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 […]
Central Bank of UAE issues its 2022 Annual Report on monetary, financial stability
The Central Bank of the UAE (CBUAE) issued its 2022 Annual Report, highlighting its progress and initiatives to bolster monetary and financial stability in the UAE throughout the year. The report highlighted the CBUAE’s monitoring and supervision efforts to enhance monetary stability and the financial sector’s resilience and support economic activity in the […]
UAE’s Khazna to enter Egyptian market with Benya through $250mln investment
Khazna Data Centers, headquartered in the UAE, unveiled its plan to enter the Egyptian market with Benya Group through an investment worth $250 million to build a state-of-the-art data centre which will be Egypt’s first hyper-scale data centre. The project will be built at the Maadi Technology Park, the first specialised investment zone in Egypt, […]
Abu Dhabi to implement Demand Side Management regulations from 1 July
Abu Dhabi’s Department of Energy announced that it aims to implement its Demand Side Management (DSM) regulations from 1 July 2023. These regulations form a comprehensive framework for designing, implementing, and evaluating energy and water efficiency initiatives related to DSM, DoE said in a press statement. Additionally, the new regulations will better allocate or rationalise […]
UAE Climate Tech forum kicks off in Abu Dhabi with 1,000 technology and climate leaders
The UAE Climate Tech forum, with the participation of over 1,000 policymakers, CEOs, experts, specialists, technology sector leaders and investors from around the world, kicked off today at the Abu Dhabi National Exhibition Centre. The two-day event, organised by the Ministry of Industry and Advanced Technology (MoIAT) in partnership with ADNOC and Abu Dhabi […]