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DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

Oman to generate 25 GW of solar, wind energy

EWEC supplied approximately 6.2GW of the total 7.7GW system power demand.
  • The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.
  • Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects

An international consortium comprised of Oman Oil Company Exploration and Production (OQ), InterContinental Energy, and EnerTech on Monday announced further progress on the development of the Green Energy Oman (GEO) integrated green fuels mega project.

This project aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.

Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects, which will put Oman at the forefront of countries that implement similar projects.

The project will utilize Oman’s natural resources of wind and solar to produce green fuels.