Abu Dhabi | Egypt Oil & Gas - Part 10
IPIC Profits Gyrate Due to Low Oil Prices
Abu Dhabi’s state-owned International Petroleum Investment Co (IPIC) reported on Wednesday a 37% drop in net attributable profit for 2014 as low oil prices hurt earnings. IPIC, whose board was revamped this year...
Mergers a Key Tool in Abu Dhabi’s Debt Alleviation Plans
Abu Dhabi may merge its national energy company into another state-owned business to make the company’s crippling debts more manageable and try to turn around its performance, sources familiar with the matter to...
Abu Dhabi Fund Loans Mali $90.6 Mn for Optimal Solar Project
Abu Dhabi Fund for Development (ADFD) recently signed a Dh33 million ($90.6 million) loan agreement with the Government of Mali to finance a hybrid solar energy project in Mali. The signing ceremony was held at the AD...
Topaz Emergency Response Vessel Built in Abu Dhabi Dockyard
Topaz Energy and Marine, a leading offshore support vessel company, has bolstered its Emergency Response and Recovery Vessel (ERRV) fleet with the addition of a fourth vessel. The newly-built, state-of-the-art Topaz R...
Abu Dhabi Exports, Investments Feel Pinch of Oil Prices
Fabulously wealthy Abu Dhabi is tightening its belt as low oil prices slash its export revenues – a sign that even the richest economies of the Gulf are not escaping the impact of cheap oil. The emirate of about...
$150 Mn Could Go to Egypt Energy Firms from ADIB
Abu Dhabi Islamic Bank (ADIB) is studying arranging a US0 million financing for one of the energy firms in Egypt, managing director and CEO of ADIB Capital Zeinab Hashim announced Wednesday. The banking official said ...
Power-Gen Conference Receives Saudi, Bahrani Backing
Top regional power producing companies Saudi Electricity Company (SEC) and Bahrain Electricity and Water Authority (Bewa) are set to take part as supporting entities at the 13th annual Power-Gen Middle East Conference...
Abu Dhabi Energy R&D Conference Takes Off
More than 1,500 research and industry professionals are taking part in the Abu Dhabi International Research and Development Conference and Exhibition (Adrac), which opened in the UAE capital today (May 24). They are d...
