Dubai | Egypt Oil & Gas - Part 5
Oil Prices Prompt Topaz to Extend Ambitions to South America
Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price, its chief ex...
Orders Coming in for Dubai Solar Park’s Second Phase
First Solar said it has signed an agreement to supply its photovoltaic (PV) modules to power the 200 megawatt (MW) AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE. First Solar is a leadi...
Energy Saving VRV Configurator Launched in GCC
Daikin Middle East & Africa has launched its fourth generation of VRV IV for high ambient markets. More than 250 key consultants, developers, distributors and industry professionals from across the GCC attended th...
Dubai Equity Firm to Go Geothermal in Germany with $168.8 million
Greenstone Equity Partners, a leading independent fund placement firm in the Middle East, has collaborated with Deutsche ErdWärme, a Karlsruhe, Germany-based geothermal development company, to raise up to €150 million...
Less Risk of Dragon Oil not Making ENOC Acquisition, Say Experts
Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co (ENOC) after the Dubai-based group increased its offer to buy out the company’s minority shareholders. Shares in Dragon Oi...
Growth, Employment Steady in UAE Despite Oil Price Crunch
Dubai witnessed a 4.5% gross domestic product growth last year, and a 6.5% rise in employment, driven by long term planned infrastructure and the ideal investment environment offered by the emirate, according to an ex...
Dubai’s Access Infra to Launch Power Projects in 17 African Countries
Access Infra Africa, a Dubai-based company, will launch what it says will be Africa’s largest privately-owned solar plant in Uganda this year, part of plans to develop electricity projects in 17 African countries, mai...
GPIC Wins Business Award After Years of Investing in Production and People
The Gulf Petrochemical Industries Company (GPIC) has been named the GCC’s best-performing industrial organisation. The honour came during the eighth annual Mohammed bin Rashid Al Maktoum Business Awards 2014 pre...
