Browsing: Taqa

The combined market capitalisation of the 20 largest companies listed on the UAE’s stock exchanges reached AED 2.8T this week. This figure is expected to rise further as part of plans to double the market’s overall value to AED 6T in the coming years.

Abu Dhabi National Energy Company (TAQA) reported revenues of AED 27.2B ($7.4B), up 2 per cent from the previous half of 2023, due to contributions from its recent acquisition, Sustainable Water Solutions Holding (SWS Holding), and steady returns from its Transmission and Distribution business.

In the coming years, Romania is anticipated to tap into its considerable energy reserves in the Black Sea region, establishing itself as one of Europe’s major sources of sustainable energy for the continent. The energy potential of the Black Sea, combined with strategic connections to the EU, positions Romania as a potential energy hub.

Adnoc Distribution, in the UAE, is set to quicken the expansion of electric vehicle (EV) charging points at its various locations in the next year.
According to its CEO, the company aims to have 50 operational charging points by the close of 2023, with a specific emphasis on highways where demand is higher. With over 500 service stations, Adnoc Distribution plans to play a crucial role in facilitating the increasing demand for EV cars.