ABU DHABI / WAM A senior official announced a commitment to a new solar project in Abu Dhabi that is expected to set a new record. “I am excited to announce a new 2 gigawatt (GW) solar project in Al Dhafra region in Abu Dhabi. This will eclipse the record-breaking 1GW Noor Abu Dhabi Plant,” said Dr Thani bin Ahmed ...

Bloomberg DP World Plc is in “very advanced” discussions to acquire Topaz Energy & Marine Plc in what would be the Dubai-based company’s first venture into the oil and gas sector. The world’s largest port operator also said in a statement that there is no certainty of a transaction. Sky News reported earlier that a $1.3 billion deal could be ...

SHARJAH / WAM Dana Gas has announced that it received payments of $48 million (AED177 million) from its operations in Egypt in June. These collections comprise $38 million in payments from the government (of which $30 million as Dana Gas’ share of the industry payment) and $10 million from the sale of the second El Wastani condensate shipment in 2019. ...