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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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan

  • As per the agreement, 4,000 MW will be generated in the first phase, while the second phase will generate 6,000 MW
  • Masdar will develop solar projects with a capacity of 1,000 MW and 1,000 MW of onshore wind

Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined capacity of 4,000 MW.

As per the agreement, 4,000 MW will be generated in the first phase, while the second phase will generate 6,000 MW.

Two agreements were signed as part of the first phase under which Masdar will develop solar projects with a capacity of 1,000 MW and 1,000 MW of onshore wind.

Under the second agreement, Masdar will build integrated offshore wind and green hydrogen projects with a capacity of 2,000 MW.

“The 4,000 MW of renewable energy projects announced today reinforce the close relationship between the UAE and Azerbaijan and are a testament to our shared commitment to progressive climate action,” said Sultan Ahmed Al Jaber, UAE minister of industry and advanced technology and chairman of Masdar.