The uncertainty in the current global economy generates a wide range of possible risks that can abruptly alter a firm’s business model and strategy. Events developing in Eastern Europe, shifts in global government leadership, rising inflation, interest rates, constant cyberthreats, competition for talent and specialized skill sets, ongoing disruptions in global supply chains, and quickly […]
Search results
Posted inNews
ADNOC eyes $2 billion from gas unit IPO
The final offer price is expected to be announced on March 3
Posted inNews
Department of Energy’s head of IT and smart government services to speak at Digital Twins Conference
Saif Salem Bamadhaf, director of IT and smart government services with Department of Energy, Abu Dhabi, has been confirmed as a speaker for the UAE Digital Twins Conference 2023, which will take place on Monday, March 13 at the Grosvenor House in Dubai. The UAE Digital Twins Conference 2023 will be powered by ITP Media Group’s industry-leading […]
Posted inNews
IPO bonanza begins: ADNOC to list 4% of its gas unit
State-owned energy giant ADNOC announced today its intention to float about 4% of its gas business in an initial public offering on the Abu Dhabi Securities Exchange (ADX). ADNOC Gas listing will be the first major IPO on the ADX in 2023 after a listing bonanza for markets in the GCC last year as issuers […]
Posted inNews, Energy Transition
Saudi Arabia awards major contract for emissions-free futuristic city
Saudi Arabia has awarded a five-year contract for consultancy services to Atkins as a delivery partner for THE LINE mega-project, which is currently being developed in northwest Saudi Arabia on the Red Sea. Atkins, a member of the SNC-Lavalin Group, will join THE LINE – the 170km-long sustainable mega-city, which will have no roads, cars or carbon […]
Posted inNews
Historic moment: ADNOC delivers first Middle East LNG cargo to Germany
ADNOC and RWE announced today the successful delivery of the first shipment of LNG from Abu Dhabi to the Elbehafen floating LNG terminal in Germany. Produced by ADNOC Gas at Abu Dhabi’s Das Island, the shipment of 137,000 cubic meters of LNG is the commissioning cargo for the new floating LNG terminal in Brunsbüttel and […]
Posted inNews
World needs $1 trillion annually for energy transition, expert says
The world needs about $9 trillion of investment annually to tackle climate action and about $1 trillion annually to exert energy transition in many countries, according to Makhtar Diop, managing director of the US-headquartered International Finance Corporation (IFC). Speaking at the World Government Summit 2023 in Dubai, Diop said the aim of the world leaders […]
Posted inNews
QatarEnergy and China’s CNPC to sign major LNG deal
China National Petroleum Corp (CNPC) will soon finalise a deal to buy LNG from QatarEnergy from Qatar’s massive North Field expansion project, Reuters reported, citing three people with knowledge of the matter. This would be the second such deal between both countries as Beijing looks to diversify its fuel sources in a drive to replace […]
Posted inPeople
Rockwell Automation appoints new managing director for Saudi Arabia
The appointment of Al Khater aligns with a reorganisation of Rockwell Automation’s business operations in the region
Posted inNews
Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion
Inflation, spare parts, upfront fees for land and interest on loans have contributed to the $3.5 billion budget increase