Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

TAQA nine-month net income $1.17 bn

Abu Dhabi National Energy Company (TAQA) announces pricing of $1.75bn dual tranche.
  • TAQA’s Board of Directors announced an interim cash dividend of AED618 million ($168.25 million).
  • The EBITDA was AED14.4 billion ($3.92 billion), an increase of 20 percent from last year.

Abu Dhabi National Energy Company (TAQA) on Wednesday announced a net income of AED4.3 billion ($1.17 billion), marking an increase of AED3 billion ($0.82 billion), with large contribution from oil and gas sector.
For the first nine months of 2021, the total revenue of the company was AED34.3 billion ($9.34 billion), which is 11 percent higher than the same period last year.
The EBITDA was AED14.4 billion ($3.92 billion), an increase of 20 percent that was attributed to higher revenues and improved income from associates, partially offset by higher expenses.
After the financial results were approved, TAQA’s Board of Directors announced an interim cash dividend of AED618 million ($168.25 million).
Jasim Husain Thabet, TAQA’s CEO and MD, said: “Our recent announcement of the development of the Tanajib power and water project with Saudi Aramco and Marubeni showcase our tangible progress on our strategy to add up to 15 GW of international generation capacity by 2030.”