Energy

Sheikh Mohamed strengthens UAE-U.S. relations through key dialogues with U.S. senators on shared interests, global challenges

Key focus areas included the economy, trade, climate action, AI, renewable energy, and sustainability

81 percent of new renewables cheaper than fossil fuels, saving $409 billion since 2000: IRENA

Solar PV costs plummet to 4 cents per kWh, 56 percent lower than fossil fuels

Oil prices dip slightly as market reacts to China’s stimulus measures, supply disruptions

Brent oil futures for November delivery dropped 0.1 percent to $75.12 per barrel

Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield

The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets 

UAE, IRENA forge partnership to boost climate ambitions in 20 developing nations

The partnership aims to leverage the UAE’s climate leadership and IRENA’s role in NDC development and sustainable energy transition 

Egypt invests $300 billion in infrastructure development over 10 years, says minister

El Khatib underscored the need to continue infrastructure development to achieve 6 to 7 percent economic growth

Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households

Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia

Oil prices surge as China launches economic stimulus amid Middle East tensions, hurricane threat

Brent crude futures for November climbed by 69 cents, or 0.93 percent, reaching $74.59 a barrel

UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023

The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations

ADNOC Distribution approves $350 million interim cash dividend for H1 2024

ADNOC Distribution to pay the second and final dividend for 2024 in April 2025

Oil prices surge amid rising Middle East tensions, anticipation of Fed rate cuts

Brent oil futures for November rose 0.5 percent to $74.83 per barrel

Oil prices slip as traders lock in profits, weekly rise boosted by U.S. rate cut

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Abu Dhabi launches green bus service: Clean hydrogen and electric vehicles now on Route 65 in Al Reem Island 

The Green Bus service launch highlights Abu Dhabi's commitment to sustainable public transport 

$2.16 billion invested in seven new UAE renewable energy projects from H2 2023 to H1 2024

13 solar projects will add by end of 2024 10.6 GW to UAE’s grid

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

UAE’s MoEI, EtihadWE launch initiative to boost renewable energy adoption in Northern Emirates

Northern Emirates residents can now harness energy with rooftop solar panels

UAE’s Ministry of Energy and Infrastructure partners with Siemens Energy to promote green energy

This partnership will focus on addressing upcoming challenges related to grid infrastructure

Abu Dhabi to soon launch unified water strategy, says DoE Chairman

The comprehensive approach covers all stages of the water cycle, including production, delivery, and consumption

World Utilities Congress 2024 addresses critical challenges in energy transitions, water security

The World Utilities Congress this year is co-located with the 6th Arab Water Forum

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Abu Dhabi’s TAQA announces new unified distribution company, launches new brand identity

This new brand structure is expected to significantly increase awareness and understanding of the scale and breadth of TAQA's utility activity