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Abu Dhabi’s Taqa net profit reaches AED8bn in 2022

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported positive financial results for the year ended on December 31, 2022. Taqa delivered a very strong performance during the year, which was underpinned by the execution of it its growth strategy, its contracted utilities business and an uplift in commodities prices. Group revenues were to the tune of ...

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Masdar, IFC to advance climate action in emerging markets

  Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has signed an agreement with the International Finance Corporation (IFC), the largest global development institution focussed on the private sector in developing countries, to explore collaboration in supporting climate action for emerging markets. The collaboration framework was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer, ...

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ADFD, IFC to finance sustainable private sector-led projects

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Cooperation (MoC) during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation and adaptation, the adoption of clean technologies, and food security ...

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