Energy Markets
Elum Energy Targets Middle East Growth with Participation in World Future Energy Summit
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In company news, Elum Energy has announced its participation in the World Future Energy Summit, to be held at the ADNEC Centre in Abu Dhabi from January 13–15, 2026. The company will exhibit at Booth 6004 and highlighted the growing momentum in the UAE’s clean energy transition, referencing national targets of 32% renewables in the total energy mix by 2030 and 44% by 2040. Elum Energy emphasized its focus on control and monitoring solutions for hybrid energy systems. For investors, this participation signals the company's intent to strengthen its presence in the Middle East, a market with significant renewable energy deployment plans. Increased visibility at the summit could support new business development and potential revenue growth, positioning the company to benefit from regional infrastructure investment.
A separate market update notes that U.S. stock markets are open for regular trading hours on New Year's Eve, December 31st, but will be closed on Thursday, January 1st, for New Year’s Day. Regular hours will resume on Friday, January 2nd. The article briefly discusses the potential "holiday effect" on markets, referencing typical pre-holiday optimism and post-holiday trading patterns.
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