COP28: Radisson rolls out Net Zero Nights initiative in the UAE

To coincide with the upcoming COP28 summit that will begin at the end of this month in Dubai, Radisson Hotel Group has introduced a new initiative called Net Zero Nights. During the 13 days of the UNFCCC COP28 conference, the group said that it would be “making sustainability the default option for all guests staying […]

Dubai approves major plans to boost economy, extends policy banning single-use plastics

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, approved a set of new initiatives to enable growth in Dubai’s industrial sector, incentives for the agricultural technology sector, and a policy banning single-use plastics, at a recent meeting of the council. Sheikh Hamdan said: “We approved […]

DIFC to host first Future Sustainability Forum in Dubai

Dubai International Financial Centre (DIFC) has announced it will host the inaugural edition of the Future Sustainability Forum ahead of COP28. Set to galvanise key stakeholders, including the finance and insurance sectors, towards accelerating net-zero goals, the forum offers a platform to explore future sustainability and climate technologies critical for the world’s net-zero agenda and […]

Mohammed bin Rashid Al Maktoum Solar Park: A global model for clean energy leadership

  The UAE is among the largest countries in the world to invest in clean and renewable energy projects and was the first country in the Middle East and North Africa to launch a strategic initiative to achieve net-zero carbon emissions by 2050. During the Year of Sustainability, it hosts the Conference of the Parties […]

Abu Dhai’s Mubadala invests in CoolIT Systems alongside KKR

Mubadala Investment Company has announced that it invested alongside investment funds managed by KKR, a leading global investment firm, in the acquisition of CoolIT Systems (CoolIT), which was announced on 2nd May 2023. Headquartered in Calgary, Canada, with operations across North America, China and Taiwan, CoolIT specialises in scalable liquid cooling solutions for the world’s […]

EDB sets $27.23mln for food security; launches AgriTech loans

Emirates Development Bank (EDB) is set to allocate a substantial AED100 million ($27.23 million) for UAE’s food security sector besides launching the country’s first-of-its-kind AgriTech Loans Programme. The programme offers green- and brownfield project financing, CAPEX and working capital financing, and medium-term loans or working capital amounts of up to AED5 million with competitive rates […]

Al Fattan Holding Investment signs $20mln investment with LTechUVC

 Al Fattan Holding Investment recently announced that it will invest $20 million in Abu Dhabi for green hydrogen and ammonia manufacturing business with LTechUVC, a Korean energy company. The ‘Green Hydrogen and Ammonia Production Project’ is a 200 MW green hydrogen and ammonia manufacturing project in Abu Dhabi with a total project cost of $400 […]

Masdar City completes LEED ratings for all Masdar Green REIT assets

  Masdar City has secured the LEED Gold O+M (operations and maintenance) rating for the corporate headquarters buildings of IRENA, Masdar City, and Tabreed, meaning that each building owned by the Masdar Green REIT is now rated LEED Platinum or Gold. Leadership in Energy and Environmental Design (LEED) ratings, provided by the US Green Building […]

Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region

Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements in just 8 years of operations have made it the fastest-growing international financial centre (IFC) in the MENA region in terms of numbers as well […]

Masdar plans huge increase in clean energy capacity

  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years and is on track to fulfil its ambition of becoming one of the world’s largest renewable energy companies by 2030. According to the company’s Sustainability Report, Masdar achieved a clean […]