Thursday 23 March 2023

Abdulrahman Al-Fageeh named Sabic CEO

Sabic, a global leader in the chemicals industry, has confirmed the appointment of  Abdulrahman Al-Fageeh as Chief Executive Officer and Executive Member of the Board, effective March 21.   Al-Fageeh has served as acting CEO of Sabic since September 28, 202


Nakilat and HSD Engine sign long-term engine services contract

Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service deal for the provision of spares and maintenance necessary to maintain the reliability of engines on board Nakilat’s wholly owned LNG vessels.    This agreement will


Enec signs co-op deal with top Romanian nuclear group

Emirates Nuclear Energy Corporation (Enec) has signed an agreement with top energy group Nuclearelectrica for bilateral cooperation within the nuclear energy sector to support the growth of this critical energy source in tackling the dual challenges of energy security and climate change.


Abu Dhabi to host world’s largest investment forum

Over 600 high-level speakers will participate in more than 160 dialogue sessions at the 12th edition of the Annual Investment Meeting (AIM Global 2023) to be held in Abu Dhabi from May 8 to 10.   Under the theme “The Investment Paradigm Shift: Future Inves


Acwa Power's Padmanathan steps down as CEO

Acwa Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, said its CEO Suntharesan Padmanathan has stepped down from his post after a 18-year long tenure.   He has been replaced by


Aramco, DHL to set up procurement, logistics hub

Aramco, one of the world’s leading integrated energy and chemicals companies, and international contract logistics provider DHL Supply Chain have announced plans to set up a new end-to-end Procurement and Logistics Hub joint venture.   The two companies ha


Majid Al Futtaim in 6.2MWp Bahrain solar plant installation

Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer in the region, today (March 20) inaugurated a 6.2 megawatt-peak solar power plant at The Bahrain Mall, operated by Carrefour Bahrain.    With over 11,500 solar panels instal


Energy concerns impacting business competitiveness: ABB

Businesses around the world remain concerned about the impacts of energy security and prices, which could be a catalyst for a range of environmental, social and economic ripple effects.    According to ABB Electrification’s Energy Insights survey of 2


Apicorp wins top ESG award for carbon offset facility

The Arab Petroleum Investments Corporation (Apicorp), an energy-focused multilateral financial institution, has won the ESG Deal of the Year 2022 by Islamic Finance News (IFN) for its $75 million Murabaha facility to fund high-quality carbon offsets, the first of its kind facility in the MENA r


Taqa sets new dividend policy for 2023-2025; special payout

Abu Dhabi National Energy Company’s (Taqa) shareholders have approved a new dividend policy for 2023-25 based on a combination of fixed and variable dividends at the firm’s Annual General Assembly.   Under the new policy, the company expects to pay a

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