UAE-based National Petroleum Construction Company signed an agreement with French engineering technology company Technip Energies to set up a joint venture that will focus on energy transition.
The agreement was signed on Tuesday on the sidelines of President Sheikh Mohamed's visit to Paris, during which the UAE and France also signed a comprehensive strategic energy partnership.
Based in Abu Dhabi, the new joint venture, NT Energies, will support energy transition in the UAE and the wider Mena region by providing value-added services in the blue and green hydrogen sector, related decarbonisation projects and the capture of carbon dioxide, said NPCC, a subsidiary of the National Marine Dredging Company.
NT Energies will also focus on industrial projects in the fields of waste-to-energy, biorefining, biochemistry, as well as other themes related to the energy transition.
The move will support “energy transition and decarbonisation in line with the UAE’s strategy to take positive and effective climate change actions to ensure a decarbonised future”, said Yasser Zaghloul, group chief executive at the National Marine Dredging Company.
“This agreement with Technip Energies opens up new opportunities for sharing expertise in the field of sustainable energy and aligns with our expansion plans and ongoing search for new ways to strengthen global partnerships in line with our strategic vision of continuous growth.”
The UAE is stepping up efforts to hit its target to reach net zero emissions by 2050 through a wide-ranging green strategy focused on a shift to renewable energy and the use of new technology, which will help to reduce carbon emission levels.
The country plans to invest Dh600 billion ($164bn) in clean and renewable energy sources over the next three decades to achieve its ambitions.
A big focus is on hydrogen. The UAE aims to capture about 25 per cent of the global hydrogen market share and is in discussions with many countries to export it, Minister of Energy and Infrastructure Suhail Al Mazrouei said earlier this year.
Last month, the Abu Dhabi Department of Energy also said that it was developing a hydrogen policy with new regulations and standards, and aimed to become a “leader in the international hydrogen market” as the demand for the clean fuel grows worldwide.
“The new joint venture aims to promote a culture of sustainability and supports the best environmental practices in light of our government's commitment to moving toward clean energy sources,” said NPCC chief executive Ahmed Al Dhaheri.
The venture will also provide onshore and offshore oil and gasfield services, building and energy efficiency services, oil tank installations and repairs, as well as the installation, maintenance and manufacture of alternative energy equipment.
It will also offer oil and gas facilities consultancy services and engineering consultations on alternative energy and research.
“We are confident that NT Energies will be able to rapidly bring to life the energy transition infrastructures that the UAE and Mena region require, both domestically and for exports, particularly in the areas of power to gas, blue or green hydrogen and ammonia, [carbon dioxide] management, sustainable fuels and circularity,” said Technip Energies chief executive Arnaud Pieton.
“Our collaboration will help to further develop local competencies, increase in-country value and co-operate to break down barriers to engineer a sustainable future.”
Under the strategic energy partnership signed between the UAE and France, the two countries will focus on enhanced energy security, affordability and decarbonisation, and progressive climate action before Cop28, which is set to take place in the UAE in 2023, state news agency Wam reported.
During Sheikh Mohamed's visit, Abu Dhabi's Adnoc also signed a strategic partnership agreement with TotalEnergies.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
UAE currency: the story behind the money in your pockets
SCHEDULE
December 8: UAE v USA (Sharjah Cricket Stadium)
December 9: USA v Scotland (Sharjah Cricket Stadium)
December 11: UAE v Scotland (Sharjah Cricket Stadium)
December 12: UAE v USA (ICC Academy Oval 1)
December 14: USA v Scotland (ICC Academy Oval 1)
December 15: UAE v Scotland (ICC Academy Oval 1)
All matches start at 10am
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Dubai Creek Open in numbers
- The Dubai Creek Open is the 10th tournament on this year's Mena Tour
- It is the first of five events before the season-concluding Mena Tour Championship
- This week's field comprises 120 players, 21 of which are amateurs
- 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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New Zealand 21 British & Irish Lions 24
New Zealand
Penalties: Barrett (7)
British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell
UAE currency: the story behind the money in your pockets
How to volunteer
The UAE volunteers campaign can be reached at www.volunteers.ae , or by calling 800-VOLAE (80086523), or emailing info@volunteers.ae.
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
