Al Fanar Gas Group, Siemens Energy to collaborate on clean energy
UAE - Al Fanar Gas Group, one of the UAE's leading gas and energy solutions providers, and the energy arm of EHC Investment, has signed a strategic memorandum of understanding (MoU) with Siemens Energy, a global energy technology leader, to jointly advance decarbonisation and clean energy innovation across the UAE.
The agreement, signed on the sidelines of the World Utilities Congress 2025 in Abu Dhabi, supports the UAE Net Zero 2050 Strategy. The two companies will co-develop clean energy solutions that integrate advanced digital technologies into energy and industrial infrastructure, with a focus on areas such as hydrogen and Power-to-X, flare gas management, and port and vessel electrification.
These efforts will be backed by rigorous feasibility studies to identify scalable solutions that can be seamlessly integrated into existing energy networks. The collaboration will also leverage Siemens Energy's global expertise in digitalisation to introduce intelligent systems that optimise energy consumption, monitor emissions, and streamline operations - accelerating the energy transition in a practical and measurable way.
Khaled Ben Said, CEO of Al Fanar Gas Group, commented: 'This partnership is not just about technology - it's about responsibility. As a UAE company, we see it as our duty to help shape an energy future that reflects the values and ambitions of our leadership. Working with Siemens Energy allows us to pair local insight with global innovation to address the region's most pressing energy challenges. This MoU is a commitment to actionable progress - not in the distant future but starting now.'
Khalid Bin Hadi, Managing Director for the UAE, Siemens Energy, said: 'The MoU reflects our commitment to working with regional partners to explore practical pathways towards decarbonization. We look forward to collaborating with Al Fanar Gas Group to identify solutions that are both scalable and aligned with the UAE's long-term sustainability objectives.'
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
35 minutes ago
- The National
Abu Dhabi health drive raises Dh509 million in two weeks to support patients with chronic diseases
An Abu Dhabi humanitarian drive aiming to provide critical support to patients with chronic diseases and people with various disabilities has raised more than half of its Dh1 billion fund-raising target in only two weeks. The Life Endowment campaign, established by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), has collected Dh509 million from 93,000 contributors, it was announced on Sunday. The vital initiative, being held under the slogan With you for Life, was announced by President Sheikh Mohamed under the UAE's Year of Community. The impressive running total is thanks to contributions from both individuals and businesses alike, including a Dh172 million donation from Sheikha Fatima bint Mubarak, Mother of the Nation. The drive will help to cover treatment costs for people while supporting the research and development of pharmaceutical drugs. Fahad Al Qassim, director general of the Abu Dhabi Endowments and Minors Funds Authority, said the scheme represented a major milestone in the UAE's philanthropic vision. 'The significant contributions received since the campaign's launch demonstrate the UAE community's unwavering commitment to supporting humanitarian initiatives," Mr Al Qassim said. "The enthusiastic response to the Life Endowment campaign exemplifies deep compassion for those suffering from chronic diseases and for people of determination. "The continued flow of generous contributions through various channels underscores the widespread culture of endowment in our society as a key catalyst of sustainability.' Who will benefit from fund? The fund will be continuous and have no end date, Mr Al Qassim previously told T he National. Its finances will be invested and then spent to help patients. 'Assets will be invested and the returns will be spent on treatment, which means that we have a sustainable financial instrument and product that gives returns every single year,' he said in an interview following the campaign's launch. 'This endowment caters for the weakest point in the community and a lot of those people are actually non-UAE nationals. Emiratis today, at the end of the day, they do get the treatment from the government by the leadership. Expats today are more vulnerable in terms of the weaker point of the community. 'Endowments are here to stay for generations. It's not for the next two years, and then it will be mothballed or to a different initiative. No, it will continue to be there, hopefully for generations to come.' Abu Dhabi's Department of Health is overseeing the health-related aspects of the endowment, ensuring contributions are directed effectively to support specialised care and reach those who need the funds most. The campaign has two fund-raising arms – the Emirates Red Crescent Authority, which has been a leading humanitarian entity since 1983, and the Authority of Social Contribution – Ma'an, Abu Dhabi's official channel to receive social contributions. How to contribute Individuals and institutions can make donations using various platforms: Awqaf Abu Dhabi's digital donation platform Send the word "Life" in a text message using the e& Emirates network to the following numbers: 3557 to donate Dh10, 3556 to donate Dh50, 3225 to donate Dh100 and 3223 to donate Dh500 Send the word "Life" in a text message using the du network to the following numbers: 3583 to donate Dh10, 3585 to donate Dh50, 3586 to donate Dh100 and 3587 to donate Dh500
Zawya
an hour ago
- Zawya
Najm showcases the evolution of traffic accident response procedures in the Kingdom
Riyadh – Mr. Abdullah Al-Khalaf, Acting CEO of Najm for Insurance Services, announced that the company has developed its traffic accident inspection service to be through an integrated digital system. This development contributes to improving the efficiency and speed of handling and responding to traffic accidents, ensuring the safety of road users, reducing traffic congestion, and supporting environmental sustainability. This announcement came during Najm's participation in a workshop organized by Naif Arab University for Security Sciences titled 'Mechanisms for Dealing with Road Accident Offenders Under the Influence of Drugs.' The event was held over two days, May 28–29, 2025, with the participation of group of Arab and international experts specializing in security and safety. Al-Khalaf emphasized Najm's role in supporting the goals of Saudi Vision 2030 through the development of a smart, digital insurance sector that ensures fairness for policyholders, contributes to a safer and more sustainable traffic system, and protects the economy and society from the repercussions of road accidents. On the sidelines of the workshop, Mr. Abdullah Al-Khalaf met with His Excellency Dr. Abdulmajeed Al-Banyan, President of Naif Arab University for Security Sciences. They discussed opportunities for joint cooperation and the university's training programs aimed at enhancing the skills and capabilities of accident investigators at Najm. This collaboration is expected to positively impact accident-handling mechanisms, promote transparency, and safeguard the rights of all parties involved. During the workshop, Al-Khalaf delivered a presentation titled 'Najm's Pioneering Role in Managing Minor Accidents,' where he highlighted the company's wealth of experience in responding to traffic accidents. He showcased Najm's field procedures for accident inspections and the transformative changes implemented to achieve a qualitative shift in inspection practices and response times. He also emphasized the use of Najm's digital platforms and advanced technology in accident data analysis and report generation. Al-Khalaf noted that Najm offers its inspection and liability determination services through specialized field teams operating in over 40 cities across the Kingdom. Additionally, the company provides more than 20 insurance and traffic services and solutions developed to enhance road, vehicle, and driver safety. Najm also leads initiatives to address the root causes of traffic accidents, reinforce traffic law compliance, and improve driving behavior. The workshop organized by Naif Arab University, in line with its security and academic mission, addressed several specialized topics focused on enhancing methods for dealing with offenders involved in accidents under the influence of drugs. It also sought to promote integration among relevant entities to mitigate this phenomenon. Additionally, the event aimed to improve public safety by discussing legal and criminal frameworks, showcasing local and international best practices, and exploring the roles of security, health, and insurance sectors in providing a comprehensive and integrated response.
Zawya
an hour ago
- Zawya
Bank Nizwa honored as Islamic Bank of the Year and Best Mid-size Bank at New Age Banking Summit
1 June, Muscat: Demonstrating its relentless pursuit of excellence, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, secured two prestigious accolades at the 10th Edition of the New Age Banking Summit – 'Best Islamic Digital Bank in Oman' and 'Best Bank – Mid-size Banks Category'. The distinguished event, themed 'Banking Beyond Boundaries: Redefining Innovation and Sustainability,' was held under the auspices of His Excellency Ahmed Al Musalmi, Governor, Central Bank of Oman. Drawing an elite assembly of senior banking executives, industry experts, influential policymakers, and fintech specialists, the summit provided an exclusive platform characterized by high-caliber discussions and premium networking opportunities. The awards were received by Mr. Mujahid Al Zadjali, GM - IT at Bank Nizwa on behalf of the bank. Mr. Mujahid Al Zadjali, engaged in an insightful panel discussion titled 'The Future of Banking: Navigating Disruption, Sustainability & Customer-Centric Innovation' that explored strategic avenues around fintech integration, digital transformation, open banking frameworks, advanced payment solutions enabling real-time, cross-border, multi-currency transactions, and the deployment of advanced technologies such as blockchain and AI. Highlighting the significance of the bank's participation and achievements, Mr. Mujahid Al Zadjali, remarked, 'Consistent participation in esteemed thought leadership forums such as the New Age Banking Summit reflects Bank Nizwa's enduring commitment to shaping the future of banking through purposeful dialogue and forward-looking insight. By contributing to high-level panel discussions, the bank continues to play a vital role in driving conversations that matter—those that define progress, resilience, and a future-ready financial ecosystem in Oman. The prestigious awards, meanwhile, serve as a powerful affirmation of our strategic clarity and the trust and credibility we have built over the years.' As the largest conference of its kind for the banking and non-banking financial sector in Oman, the event brought together technology companies—underscoring its significance, influence, and scale. Within this dynamic setting, Bank Nizwa underscored its strategic commitment to harnessing innovation as a catalyst for elevating customer experience and operational efficiency. The bank advocates for aligning technological advancements with sustainable and customer-centric banking practices, viewing digital transformation as integral to its strategic growth. Moreover, the bank stressed the importance of collaborative ecosystems, advocating closer partnerships among financial institutions, regulators, and technology providers. The recognition received at the New Age Banking Summit further cements Bank Nizwa's status as a leading force within Oman's Islamic banking sector. These awards not only underscore the bank's strategic prowess and agility but also reinforce its dedication to driving meaningful innovation and fostering a resilient, sustainable financial landscape in the Sultanate.
