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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

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.

UAE to build LNG plant with capacity to produce 9.6m tons

LNG, shipped on special tankers, today accounts for about 15 percent of all gas supply worldwide.
By TRENDS Desk
May 18, 2022 11:30 am
  • The project, to be built at Fujairah, would more than double its export capacity as the demand surges
  • the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf

The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to produce some 9.6 million tons a year.

The project, to be built at Fujairah, would more than double its export capacity as the demand surges.

Currently, the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf.

This comes as the UAE races to expand its exports amid a growing demand following Russia’s invasion of Ukraine.

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