UAE’s Masdar acquires 50% stake in US project from EDF Renewables
State-owned Masdar, the UAE’s biggest renewables company, has completed the acquisition of a 50% stake in a combined solar and battery storage project in California. In a statement issued by the Abu Dhabi-based operator on Wednesday, the financial details of the deal were not disclosed. The stake in the Big Beau project, which was first […]
Abu Dhabi’s TAQA establishes green finance framework
Abu Dhabi-listed energy and utilities company TAQA is establishing a green finance framework to issue green bonds, sukuks, loans and other debt instruments, to contribute to its ESG targets and the UAE’s Net Zero by 2050 ambitions. The company said in a statement that proceeds will go to eligible green projects, including renewable energy, energy […]
Sharjah records real estate transactions worth $463mln in March
The real estate sector in Sharjah continued to thrive during March 2023, as the volume of real estate transactions in the emirate reached AED1.7 billion. This reflects the continued growth and prosperity of the real estate sector in Sharjah, and its success in building and ensuring a motivating, attracting, and supportive environment for business […]
Dubai’s Museum of Future to host annual ‘Machines Can See’ summit
The magnificent Dubai Museum of the Future will host the annual international ‘Machines Can See’ summit to explore the future of computer vision and machine learning. With the support of the Ministry for Artificial Intelligence, Digital Economy and Remote Work Applications, and Dubai’s Department of Economy and Tourism, the event scheduled for 2nd May 2023, […]
DC Aviation Al-Futtaim expands managed fleet
DC Aviation Al-Futtaim (DCAF), a leading business aviation services provider, has expanded its fleet under management with the addition of two aircraft – a Bombardier Global 6000 and Global 5000. DCAF will operate the new aircraft on behalf of the private owners. The addition of these aircraft brings DCAF’s total number of managed aircraft to […]
EGA joins Australia-based research centre to collaborate on decarbonisation of alumina refining
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has joined Australian research centre HILT CRC to support study into the decarbonisation of alumina refining. HILT CRC (Heavy Industry Low-carbon Transition Cooperative Research Centre) is working on technological breakthroughs in the decarbonisation of the steel, iron, alumina and cement industries. […]