ABU DHABI / WAM Aldar Properties PJSC has signed an agreement to divest its two district cooling assets on Abu Dhabi’s Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million. Aldar had purchased a 100 percent stake in Saadiyat District Cooling LLC (SDCL) and an 85 percent stake in Saadiyat Cooling LLC ...

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project — Uzbekistan’s first successfully-financed independent power producer solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s Ministry ...

FUJAIRAH / WAM Stockpiles of oil products at the Port of Fujairah fell 4 percent in the week to December 21, with the biggest decline recorded in middle distillates, the latest data from the Fujairah Oil Industry Zone (FOIZ) showed. The total stood at 23.684 million barrels, a drop of 900,000 barrels from the previous week, according to the data ...