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Dewa delivers its strongest H1 in 2025; revenue soars to $3.9bnDubai Electricity and Water Authority (Dewa) has announced its strongest-ever financial results for the first half with its revenue soaring to AED14.6 billion ($3.9 billion), up 6.9% over last year and its net profit registering a 13.2% growth to hit AED2.9 billion ($789 million). More… |
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Mubadala Energy closes US natural gas investment dealMubadala Energy, the international energy company headquartered in Abu Dhabi, today announced the closing of its recently reported strategic investment in the US natural gas sector through its partnership with Kimmeridge, the energy-focused alternative asset manager, and the rebranding of SoT More… |
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Tabreed revenue hits $302m; firm announces first interim dividendNational Central Cooling Company (Tabreed), the world’s leading and most diversified district cooling company, today announced revenues of AED1.11 billion ($302.2 million) and a net profit of AED276 million for the six-month period ended 30 June 2025. More… |
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Dana Gas reports $73m net profit for H1Dana Gas, the Middle East’s largest regional private sector natural gas company, has delivered resilient performance in H1 2025 with AED270 million ($73 million) net profit, due to strong operation in KRI and new investment momentum in Egypt underpinning results despite lower prices. More… |
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AVTL to develop new liquid products terminal in JNPA MumbaiAVTL, the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas, has announced a positive final investment decision to build a greenfield terminal for 132,000 cbm LPG and 318,000 cbm liquid products and a LPG bottling plant of 35,000MT capacity in More… |
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Emerge, EDB to collaborate on developing solar projects in UAEEmerge, a joint venture between Masdar and the EDF Group, and Emirates Development Bank (EDB), the UAE’s key financial engine for economic diversification and industrial transformation, have signed an agreement to explore areas of collaboration in developing and financing distributed so More… |
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Pembina enters into LPG export agreement with AltaGasPembina Pipeline, a leading energy transportation and midstream service provider, has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (bpd) of liquified petroleum gases (LPG) export capacity at AltaGas’ current Ridley Island Propane Export Termin More… |
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Eversheds Sutherland advises SPPC on $8.2bn Saudi renewable energy dealGlobal law firm Eversheds Sutherland said its cross-practice, multi-office team has advised Saudi Power Procurement Company (SPPC) on a landmark portfolio of seven renewable energy projects in Saudi Arabia, comprising five solar PV and two wind developments. W More… |
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Bahrain Development Bank wins big at Asian Banking Awards 2025Bahrain Development Bank (BDB) has snapped up two prestigious accolades at the Asian Banking & Finance Awards 2025 held in Singapore. A leading financial entity, BDB was established by the Government of Bahrain to promote investments in the country. More… |
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GCMD, Intercargo to drive decarbonisation in dry bulk shippingThe Global Centre for Maritime Decarbonisation (GCMD) and the International Association of Dry Cargo Shipowners (Intercargo) have formed a two-year coalition partnership to accelerate decarbonisation efforts in the dry bulk segment. This partnership combines G More… |
