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Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA)

TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects
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TAQA Morocco signs MoUs for major low-carbon energy, desalination, and infrastructure developments supporting Morocco's energy transition and water security
Latest in Abu Dhabi National Energy Company (TAQA)
Abu Dhabi exchange announces $1.5bn TAQA listing
by Staff Writer Thu 7 Sep 2023
Abu Dhabi National Energy Company lists $1.5bn bonds on ADX
Abu Dhabi's TAQA reports $7.3bn H1 revenues
by Staff Writer Tue 15 Aug 2023
Abu Dhabi National Energy Company has met income of $3.7bn in first half of 2023
Al Ain mosques save 1.8 million cubic metres of water following retrofitting project
by Staff Writer Tue 27 Jun 2023
This was made possible through Al Ain Distribution Company replacing over 13,400 water fixtures with high-efficiency units

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Egypt's PM chairs meeting on state IPO programme
Egypt's PM chairs meeting on state IPO programme

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Egypt's PM chairs meeting on state IPO programme

Egyptian Prime Minister Mostafa Madbouly chaired a meeting of the government offerings committee on Tuesday evening to review the implementation of the state's privatisation programme. At the start of the meeting, the prime minister noted that it was part of a series of regular meetings to follow up on the programme's progress. He affirmed the government's commitment to taking the necessary steps to enhance the private sector's role in various economic activities and increase its participation in numerous sectors, in line with the State Ownership Policy Document. Government spokesman Mohamed El-Homsany stated that the meeting addressed the implementation status of the offerings programme. He added that discussions included a review of the various timelines for the offering of a number of targeted companies in the next phase. In this context, the spokesman noted that the meeting reviewed the executive measures and steps taken by the relevant ministries and authorities to offer the targeted companies, alongside the efforts being made to prepare those firms in various sectors for public offering. The meeting also reviewed the latest developments regarding the cooperation between the Sovereign Fund of Egypt for Investment and Development, the Armed Forces' National Service Projects Organization, and a group of specialised local and international advisory firms to restructure and manage the offering of a number of companies owned by the Armed Forces. The meeting was attended by Hassan Abdalla, Governor of the Central Bank of Egypt; Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation; Mahmoud Esmat, Minister of Electricity and Renewable Energy; Mohamed Shimy, Minister of Public Business Sector; Hassan El-Khatib, Minister of Investment and Foreign Trade; and Karim Badawy, Minister of Petroleum and Mineral Resources. Yasser Sobhy, Deputy Minister of Finance for Fiscal Policies; Ramy Aboul Naga, Deputy Governor of the Central Bank; and officials from relevant ministries and the central bank also attended. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (

ADNOC Distribution's ESG report highlights sustainability and innovation efforts
ADNOC Distribution's ESG report highlights sustainability and innovation efforts

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timean hour ago

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ADNOC Distribution's ESG report highlights sustainability and innovation efforts

ABU DHABI: ADNOC Distribution has published its 2024 Environmental, Social, and Governance (ESG) Report. The report details major progress in sustainability, climate action, innovation, community investment, and national value creation. Prepared in line with GRI Standards and verified by KPMG, it aligns with the UAE Net Zero by 2050 agenda and ADNOC Group's Net Zero by 2045 ambition. In a statement today, ADNOC Distribution said it continues to evolve its ESG strategic vision in line with leading local and global ESG agendas, such as the UAE Energy Strategy 2050, the UAE initiative to achieve Net Zero by 2050, the National Climate Change Plan of the UAE 2017-2050, the Environment Vision 2030, and the Abu Dhabi Economic Vision 2030. "Through our initiatives, ADNOC Distribution is constantly seeking new ways to reduce our carbon footprint and promote renewable energy solutions to reduce carbon intensity in its operations by 25% by 2030. 'In line with our Decarbonization Roadmap was announced in 2023, outlining our commitment to significantly reducing carbon emissions and energy usage in our operations. To facilitate the implementation of this roadmap, we are identifying energy-saving opportunities within our facilities, retrofitting existing buildings, and further promoting the integration of renewable energy generation within our business.' Eng. Bader Saeed Al Lamki – CEO Of ADNOC Distribution commented, 'As we reflect on 2024, I am proud to share the remarkable strides ADNOC Distribution has made in our ongoing commitment to sustainability, innovation, and responsible growth.' He added, 'We significantly enhanced our ESG ratings, expanded our EV network to 220 charging points, and advanced over 20 AI-driven projects to elevate sustainability and operational efficiency. 'Our Emiratisation rate of over 62% and AED 3.9 million spent on CSR reflect our deep-rooted commitment to national development and social transparent governance, strong financials, and forward-looking sustainability initiatives, we are building a future that embraces both the well-being of our planet and the communities we serve.'

UAE franchise sector generates $27.2bn revenue a year
UAE franchise sector generates $27.2bn revenue a year

Arabian Business

time12 hours ago

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UAE franchise sector generates $27.2bn revenue a year

The UAE's franchise industry has become a significant contributor to the national economy, with annual revenues exceeding AED100bn ($27.2bn) and an annual growth rate of 15 per cent. Regionally, the MENA market is valued at more than AED120bn ($32.7bn), while globally the sector generates more than AED6tn ($1.63tn) and supports over 19m jobs through 2m franchisees. In celebration of World Franchise Day on June 11, the Emirates Franchise Association, affiliated with the Abu Dhabi Chamber of Commerce and Industry, hosted a high-profile forum under the theme 'Franchise Unites Us and Innovation Leads Us.' UAE franchises pass $27.2bn in revenue The event, held at the Chamber's headquarters, brought together a group of entrepreneurs, decision-makers, and public-private sector representatives with a shared interest in the rapidly growing franchise sector. Organised in collaboration with the Khalifa Fund for Enterprise Development and the Abu Dhabi Businesswomen Council, the forum focused on strategies to expand UAE-based franchise brands both locally and globally. This economic footprint underscores franchising's role in empowering entrepreneurs, creating jobs, and fostering sustainable business ecosystems. Noor Al Tamimi, Chairwoman of the Emirates Franchise Association, said that celebrating World Franchise Day reinforces the franchise sector's status within the UAE's economic ecosystem, especially considering national efforts to diversify sources of income and promote an entrepreneurial culture. She emphasised that franchising today is a practical tool for business growth, enabling entrepreneurs to operate within an integrated operational system, allowing them to benefit from knowledge, training, and institutional support. Al Tamimi said: 'The Emirates Franchise Association continues to implement its national strategy aimed at enabling Emirati brands to expand locally and globally. The relaunch of the Association's corporate identity has been a significant turning point in its journey, especially after it received official recognition from the World Franchise Council, which made it the accredited representative of the UAE at this international forum.' She confirmed that the Association hopes to be a strategic partner in building an integrated franchise ecosystem in the UAE, one that is based on supportive legislation, accessible financing, specialised training, and international representation. The forum featured a key dialogue session titled 'Meeting of Minds', where franchise owners, consultants, and experts discussed opportunities and challenges in growing local franchises. Topics included legal frameworks, operational readiness, and financial support mechanisms critical to achieving competitive and sustainable expansion. A presentation showcased successful Emirati brands that have scaled through franchising, and celebrated the Association's ongoing efforts to build a future-ready franchise landscape based on innovation and efficiency. Among the highlights of the event was the 'Franchise Walk,' a showcase of select local and international brands, providing attendees with direct insights into diverse business models. Meanwhile, advisory sessions were held in collaboration with professional consultancy firms, offering hands-on guidance regarding the legal, regulatory, and operational aspects of franchising.

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