s record “speaks for itself”, a senior UAE official has told AGBI. The Emirates government is facing fresh criticism from international media and lawmakers over the oil chief’s appointment to oversee the Cop28 climate summit later this year. Al Jaber oversees UAE oil giant Adnoc, is minister of industry and advanced technology […] June 6, 2023
Manufacturing UAE firms back ethos to ‘make it in the Emirates’ National companies have spent AED31 billion ($8.44 billion) in purchases from UAE-based manufacturers since the inaugural Make it in the Emirates forum last year. This is over a quarter of the figure targeted as part of a decade-long plan. Several companies committed to invest AED110 billion over the next 10 years to buy 300 products […] May 31, 2023
Energy Masdar set to build over 2gw solar projects in Uzbekistan Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Uzbekistan’s energy ministry and ministry of investments, industry and trade to develop new renewable energy projects. The company will develop over two gigawatts (gw) of solar and wind projects and 500 megawatts (mw) hours of battery energy storage at multiple sites across the central […] May 21, 2023
Opinion Energy Time to deploy the ‘silver bullet’ against climate change There is a solution ready to hand in the global warming challenge – technology May 15, 2023
Energy Lootah Biofuels turns gaze to Asia after Maldives deal Lootah Biofuels has signed an agreement with state-owned Fenaka Corporation, a company serving the island communities of the Maldives, to establish its first biofuel plant outside the UAE. Lootah, which is based in Dubai, said the deal underscored its commitment to expand its reach internationally to meet long-term energy needs through clean alternatives. For the […] May 1, 2023
Banking & Finance Beijing-based AIIB to open first overseas office in UAE Beijing-based multilateral funding agency Asian Infrastructure Investment Bank (AIIB) will open its first overseas office in the UAE as part of its expansion drive. AIIB and the UAE signed a host member agreement to officially open an interim operational hub at the Abu Dhabi Global Market. The UAE joined as a founding and permanent member […] April 20, 2023
Opinion Environment Al Jaber reveals why he’s right choice to lead Cop28 Conference host chooses to give first interview to critics April 13, 2023
Energy 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 […] April 12, 2023
Energy Abu Dhabi’s Borouge to pay $650m in dividends for 2022 Abu Dhabi-listed petrochemicals company Borouge will pay a final dividend of $650 million for 2022. The payout was approved by shareholders at the annual general meeting on Monday and will be distributed in April, state-owned WAM news agency reported. The Abu Dhabi Securities Exchange-listed company has confirmed dividends of $1.3 billion in 2023. Sultan bin […] March 14, 2023
Opinion Energy Lessons for Europe from Biden, the Gulf and CERAWeek The President's $370bn renewable incentives were the talk of the energy conference in Houston March 10, 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
Trade Bahrain, Egypt, Jordan and UAE sign $2bn of industrial deals Businesses from the UAE, Egypt, Jordan and Bahrain have signed industrial deals valued at more than $2 billion at a government-backed gathering in Amman. The meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development, held on Sunday, brought together CEOs and the industry ministers of the four countries. Twelve agreements were […] 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
Energy Adnoc Gas IPO tipped to break record for Abu Dhabi exchange Adnoc’s listing of its gas business could take place as soon as this month – and become the largest IPO on the Abu Dhabi Securities Exchange, according to reports. The state-owned oil giant is looking at a valuation of at least $50 billion for Adnoc Gas, two sources close to the matter have told Reuters. […] February 3, 2023
Opinion Cop28 Everyone needs a seat at the Cop28 table, including oil CEOs Sustainability, security and stability must be carefully balanced as we move towards net zero. The energy industry can and should take a leading role January 26, 2023
Opinion Environment UAE must deliver tangible results at Cop28 to quiet the critics Host nation faces intense scrutiny but has credentials to come up with the goods January 23, 2023
Energy Masdar chief: Everyone is on board with climate change Once viewed with scepticism, the discussion around climate change and securing a sustainable energy pathway to net zero has now become the accepted mainstream view, according to the CEO of Masdar. Founded 16 years ago, the UAE-owned renewable energy firm has a presence in 40 countries, with a capacity of 20gw, made up of operational […] January 18, 2023
Energy UAE’s Masdar to develop 4GW renewable projects in Azerbaijan UAE’s renewable energy firm Masdar has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (Socar) for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, state-owned WAM news agency reported. The projects will have a total combined capacity of 4 gigawatts (GW). Sultan bin Ahmed […] 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
Energy UAE and US allocate $20bn to fund 15GW renewable projects The UAE and the United States said that the first $20 billion of their $100 billion clean energy partnership will fund 15 new gigawatts (GW) of renewable energy projects before 2035, state-own WAM news agency reported. The investments, led by the UAE’s renewable energy company Masdar and a consortium of US private investors, will be […] January 16, 2023
