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Ewec issues RFP for the 3.3 GW Al Nouf power plant
The project is slated for commercial operations in 3Q 2029
THIS MORNING: EU antitrust regulators set to give their OK to Adnoc for Covestro takeover + Fed likely to keep rates unchanged at meeting today
Plus: The UAE now aims to increase Islamic bank assets to AED 2.6 tn within six years
S1 project to become solely a flexible natural gas-based power plant
Plus: Mashreq leads Azerbaijan bank’s debut MENA syndicated financing
Taqa to develop 1 GW open-cycle gas turbine in Abu Dhabi
Taqa Transmission will develop power grid infrastructure to integrate the generation capacity with “new sources of energy demand”
More direct flights to China + IHC eyes Lunate’s Ghaf Benefits scheme
PLUS: Ewec to power 22 Burjeel Holdings’ facilities with green energy
THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment
Plus: FTX disputes Dubai-based Backpack’s acquisition of FTX EU
TAQA hits financial close on AED 1.6 bn desalination project
71% of the funding is debt financing from local and international banks
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