Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

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.
  • 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.