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renewable energy
Sustainability
Abu Dhabi’s Masdar completes 49 percent stake acquisition in U.K. offshore wind project
Plant aims to power 3 million British homes
Sustainability
ADNOC recognized as top NOC investor in low-carbon solutions: Report
The company was also ranked 5th largest investor in the industry in 2023
Egypt
Egypt inks 7 agreements with international developers to attract $41 billion over 10 years
The agreements are centered in the fields of green hydrogen and renewable energy
Hospitality & Tourism
Oman reveals plans for new $2.4 billion mountain destination on Jabal Al Akhdar
The destination is expected to attract more than 8,000 residents and an average of 2,350 overnight visitors and 2,000 daily visitors.
Saudi Arabia
Saudi Arabia launches clean diesel, Euro-5 gasoline in local markets
The move solidifies the Kingdom's position as a leader in sustainable efforts within the Middle East and North Africa region
Banking & Finance
EDB’s contribution to industrial GDP grows 80 percent in 2023
Fueling UAE's economic growth and industrial advancement
Industry
PIF-backed Alat signs global agreements to enhance sustainable technology manufacturing
The company seeks to invest $100 billion by 2030 to strengthen the tech industry
Sustainability
ADNOC Distribution ties up with NWTN to offer EV maintenance services in UAE
Introducing authorized quick service stations for range-extended Rabdan one EVs
Energy
TAQA net profit up 107 percent at $4.5 billion in 2023
Growth driven by strong demand for transmission and distribution services
Economy
Dewa’s Q4 2023 profits surge 14.6 percent
Robust financial performance driven by increased demand and clean energy initiatives
Sustainability
DSCE adopts green energy and sustainable initiatives to support infrastructure
Meeting highlights initiatives to enhance fuel distribution and promote green vehicle fleet management
Economy
Qatar’s economic growth normalizing: IMF report highlights resilience, favorable outlook
Expansion in LNG production and reforms to drive average growth of 5.5 percent
Industry
Saudi Arabia’s tech firm ‘Alat’ names Amit Midha as global CEO
Collaboration with leading corporations to innovate and revolutionize industries
Economy
Global M&A market falls to $3.2 trillion in 2023
Middle East resilience boosts potential in 2024
Logistics
Emirates first airline to join U.K. low carbon investment initiative, The Solent Cluster
Taking flight towards a low carbon future, greener aviation industry
Sustainability
ADNOC, TAQA $3.8 billion offshore electrification and decarbonization project begins operations
Project involves world's largest power cable-laying vessel, Leonardo da Vinci
Saudi Arabia
Red Sea Global pioneers sustainable transportation with low-carbon SAF policy
Company's entire fleet of onshore vehicles now run on electricity or SAF
Sustainability
IEA: UAE’s electricity from renewable sources to rise 12% by 2026
UAE set to operate the fourth reactor at Barakah Nuclear Energy Plant this year
Energy
Chinese startup introduces innovative nuclear battery
Atomic energy breakthrough could revolutionize tech industries
Saudi Arabia
Saudi ACWA Power signs $1.5bn wind energy deal with Egypt
Project aims to generate 1.1 gigawatts of power
Sustainability
Global renewable energy capacity surges by 50 percent in 2023
China records largest growth, exceeding IEA's forecast
Saudi Arabia
Promoting innovation and sustainability: Saudi Energy Ministry joins forces with NEOM
Agreement includes monitoring progress and identifying areas for improvement
Sustainability
China operates world’s largest high-altitude wind farm in Tibet
Boasting a capacity of 200 million kilowatt-hours
Saudi Arabia
Saudi Arabia signs 7 agreements to localize the energy sector
Localizing the energy sector and employing graduates specialized in renewable energy
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