ABU DHABI/WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements that will advance the development of floating solar power projects in Southeast Asia’s largest energy market. The companies signed a Memorandum of Understanding (MoU) to develop a floating solar power plant at the ...

ABU DHABI/WAM United Global Ro-Ro, the joint venture between Noatum Maritime (part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has celebrated a key milestone with the maiden call of its first LNG-powered Pure Car and Truck Carrier (PCTC) at Autoterminal Khalifa Port. As the JV’s inaugural deployment, the arrival of UGR Al Samha marks the beginning of ...

ABU DHABI/WAM The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7 percent, or AED1.59 billion, in January, reaching AED24.571 billion by the end of the month, up from AED22.981 billion at the end of December 2024. According to the CBUAE’s Monthly Statistical Bulletin for January issued on Friday, demand deposits grew to over ...