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EANAN inks Memorandum of Understanding (MOU) with University of Dubai, Xi’an Jiaotong University and Zhuji SRJ Materials Laboratory

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EANAN

This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved

DUBAI, United Arab Emirates, July 2, 2024/APO Group/ — 

EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research information.

The MoU was signed by Dr Eesa M. Al Bastaki, President of UD, Raymund Scheffler, Shareholder at EANAN, Mr. Cheng Jin, Member of Standing Committee of University Board of XJTU and Dr Lei Li, Executive Director of SRJL during a ceremony in the presence of representatives from all stakeholders. This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved.

As part of this collaboration, a state-of-the-art laboratory will be established at the University of Dubai. This facility aims to promote collaborative efforts between the parties, advance academic research, integrate theoretical knowledge with practical experience, provide students with hands-on training in their field, and strengthen the connections between experts and students from diverse backgrounds. These key objectives align with the rapidly growing Advanced Aerial Mobility industry in the UAE, one of the fastest-expanding markets in aerospace.

Raymund Scheffler, Shareholder of EANAN, said: “We are honoured to collaborate with the key academic and industry specialists including the University of Dubai, XJTU and SRJL to contribute to the development of the field of air mobility. This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector. We look forward to working closely with our partners to foster competence exchange, cultivate talent, and make a tangible impact on the industry.”

This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector

The setting up of an exclusive laboratory at Dubai holds significance as it seeks to further strengthen ties between the UAE and China, fostering innovation and technological advancements through shared expertise and resources.

Dr Eesa M. Al Bastaki, President University of Dubai: “We, at the University of Dubai, are pleased to enter into a strategic partnership with EANAN, one of the leading technology companies in the UAE, along with XJTU and SRJL. This important agreement aims to strengthen academic cooperation and create a fruitful platform for scientific research.  It further aligns with our mission to establish deep collaboration between the UAE and international academic and business societies as well as to establish robust ties to different cultures. Furthermore, we are thrilled to be part of this key partnership as it plays a vital role in supporting the UAE’s ambitious goal to become a global leader in the air mobility and electric motors industry by promoting the development of innovative technologies in this sector.”

Cheng Jin, Member of Standing Committee of University Board of XJTU: “XJTU is currently pursuing a strategy for integration of education and industries. Collaborations with UD, EANAN, SRJL through this MoU are a very important part of this strategy and will be mutually beneficial to all the parties involved. The establishment of the joint laboratory will certainly provide a great opportunity for academic and research staff to get insight into the related fields. The platform will serve as an important base for achieving remarkable progress in science, research and industries in the future. Moreover, it will act as an important link among our partners, as well as between China and the UAE, promoting cooperation and strengthening the friendship between the people in the two countries.”

Dr Lei Li, Executive Director of SRJL: “As a high-energy R&D and industrial incubation platform based on international cooperation, the SRJL focuses on the research of key common technologies in material surface treatment and material body enhancement. The establishment of this joint laboratory signifies that we will engage in deeper cooperation in broader fields such as new materials, new energy equipment, and aircraft power systems. We will work together with a more pragmatic attitude and keen insight to overcome difficulties on the path of scientific research and pursue higher technological achievements.”

In line with the collaboration, the University of Dubai will offer all on-site support and facilities required for the establishment of the laboratory while EANAN will be responsible for confirming its functionality. The MOU enables parties to send delegates to learn each other’s educational system and curriculum design. Additionally, the agreement mandates that postdoctoral from all of the parties should fulfil the requirements set forth by the receiving party to be admitted to a degree-granting or non-degree-granting programme.

Established in Dubai, EANAN is the first company to deliver autonomous multi-copter and flying wing aircraft from its production facility in the country surpassing the rigorous demands and regulatory requirements of the aviation industry.

Distributed by APO Group on behalf of Eanan Al Samma.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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