SirajPower completes Al Tajir Glass solar rooftop project
SirajPower, a leading distributed solar energy provider in the region, has announced the completion of work on the solar rooftop project within the Al Tajir Glass Industries’ facility in Jebel Ali Industrial Area, Dubai. Announcing the successful commissioning of the plant, SirajPower said it was now fully operational and would be generating 4.6GWh […]
UAE’s Al Ansari Financial Services net profit up 7%, looks to add branches
The UAE-based Al Ansari Financial Services has seen its profit grow by 7.2% year-on-year (yoy) to 133 million UAE dirhams($36.2 million) in its first set of financial results post IPO and said it plans to add branches in its home market. Operating income grew by 9.1% to AED 287 million, while total assets grew to […]
COP28 President-Designate convenes CEO decarbonisation roundtable at UAE Climate Tech Forum
COP28 President-Designate Dr. c convened a CEO roundtable on the sidelines of the UAE Climate Tech forum, bringing together oil and gas, heavy emitting industries, technology providers, bankers and financial institutions to discuss, debate and find tangible solutions to address the urgent need for decarbonisation and emissions reduction. The roundtable follows the call to […]
UAE at forefront of global crisis management, experts agree at CEMS Abu Dhabi
The Crisis and Emergency Management Summit (CEMS) – Abu Dhabi, which concluded yesterday, provided a global platform for experts and specialists to shed light on the UAE’s experience as a world-leading model in emergency and crisis management. The summit gathered experts and specialists from around the world to discuss future forecasting and strive towards adopting […]
ADNOC Drilling posts 25% jump in Q1 net profit
ADNOC Drilling Co., a subsidiary of Abu Dhabi’s state oil company ADNOC, reported a Q1 2023 net profit of $219 million, 25% higher year-on-year (yoy) on the driven by onshore and oilfield services segments. The net profit fell shy of analysts’ mean estimate of $229.50 million, according to data compiled by Refinitiv’s Eikon. Revenue for […]
Emirates airline earmarks $200mln fund for sustainability research
Emirates airline has announced a $200 million sustainability R&D fund aimed to reduce the impact of fossil fuels in aviation. According to Emirates, it is the biggest single commitment by any airline for sustainability, with funds to be disbursed over three years. The airline will identify partnerships with leading organisations working on solutions in advanced […]