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Eni to work with Egypt on hydrogen production

Eni to work with Egypt on hydrogen production
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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Top UAE power producer joins global peers in renewables push

Top UAE power producer joins global peers in renewables push
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

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UAE mulls sale of Taqa's oil and gas assets, focusing on power generation

UAE mulls sale of Taqaâs oil and gas assets, focusing on power generation
By Dinesh Nair on 3/17/2021
Taqa s assets would likely bring less in a sale than they cost to assemble.
(Bloomberg) - Abu Dhabi National Energy Co. is considering options for its oil and gas assets, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.
The company, also known as Taqa, is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada, the people said, asking not to be identified as the matter is private. Taqaâs oil and gas portfolio could be worth substantially less than the billions of dollars it spent to build it, the people said. ....

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Dubai stocks reverse morning advances

Dubai: Dubai stocks closed lower for a second day running to be heading towards fourth consecutive weekly losses amid subdued recent earnings and doubts about GCC economic activity getting back to normal anytime soon.
Higher oil prices and significant progress with Covid-19 vaccine rollouts support our view that the outlook for the GCC economies this year is brighter, said Emirates NBD Research in a note. However, it added budget deficits were likely to remain substantial, limiting the scope for additional fiscal stimulus to support a recovery.
Multi-week low
Dubai Financial Market gave up early gains to trade 0.6 per cent lower at 2,594 points with industrial and financial stocks weighing the most. Dubai Islamic Bank dropped 1.5 per cent to close at Dh4.7, a multi-week low touched as the lender traded lower or flatlined in every session since February 3. On Tuesday, it posted its sharpest single-day drop year-to-date after its latest earnings fared well below analys ....

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