The National Energy Company of Abu Dhabi (TAQA) made public its profits for the first quarter of this year. It announced an 89% fall from the first quarter of last year – AED40m versus last year’s AED398m. According to TAQA, such decline in profits was due to much lower oil and gas prices and worse currency exchange rates. The chief executive of the company, 75% of which belongs to the government, called the first three months of this year "the most challenging to date"... Read more »