The world’s largest residential tower will have 1,701 residential units and Empower will supply 7,200 RTs to the project
Energy
Oman’s Hydrom announces $11bn of green hydrogen deals
Oman announces major green hydrogen investment as Hydrom ramps up production
Dubai rain recovery plan; UAE petrol prices; real estate investment tips; Schengen visa changes; tax warning – 10 things you missed this week
Dubai rain recovery plans, UAE petrol prices set to change, real estate investment analysis and more of the biggest news stories this week
‘Think bigger, act bolder’: COP28 President calls for bolder climate action, touts AI as potential ‘gamechanger’
Dr Sultan Al Jaber urges governments to align climate plans with UAE Consesus
UAE petrol prices to change for May 2024
UAE petrol prices went up last month, following three consecutive months of cuts and will change again this week
Empower to provide district cooling to the iconic Al Wasl Tower
To be connected in two phases, it will supply a total of 3,900 RT of environment-friendly district cooling energy
Dubai’s critical water desalination plant reaches financial closure
Along with Saudi Arabia’s ACWA Power, DEWA building the $920 million Hassyan Seawater Reverse Osmosis project
DEWA plans over 150% increase in green charging stations by end 2025
Currently, there are 390 charging stations and DEWA plans to increase the number to 1,000 by end of next year
Abu Dhabi’s TAQA confirms its interest in $22 billion Spanish energy giant Naturgy
Pursuing a “potential cooperation” with Criteria Caixa, as well as possible acquisition of shares with CVC and GIP
Masdar City has $1.1bn of projects in design phase, targets AI, space, agriculture and energy sector
Masdar City already has more than $272m of projects under construction
Boris Johnson, Bertrand Piccard to headline Masdar’s Green Hydrogen Summit in Abu Dhabi
Masdar’s second summit on green hydrogen is slated to take place on April 16
Abu Dhabi considered major bid to buy BP: reports
Abu Dhabi-backed energy giant explored possibility of purchasing oil giant BP
OPEC: Global oil demand to rise by 2.25m bpd this year
OPEC says global oil demand will grow in 2024 and 2025
Saudi Arabia invites mineral exploration bids from international companies
Global investors interested in participating in the EEP must focus on exploration of Copper, Lithium, Nickel, Gold and Iron ore
DEWA’s digital services achieve AED470mn in savings for customers in 2023
The new digital policy initiative also helped the organization to make a saving of AED 35 mn, besides avoiding 41,470 tonnes of carbon emissions
UAE, Qatar, Kuwait and Oman announce Eid holidays; Dubai plastic bag ban; petrol price increased; real estate analysis – 10 things you missed this week
The UAE, Qatar, Kuwait and Oman announce Eid holidays; Dubai plastic bag ban; petrol price revealed, real estate investment analysis and more of the top news stories this week
Empower says cooling services consumption up 54% in last five years
Attributes it to high occupancy rates in existing real estate projects and a significant increase in the new mixed-use projects in its portfolio