ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) said on Tuesday it would implement a host of measures to increase energy efficiency by 10 percent by 2020. The energy efficiency strategy will reduce ADNOC’s gas consumption by 156 million cu. ft a day, thus saving a total of US$1 billion by that time. The initiatives to …

  ABU DHABI / WAM The UAE announced a landmark new US$50 million grant fund for renewable energy projects in Caribbean island countries. Launched by Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, the UAE-Caribbean Renewable Energy Fund represents one of the largest-ever single investments in the region’s clean energy sector, as well as a significant deepening …

  ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD) met a delegation from Costa Rica led by Luis Guillermo Solís, President of Costa Rica, at the Emirates Palace in Abu Dhabi. Welcoming the delegates, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, discussed bilateral relations between the UAE and Costa Rica with the visiting President …