Page 33 - Murban News Today

Alpha Dhabi Holding acquires key UAE hospitality group ABU DHABI, 3 days ago Alpha Dhabi Holding, one of the fastest-growing construction companies in the region and a subsidiary of IHC, said it has acquired Murban, a privately-owned company.     Founded in 2006, Murban is a leading investment company based in Abu Dhabi with AED 1.7 billion ($500 million) in equity.    Murban is primarily involved in the hospitality industry, with current assets including St Regis at Saadiyat, Al Wat...

Murban, which also owns the Al Wathba Luxury Collection desert resort, has been sold to IHC subsidiary Alpha Dhabi

Crude MOC: Sour complex rangebound; spot market sees minimal activity Benchmark cash Dubai premium against Dubai futures was rangebound at the Asian close May 24, as spot activity in the Middle East crude market for July-loading crude inches towards completion. S&P Global Platts assessed July cash Dubai at a premium of $1.36/b to the same-month Dubai futures at the 4.30 pm Singapore close on May 24, up 4 cents/b from the Asian close on May 21. July cash Oman was pegged at a premium of $1.40/b t...

AUS and Petrofac join hands to improve solar energy efficiency 2 hours ago The Renewable Energy Research Centre in AUS’ College of Engineering is currently working on projects focused on renewable energy. With solar energy a high priority for public and private organizations throughout the UAE and wider region, American University of Sharjah (AUS) and Petrofac have combined forces to increase solar farm efficiency. AUS and Petrofac have developed an IoT edge device...

UAE well positioned to provide low cost, low carbon energy as demand grows ABU DHABI, 5 hours, 19 minutes ago The UAE is well positioned to provide low cost, low carbon energy as global demand returns and is expected to increase in line with economic growth, Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change said.   Speaking during a virtual session of the Columbia Global Energy Summit, Dr Al Jaber said that increased demand for ...

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

This year has seen the UAE make headlines with a number of developments. In addition to its highly successful vaccine rollout, there was the launch of the ICE Futures Abu Dhabi (IFAD) exchange’s ‘Murban’ futures contract. The contract – its launch coincided with the 50th anniversary of the founding of the UAE - is the first crude oil futures contract to be established in the Middle East since the Dubai Mercantile Exchanges commenced its Oman crude futures in 2007. Its launch on March 29...

UAE well-positioned to provide low cost, low carbon energy 12 hours ago Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. FIle Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change said the UAE is well positioned to provide low cost, low carbon energy as global demand returns and is expected to increase in line with economic growth. Speaking during a virtual session of the Columbia Global Energy S...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "The economic landscape is looking quite positive," he said at the Columbia Global Energy Summit, which was webcast. "We are seeing a healthy rebalancing of oil markets. Demand is back up to 95 million b/d." Pre-pandemic global demand levels stood around 100 million b/d, a level OPEC expects will not be reached this year. ADNOC pumps the vast majority of crude in the UAE, which hol...

13 hours Gasoline Shortages Still Lingering Post-Colonial Pipeline Hack 15 hours California Requires Most Uber And Lyft Trips To Be Electric By 2030 17 hours China Bans Teslas At Government Compounds 18 hours Tanzania, Uganda Finalize Oil Pipeline Deal 19 hours Six-Year High Margins Prompt U.S. Refiners To Boost Gasoline Production 1 day UAE: Oil Demand Has Already Increased To 95 Million Bpd ...