ADNOC Drilling Company PJSC has signed a $75 million agreement with Honghua Golden Coast for the purchase of six new-build hybrid power land rigs.
The rigs will progressively enter the fleet in Q2 2024, with partial revenue and EBITDA contributions in 2024 and full-year contributions from all rigs in 2025.
The Al Habtoor Group has appointed China Railway 18th Bureau Group as the main contractor for its $1 billion Al Habtoor Tower, the largest residential building in the world.
The project, which is being built in Dubai, will comprise 1,701 keys over a built-up area of 3,517,313 square feet and 81 floors above ground.
Emirates Park Zoo & Resort has successfully completed a massive beach clean-up at Al Bahia Beach in Abu Dhabi.
Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) will jointly invest $2.4 billion in a project to provide sustainable water supply to Adnoc's onshore operations.
The initiative will consist of a centralised seawater treatment facility and transportation network for the Bab and Bu Hasa fields in Abu Dhabi.
noon.com's food delivery service, noon Food, is taking a step towards sustainability by introducing electric bikes into its Dubai fleet.
The e-bikes are equipped with electric motors and can be charged in a few hours, making them a perfect choice for food delivery services.
The use of e-bikes for food delivery is quickly gaining popularity in Dubai, revolutionising the delivery industry in the city.
Rolls-Royce has successfully completed the first tests of its UltraFan technology demonstrator, marking the first time in 54 years that the aero-engine manufacturer has tested a brand-new engine architecture.
The tests were conducted using 100% Sustainable Aviation Fuel (SAF), derived primarily from waste-based sustainable feedstocks such as used cooking oils.