Abu Dhabi Future Energy Co, also known as Masdar, along with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be […]
UAE
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UAE Ministry sets 7 conditions for hiring expat workers
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has set seven conditions for private sector establishments and employers to recruit and employ workers from outside the country. In an instructional video posted on MoHRE’s official Instagram account, the conditions are as follows: The ministry provides 12 different types of work permits for registered establishments, which are based on […]
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‘Saudi lollipop’ for oil markets: Kingdom announces OPEC production cuts
Saudi Arabia will make additional voluntary cuts of 1 million barrels a day to its oil production in an effort to increase prices following a long OPEC+ meeting in Vienna, Financial Times reported. The 1 million b/d cut will initially be for July but could be extended, Saudi Energy Minister Prince Abdulaziz said, describing it […]
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Eid Al Adha 2023: Expected six-day weekend dates revealed
As Eid Al Adha nears, UAE residents can expect a long weekend, right before schools close for a two-month summer break. Residents can expect either a five- or six-day weekend, depending on the Moon sighting, which determines the beginning and ending of the Islamic Hijri calendar months. The designated holiday period for this festival is from the […]
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Inside ADNOC’s oldest, biggest onshore field Murban Bab
The Murban Bab Oil Field, around 84 kms north west of Abu Dhabi, was where ADNOC struck first oil in the 1960s. The Murban Bab oil field is the biggest onshore oil field in Abu Dhabi and the oldest operating field in the UAE. “This is where it all began,” ADNOC says on the company […]
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UAE jobs: ADNOC to hire 5,000 private sector workers by 2027
ADNOC will partner with the Emirati Talent Competitiveness Council (ETCC) to create 5,000 jobs for UAE nationals in the private sector by 2027, the company announced at the Make it in the Emirates Forum on Thursday. The hiring will take place through ETCC’s Nafis programme and is aimed at employing UAE talent for skilled jobs, in the […]
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UAE’s untapped opportunity of hub and cluster CCS facilities
Countries driven by high emissions exports are being hit by international regulations on emissions such as the Carbon Border Adjustment Mechanism (CBAM) in the EU, development of the carbon price, and market competitiveness. Abruptly shutting down national industries to lower emissions would lead to the breakdown of the economy and a colossal loss of jobs. […]
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UAE: Fujairah’s energy giant to enter EPC business; eyes $100 billion projects
Fujairah National Energy Co (FUJNEC) will soon begin selecting EPC partners as the company plans to venture into engineering, procurement and construction business in the downstream oil and gas sector. The emirate of Fujairah anticipates significant opportunities in the EPC sector, with an estimated value of approximately $100 billion over the next decade. FUJNEC, being […]
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ADNOC boss announces $1.6 billion new industrial projects
Dr Sultan bin Ahmed Al Jaber, ADNOC’s group CEO and Minister of Industry and Advanced Technology (MoIAT), announced more than 30 innovative industrial projects worth more than $1.6 billion during the second edition of the Make it in the Emirates Forum, which is being held under the theme of “Investment. Sustainability. Growth”. “These projects include […]
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UAE announces major drop in June petrol prices
The UAE fuel price committee on May 31 announced major reduction in petrol and diesel prices for the month of June 2023. The new rates will apply from June 1.
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