![]() |
German group to build big heat exchanger facility in DubaiJebel Ali Free Zone (Jafza) has announced that it has signed an agreement with leading German technology group Allied Heat Exchange AG (A-HEAT) to develop the largest heat exchanger production facility in the GCC. Spanning 1.2 million sq ft, the built-to-suit More… |
![]() |
ASRY allocates repair berth for building material shipmentsThe Arab Shipbuilding and Repair Yard (ASRY) has designated one of its repair berths to handle large shipments of construction materials, working with the Bahrain's Ministry of Industry and Commerce, the Ministry of Works, and the Ministry of Transportation and Telecommunications, along w More… |
![]() |
Aramco executive elected to US National Academy of EngineeringSaudi oil giant Aramco has announced that its Downstream President Mohammed Y. Al Qahtani has been elected as an international member of the prestigious US National Academy of Engineering (NAE). Al Qahtani is the first Saudi citizen elected to the NAE since its foundation in 1964. More… |
![]() |
Arab Energy Fund advances digital transformation with Temenos solutionThe Arab Energy Fund, formerly known as Apicorp, a leading multilateral impact financial institution, has announced the successful implementation of the Temenos Arrangement Architecture Consumer Lending and Facilities Lending solution by Systems Arabia. The im More… |
![]() |
Ewec seeks RFPs for key Abu Dhabi wind power projectEmirates Water and Electricity Company (Ewec) has issued a Request for Proposals (RFP) to all qualified companies for the development of the Al Sila Wind Independent Power Project (IPP), in close proximity to the existing utility-scale wind farm in Al Sila. On More… |
![]() |
Lummus announces first commercial award for SAP technologyLummus Technology, a global leader in process technologies and value-driven energy solutions, has announced an award from SHCCIG Yulin Chemical Co, a subsidiary of the SHCCIG Group, for its superabsorbent polymer (SAP) technology. This marks the first commerci More… |
![]() |
Nabors announces unit's business combination deal with e2Nabors Industries, a leading provider of advanced technology for the energy industry, has announced a business combination agreement between Nabors Energy Transition Corp II (NETD) — a special purpose acquisition company formed by Nabors in 2023 — and e2Companies (e2). More… |
![]() |
Adnoc Drilling reports record $1.3bn net profitAdnoc Drilling Company today reported a record 2024 full-year revenue of $4.03 billion, +32% year-on-year, and net profit of $1.3 billion, +26% year-on-year. Full-year EBITDA was $2.01 billion, +36% year-on-year, yielding a 50% EBITDA margin. &nbs More… |
![]() |
TAQA Group reports net income of $1.93bn for 2024Abu Dhabi National Energy Company (TAQA) has posted a net profit of AED7.1 billion ($1.933 billion) for the year ending December 31, 2024, marking a 1.5% year-on-year increase when excluding one-off items. The company’s total revenue surged 6.7% to AED55.2 billion ($15.03 billion). More… |
![]() |
AquaChemie opens advanced chemical facility in KezadKhalifa Economic Zones Abu Dhabi (Kezad Group), one of the largest operators of integrated and purpose-built economic zones in the region, today (February 12) announced the opening of AquaChemie Global Chemicals' new facility within its integrated economic ecosystem. More… |