Green bonds still have a long way to go to dent climate crisis

Global sales of green bonds hit a record $513bn last year

First Abu Dhabi Bank, Mastercard introduce virtual corporate debit card

The virtual cards can be created for single- or multiple-use

Abu Dhabi’s ADNOC announces discovery of new natural gas resources offshore

Estimates indicate that the reserve of raw gas discovered is between 1.5–2 TSCF

OPEC+ agrees on another gradual oil-output hike for March

Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits

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Amazon leads corporate clean-energy purchases in record year

Amazon accounted for 20 per cent of a record 31.1 gigawatts of clean power capacity bought by corporations in 2021

UAE reduces fuel price in August

UAE raises fuel prices for February 2022

The price of Super 98 is set to increase to Dhs2.94 next month

Oil punches higher at the week’s open on demand outlook

Crude has soared this month as global markets tightened, with top banks and oil companies saying oil may soon pass $100 a barrel

Oil drops from seven-year high after Fed flags tighter policy

Oil has rallied in the opening weeks of 2022 on the continued recovery in energy consumption

ADNOC

UAE oil producer ADNOC may aim for $5bn of bonds this year

Crude has surged around 14 per cent this year to more than $85 a barrel

OPEC+ delegates expect to stick to plan for modest output hike

Last month, OPEC+ nations managed only two-thirds of their stipulated increase

Abu Dhabi’s ADNOC fastest growing oil and gas brand globally

Etisalat was also named the strongest telecom brand globally

UAE’s top oil producer forms entity to sell bonds for first time

ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”

Dubai Electricity and Water Authority

Dubai’s energy demand grows 10% y-on-y in 2021

Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020

UAE’s Aldar signs agreement with EWEC to promote clean energy adoption

Via the agreement, 100 per cent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years

Dubai’s DEWA inaugurates 16 new substations in 2021

The total value of DEWA’s investments in electricity transmission in 2021 reached Dhs9.5bn

Bee'ah Solar Farm Sharjah

UAE firm Beeah Is looking to go beyond waste

Beeah will make acquisitions this year to expand businesses including waste management and technology

Oil gains on outlook for rising demand as Omicron wave fades

Crude has enjoyed a robust start to the new year, with prices soaring to the highest since 2014 last week

Abu Dhabi plans solar, water plants in drive for net-zero target

The emirate will build two solar plants and two waste-to-energy plants, adding 2.15 gigawatts of power

Abu Dhabi’s Masdar, ENGIE sign agreement with Fertiglobe to develop green hydrogen

The three companies will study the development, design, financing, operation, and maintenance of an industrial-scale facility in Al Ruwais, Abu Dhabi

OPEC+ alone cannot solve world’s oil-supply issues, UAE says

Crude prices rallied to a seven-year high above $89 a barrel in London on Wednesday

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Cafu Sirajpower Creek renewable energy

Cafu partners with SirajPower for on-demand transportable lithium-ion batteries in UAE

The battery storage systems used by Hypr will be developed by SirajPower, a Creek portfolio company with over 200 solar sites across the UAE

Mubadala Energy

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

Abu Dhabi’s Masdar to explore renewable energy export from Indonesia to Singapore

Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035

Crude markets run hot in Asia as Omicron fails to dent demand

Brent futures have soared in the opening weeks of 2022, reflecting the underlying bullishness on display in the physical markets

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

Mohammed bin Rashid Al Maktoum Solar Park

Production in Dubai’s Mohammed bin Rashid Al Maktoum Solar Park increases to 330MW

The clean energy share is currently 11.38 per cent of Dubai’s energy mix, and will reach 13.3 per cent in Q1 2022

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year