Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) announced on Monday, it has set a new Upstream Methane Intensity target of 0.15 percent by 2025. The new target is the lowest in the Middle East, reinforcing Adnoc’s status as a leader in the responsible production of lower carbon energy. Adnoc’s 0.15 percent methane intensity target means Adnoc will ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of Kyrgyzstan, Sadyr Japarov, attended the exchange of several memoranda of understanding (MoUs) and agreements between the UAE and Kyrgyzstan to enhance cooperation in various fields. The MoUs and agreements exchanged between the two sides at Al Shati Palace included the following: An MoU ...

Bloomberg Poland reached a deal with South Korea to develop the European nation’s second nuclear power plant, accelerating its efforts to become energy independent following Russia’s invasion of Ukraine. Korea Hydro & Nuclear Power Co., a state-run nuclear plant operator, signed a letter of intent with Polish utilities PGE SA and ZE PAK SA on Monday, South Korea’s energy ministry ...

Bloomberg Ukraine warned of widespread blackouts after a massive wave of Russian missile attacks on Monday damaged power and water supplies across the country including in the capital Kyiv. The Kremlin meanwhile warned that grain shipments would be “much riskier and more dangerous” after it pulled out of a deal allowing Ukrainian exports from Black Sea ports following an attack ...

A handful of very tight races will determine control of the US Senate with the result unclear just days before the midterm elections. A New York Times/Siena College poll released Monday shows Democratic candidates ahead by slim margins in Georgia and Pennsylvania and tied with the Republican challenger in Nevada. Only the Arizona race shows a more comfortable lead for ...

Luiz Inacio Lula da Silva won Brazil’s presidential election in a dramatic comeback for the left-wing politician who was languishing in a jail cell for corruption just three years ago. He defeated the incumbent Jair Bolsonaro with 50.9% to 49.1% of the votes in Sunday’s runoff, according to the official tally. The outcome signals a change in direction for Latin ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that the entity had added 300 megawatts of photovoltaic solar energy in 2022 from the 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park using the Independent Power Producer (IPP) model. The solar park ...

Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, on Monday added Kuwait City to its ever-expanding network, its fifth key destination in the Gulf region. The new route will strengthen connectivity within the GCC by providing an alternative ultra-low fare travel option for passengers between the two Gulf countries. This falls in ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). The price range for the offering has been set between AED1.31 and AED1.33 per share, a company statement said on Monday. The total offering size is expected to ...

BAHANAG / WAM In the presence of King of Malaysia Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, the Emirates Red Crescent (ERC) has inaugurated the first phase of the housing project dedicated to people affected by floods that swept the state of Pahang last year. The fully serviced 123 housing units were built under the directives of President His Highness Sheikh ...