Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

ADDC, Abu Dhabi University join hands for energy innovations

Abu Dhabi Distribution Company, Abu Dhabi University to advance innovation in utility sector.
  • The cooperation aims to promote ties between both entities through training programs and knowledge exchange
  • The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU

The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) to accelerate technical, societal and environmental solutions in the energy sector through research and development.

The cooperation aims to promote ties between both entities through training programs and knowledge exchange.

The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU.

“There are many mutual benefits to collaborating with academia, which is why we are so thrilled to enter into this partnership with Abu Dhabi University (ADU),” Al Suwaidi said. “By supporting research and development and special opportunities for young talent, we are moving our industry forward and helping build a brighter future here at home.”

While the Chancellor of ADU said that through this

collaboration, they look forward to creating a framework that will advance environmental research.

“Partnerships like this allow us to provide our students with valuable training and internship opportunities that are critical to preparing them for a competitive job market,” he said.