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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

‘Innovation is crucial for UAE’s energy efficiency’

  • The UAE's Department of Energy's integrated system focuses on clean and renewable energy to achieve climate neutrality.
  • Investment in youth and their innovative ideas is essential for building a sustainable future, says DoE's Awaidha Murshed Al Marar .

ABU DHABI — Innovation is a key cornerstone and essential driver for achieving the UAE’s goals in enhancing energy efficiency, sustainability, and future foresight, said Awaidha Murshed Al Marar, Chairman of the Department of Energy (DoE).

To commemorate “UAE Innovation Month 2024,” Al Marar remarked, “Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition system that embraces innovation as its core approach.”

He further mentioned that the UAE Innovation Month acts as a prime platform for addressing challenges and transforming them into unique opportunities for growth, positive change, and the provision of innovative solutions through the adoption of cutting-edge technologies.

“Our dedication to offering and adopting innovative solutions in clean and renewable energy is paramount in reaching our objectives of achieving climate neutrality,” he emphasized.

Awaidha Murshed Al Marar

Highlighting the importance of investing in the youth and developing their skills as they are the fundamental cornerstone for constructing a sustainable future, Al Marar said, “At the DoE, we are committed to empowering the younger generation and supporting their innovative ideas and groundbreaking innovations, which are crucial for building a robust future for the sector and furthering our country’s prosperity.”

He also lauded the ongoing collaboration across sectors, including government and private entities within the UAE, for their active participation in UAE Innovation Month by exchanging insights and ideas on the latest innovations in various energy domains.