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Economy Middle East Summit 2025
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ADNOC
Energy
NMDC Energy profits surge 145 percent to $109.45 million in Q3 2024
Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion
Energy
ADNOC deploys AIQ’s AR360 AI solution in over 30 reservoirs
ADNOC has so far deployed more than 30 AI tools from the control room to the board room
Economy
Abu Dhabi’s Borouge delivers 700,000 tons in first year under Etihad Rail agreement
Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port
Economy
ADNOC JV inks $250 million contracts for two mega ammonia carriers
The agreements were finalized in Abu Dhabi at Jiangnan Shipyard’s first Middle East office opening
Banking & Finance
ADNOC gets all approvals to buy 50 percent plus 1 share stake in Fertiglobe
A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15
Economy
ADNOC Gas leverages 3D printing for 3,500 components, aiming for $50 million in savings by 2028
The adoption of 3D printing offers a sophisticated digital solution for quickly producing high-quality components
Economy
ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million
The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share
Energy
ADIPEC 2024: Global energy industry to explore role of AI, finance in energy transition
Three new conferences to feature new voices from finance, technology, youth and the Global South
Energy
ADNOC International to acquire German chemical firm Covestro
Deal will further drive the diversification of ADNOC’s chemical portfolio
Abu Dhabi’s Fertiglobe approves $150 million interim dividend for H1 2024
This translates to AED551 million or 6.6 fils per share
Energy
ADNOC Drilling announces Turnwell JV to execute $1.7 billion unconventionals contract
Turnwell adopts batch drilling, which is a method that improves efficiency and reduces costs
Banking & Finance
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
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