Abu Dhabi plans solar, water plants in drive for net-zero target

The emirate will build two solar plants and two waste-to-energy plants, adding 2.15 gigawatts of power

Sharjah Islamic Bank

Sharjah Islamic Bank’s 2021 net profit up 27% to Dhs514.1m

Its general and administrative expenses at the end of last year stood at Dhs576.8m, compared to Dhs561.5m in 2020

Saudi Crown Prince unveils new hospitality brand to revive kingdom’s heritage

The Boutique Group will transform historic and cultural palaces into luxurious boutique hotels in Saudi Arabia

UAE reports 3,014 Covid-19 cases, 1,067 recoveries

The nationwide case count has risen to 816,945

Dubai’s Emirates to resume full US operations this week

Services to Chicago, Dallas Fort Worth, Miami, Newark, Orlando and Seattle will resume from January 21

Salem AlMarri appointed director general of UAE’s Mohammed Bin Rashid Space Centre

He previously held the post of the centre’s deputy director general

Dubai

UAE’s Property Finder acquires proptech firm Homevalue

Fouad Bekkar, founder and CEO of Homevalue has joined Property Finder and takes on the role of vice president in charge of data and AI

Abu Dhabi’s Masdar, ENGIE sign agreement with Fertiglobe to develop green hydrogen

The three companies will study the development, design, financing, operation, and maintenance of an industrial-scale facility in Al Ruwais, Abu Dhabi

Sir Tim Clark Emirates Airlines - Boeing

US 5G rollout ‘utterly irresponsible’, says Emirates president

Sir Tim Clark noted that the airline wouldn’t take any risks

Tadweer

Abu Dhabi’s Tadweer signs four contracts worth Dhs235m

These include the complete management of controlled waste landfills as well as pest control services in the emirate

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Sequoia picks Saudi fintech for first Gulf deal as foray expands

Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt

OPEC+ alone cannot solve world’s oil-supply issues, UAE says

Crude prices rallied to a seven-year high above $89 a barrel in London on Wednesday

Abu Dhabi Global Market

Abu Dhabi Global Market becomes world’s first carbon-neutral international financial centre

ADGM purchased and retired all its 2021 carbon credits via the Rimba Raya project in Indonesia

covid-19 test students

Abu Dhabi: Covid-19 PCR tests mandatory for students returning to campus

Abu Dhabi has approved a two-stage return to in-classroom learning for students at public and private educational institutions starting Monday, January 24

Etihad corporate conscious choices

Abu Dhabi’s Etihad launches green loyalty programme for corporates

Corporate Conscious Choices has been developed around initiatives such as sustainable aviation fuel investments, green surcharge fares and carbon offsets

UAE’s Aldar to reduce carbon emissions by 80,000 tons annually across assets

It will enable Aldar to save approximately Dhs40m per year in energy consumption costs

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Covid-19: UAE reports 2,902 cases, 1,285 recoveries

The nationwide case count has risen to 813,931

Cafu Sirajpower Creek renewable energy

Cafu partners with SirajPower for on-demand transportable lithium-ion batteries in UAE

The battery storage systems used by Hypr will be developed by SirajPower, a Creek portfolio company with over 200 solar sites across the UAE

Aldar properties

Aldar to develop Dhs1.8bn The Sustainable City – Yas Island project in Abu Dhabi

The community will span an area of 397,000 sqm in Yas North, with construction scheduled to commence in Q4 2022

Mubadala Energy

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Getty Images

Dubai issues 72,152 new business licences in 2021

A total of 59 per cent of these were professional licences, while 41 per cent were commercial

Emirates Dubai USA

Dubai’s Emirates suspends flights to nine US destinations

The airline cited operational concerns with the planned deployment of 5G mobile network services at certain airports in the US

Marc Jones Motivate Talent

Five minutes with…Marc Jones, head of Motivate Talent

Part of the Dubai-headquartered Motivate Media Group, Motivate Talent aims to be the platform of choice for global personalities seeking inroads within the region

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

Covid-19 update: UAE reports 2,792 cases, 1,166 recoveries

The nationwide case count has risen to 811,029

Abu Dhabi’s Masdar to explore renewable energy export from Indonesia to Singapore

Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035

Expo 2020 Dubai visits cross 10 million as of January 18

All Expo visitors aged 18 and above must show either proof of vaccination or a negative PCR test result taken within the previous 72 hours

UAE launches Etihad 7 programme to fund renewable energy projects in Africa

The programme aims to supply clean electricity to 100 million people by 2035

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year