Masdar, EDF Group to establish energy services company

ABU DHABI, Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and EDF Group, low-carbon electricity leader, have signed an agreement to establish a joint venture company dedicated to energy efficiency and distributed …

‘Infinity Power’ announced at ADSW to develop renewable energy projects in Egypt

ABU DHABI, Masdar, one of the world’s leading renewable energy companies, and Infinity Energy, Egypt’s leading renewable energy developer, have agreed to establish a joint venture company, Infinity Power, to develop utility-scale and distributed solar energy and wind power projects …

UAE strongly condemns attack on military site in Niger

ABU DHABI, The United Arab Emirates has strongly condemned the attack targeting a military site in Niger, which resulted in numerous deaths and injuries.

In a statement, the Ministry of Foreign Affairs and International Cooperation affirmed that the UAE expresses …

OPEC daily basket price down $0.31 a barrel Wednesday

VIENNA, The price of OPEC basket of fourteen crudes stood at US$65.32 a barrel on Wednesday, 15th January, compared with $65.63 the previous day, according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, includes a mix …