Economy Middle East

ADNOC

UAE, France forge agreement to establish bilateral climate investment platform
Sustainability

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
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
Logistics

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
Sustainability

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
Energy

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
Energy

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
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