DWTC’s One Central to use AI platform to drive energy management

Property operations software platform Facilio has announced an agreement with Dubai World Trade Centre’s One Central, a grade-A commercial development, to optimise energy consumption and reduce carbon emissions using a software-led approach. One Central will see the deployment of Facilio’s IoT-led connected buildings solution, which uses AI and machine learning to analyse and benchmark building […]

Dubai DIFC’s 2022 revenue tops $272mln for first time

Dubai International Financial Centre (DIFC) added new companies to its register and grew revenue to over 1 billion dirhams ($272 million) for the first time. The number of active companies in the financial freezone is now 4,377, up 20% year-on-year, a Dubai Media Office statement said on Monday. In 2022, DIFC’s combined revenue grew 18% […]

UAE: EDGE signs major $1.07bln milestone deal with Angolan Navy

    EDGE Group today signed a major €1 billion (US$1.07) milestone contract which will see leading shipbuilder Abu Dhabi Ship Building (ADSB) build a fleet of best-in-class 71-metre corvettes for the Angolan Navy. The BR71 MKII corvette is a highly sophisticated vessel fitted with advanced mission systems, including a 3D radar, electronic warfare suite, […]

UAE’s TAQA, France’s Engie sign deal with EWEC for water desalination plant

Abu Dhabi National Energy Company, also known as TAQA, and French multinational utility firm Engie, have signed an agreement with Emirates Water and Electricity Company for the development of a desalination facility in the UAE capital. The Mirfa 2 Reverse Osmosis (M2 RO) Independent Water Project, which is expected to produce 120 million gallons of […]