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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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.