Bloomberg Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with the matter. The retail arm of ENOC, as the company is known, could be valued at more than ...

ABU DHABI / Reuters Abu Dhabi is pushing ahead with a second solar power plant and will invite bidders by the middle of the year, a top official of the emirate’s utility said on Monday. Last year the Abu Dhabi Water & Electricity Authority (Adwea) closed a $872 million financing package for its first solar power plant with capacity of ...

Abu Dhabi / Reuters First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar. First Abu Dhabi Bank priced the deal last ...

Dubai / WAM The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm. DLD held a press conference in the presence of Sultan Butti bin Mejren, Director-General of DLD, Majida Ali Rashid, Assistant Director-General and Head of the Real Estate Investment Management and Promotion ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, honoured the nine winners of the Zayed Future Energy Prize 2018, during an award ceremony held on Monday in Abu Dhabi, as part of Abu Dhabi Sustainability Week. The tenth edition of this key ...

Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, on Monday unveiled the all-electric Eco-Bus at the Abu Dhabi Sustainability Week (ADSW). A template for future sustainable public transport solutions, the working prototype was jointly developed by Masdar and Abu Dhabi-based Hafilat Industry in collaboration with the Masdar Institute, part of Khalifa University of Science and Technology. Technology partner ...

Dubai / WAM Expo 2020 Dubai, in collaboration with the Ministry of Climate Change and Environment and the Ministry of Education, on Monday launched the ‘Sustainability Champions’ programme for all schools across the UAE aimed at leaving a lasting renewable energy legacy for the nation. Public and private schools have an opportunity to showcase how they are playing their part ...

Abu Dhabi / WAM The Emirates Central Cooling Systems Corporation, Empower, is participating at the 11th World Future Energy Summit (WFES) at ADNEC. The company highlighted the role of energy and water efficiency in the future of sustainable cooling and is also showcasing the latest model of its energy-efficient district cooling plant in Business Bay. Empower underlined the sustainable features ...

Abu Dhabi / WAM Business France, the national agency supporting the international development of the French economy, will once again be organising the French Pavilion at the World Future Energy Summit (WFES), from January 15-18, in partnership with Club ADEME International and Syndicat des energies renouvelables. As the GCC holds real potential for French energy companies, the regional markets, in ...

Abu Dhabi / Emirates Business Abu Dhabi on Monday unveiled the world’s largest reserve of high quality desalinated water, secured in a network of 315 recovery wells lying up to 80 meters below the Liwa Desert. The wells are fed by one of UAE’s longest water pipeline networks which runs the water from Shuweihat desalination plant at a rate of ...