ADNOC

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024

ADNOC generates $500 million value, reduces 1 million tons CO2 by deploying AI across value chain

ADNOC generates $500 million value, reduces 1 million tons CO2 by deploying AI across value chain

The company’s AI integration is driving net-zero emissions and methane reduction goals

UAE’s ADNOC acquires 24.9 percent stake in Austria’s OMV

Banking & Finance

UAE’s ADNOC acquires 24.9 percent stake in Austria’s OMV

The transaction has increased UAE firm’s shareholdings in Borealis and Borouge

ADNOC recognized as top NOC investor in low-carbon solutions: Report

ADNOC recognized as top NOC investor in low-carbon solutions: Report

The company was also ranked 5th largest investor in the industry in 2023

ADNOC Distribution aims for 20 percent expansion in service stations in its new 5-year growth strategy

ADNOC Distribution aims for 20 percent expansion in service stations in its new 5-year growth strategy

The company will allocate $250-$300 million annually for CAPEX

UAE, France forge agreement to establish bilateral climate investment platform

UAE, France forge agreement to establish bilateral climate investment platform

The MoU took place during the 2nd plenary meeting of the UAE-France High-Level Business Council in Paris

BP plans to inject $1.5 billion in new investments in Egypt

BP plans to inject $1.5 billion in new investments in Egypt

BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.

ADNOC L&S achieves $620 million in 2023 net profits

ADNOC L&S achieves $620 million in 2023 net profits

A 138 percent YoY increase

ADNOC Distribution ties up with NWTN to offer EV maintenance services in UAE

ADNOC Distribution ties up with NWTN to offer EV maintenance services in UAE

Introducing authorized quick service stations for range-extended Rabdan one EVs

TAQA net profit up 107 percent at $4.5 billion in 2023

TAQA net profit up 107 percent at $4.5 billion in 2023

Growth driven by strong demand for transmission and distribution services

ADNOC and bp to form gas joint venture to focus on Egypt

ADNOC and bp to form gas joint venture to focus on Egypt

The formation of the JV is expected to be complete later this year.

Alpha Dhabi’s net profit climbs to record AED13.3 billion in 2023

Alpha Dhabi’s net profit climbs to record AED13.3 billion in 2023

Revenue was up 14 percent at AED45.4 billion for the year.