Economy Middle East

ADNOC

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

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.

ADNOC Drilling reports revenues of over $3 billion in 2023
Energy

ADNOC Drilling reports revenues of over $3 billion in 2023

Company outlines ambitious growth plans for 2024 and beyond

WGS 2024: UAE Consensus becomes benchmark for global climate ambition, sustainable development
Sustainability

WGS 2024: UAE Consensus becomes benchmark for global climate ambition, sustainable development

Establishing the COP Presidencies Troika with Azerbaijan and Brazil

ADNOC Gas inks 10-year deal with Indian firm to supply 0.5 million tons of LNG
Sustainability

ADNOC Gas inks 10-year deal with Indian firm to supply 0.5 million tons of LNG

Global demand for LNG rises in sustainable energy transition

ADNOC, TAQA $3.8 billion offshore electrification and decarbonization project begins operations
Sustainability

ADNOC, TAQA $3.8 billion offshore electrification and decarbonization project begins operations

Project involves world's largest power cable-laying vessel, Leonardo da Vinci

UAE leads GCC with IPO proceeds of $6.07 bn in 2023
Markets

UAE leads GCC with IPO proceeds of $6.07 bn in 2023

GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion

ADNOC boosts budget allocation to $23 billion for lower-carbon projects
Sustainability

ADNOC boosts budget allocation to $23 billion for lower-carbon projects

Company also aims to inject $48.5 bn back into UAE economy over next 5 years

ADNOC acquires 10 percent of UK-based Storegga
Sustainability

ADNOC acquires 10 percent of UK-based Storegga

Expanding global footprint into carbon capture and storage initiatives

UAE’s ADNOC inks first 15-year LNG supply deal with China’s ENN
Sustainability

UAE’s ADNOC inks first 15-year LNG supply deal with China’s ENN

Targeting first sales in 2028

Abu Dhabi boosts climate action by planting 44 million mangrove trees
Sustainability

Abu Dhabi boosts climate action by planting 44 million mangrove trees

Abu Dhabi leads in mangrove conservation for a sustainable future

Feeling the pulse of the UAE’s energy transition
Op-eds

Feeling the pulse of the UAE’s energy transition

COP28: Historic agreement propels global transition away from fossil fuels
Sustainability

COP28: Historic agreement propels global transition away from fossil fuels

Deal was approved by nearly 200 countries