Adnoc Distribution announced shareholders approved all AGM agenda items, including a $350 million (AED 1.28 billion) final cash dividend for H2 2025, equal to 10.285 fils per share, payable in April 2026....
The UAE has increased fuel prices sharply for April 2026 amid rising oil prices globally, following the Middle East conflict and closure of Strait of Hormuz by Iran....
Emirates Water and Electricity Company (Ewec) has announced that it has received four competitive proposals for the development of Al Nouf 1 Independent Power Producer (IPP) project. The country's largest single-site carbon-capture-ready CCGT plant, it will generate up to 3.3GW power once operational. ...
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported....
Adnoc confirms ongoing operations amid regional disruptions, activating safety protocols, managing offshore production, using alternative export routes, maintaining onshore activities, and proactively communicating with customers to ensure supply continuity and protect people, assets, and facilities....
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE. ...
Adnoc Logistics & Services (Adnoc L&S) posted strong Q4 2025 and record full-year results, with $5.016 billion revenue—a 41 per cent increase—driven by market demand and operations. Over 60 per cent of combined revenue with AW Shipping comes from long-term, recurring contracts, boosting earnings visibility and market resilience. ...
Progress on the BorWin6 Project advances with the completion of a fabrication yard in Jebel Ali, UAE. Mammoet has handled the transport, loadout, and mooring of the 5,461-tonne offshore jacket foundation, which will support the BorWin6 offshore converter platform, BorWin kappa, in the German North Sea....
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%. ...
The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility have launched a pilot using Phaidra’s AI technology to improve energy efficiency across data centres and district cooling. The initiative will test advanced AI control systems to optimise AI infrastructure operations. ...
Bhutan’s Prime Minister Tshering Tobgay highlighted strong, growing relations with the UAE, emphasising opportunities in trade, investment, and sustainability. Speaking at World Governments Summit (WGS) 2026, he stressed deepening cooperation in key economic sectors, leveraging Bhutan’s significant renewable energy potential. ...
GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....
US private equity firm Carlyle has begun talks with UAE investors to bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...
McDermott, a leading provider of engineering and construction solutions to the energy industry, has announced that it has secured a major EPCI contract (in the range of $750 million to $1 billion) from Adnoc for its Nasr-115 Expansion Project, located 130km northwest of Abu Dhabi. ...
Adnoc Gas, a major unit of Abu National Oil Company (Adnoc) and its subsidiaries announced the signing of a sales and purchase agreement valued at between $2.5 billion - $3 billion for a period of 10 years with Hindustan Petroleum Corporation Limited (HPCL)....
Abu Dhabi-based Global South Utilities (GSU) said it acquired a 51 per cent stake in 40Capital, an Emirati renewable energy company specialising in run-of-the-river hydro projects across the Commonwealth of Independent States (CIS), with a primary focus on Kyrgyzstan....
UAE Ministry of Energy and Infrastructure (MoEI) has announced plans to form a new joint venture with BEEAH, the region’s leading sustainability and innovation pioneer, and LOHUM, India’s largest diversified producer of sustainable critical minerals and advanced materials....
UAE-based Global South Utilities (GSU) has announced a strategic industrial collaboration with Weiheng, a Chinese global manufacturer of battery energy storage systems (BESS), aimed at localising advanced clean-energy manufacturing in Abu Dhabi and supporting the UAE’s industrial development, energy transformation, and Global South supply-chain ambitions....
The UAE is strengthening its global leadership in sustainable energy through strategic investments accelerating the clean energy transition, with installed renewable energy capacity now exceeding 7.7GW, said Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure....
NMDC Group, through its subsidiary NMDC Infra, and Consolidated Contractors Company (CCC) have formed NMDCCC, a strategic joint venture. The new company will deliver full-spectrum engineering, procurement, and construction (EPC) services to the UAE’s onshore oil and gas sector....
