Sheikh Mohammed unveils the largest CSP project

Sheikh Mohammed opens world’s largest concentrated solar farm

The fourth phase of the solar park is expected to power 320,000 homes and offset 1.6 million tonnes of carbon emissions per year

UAE’s FAB to provide $135bn in green finance by 2030

UAE’s FAB to provide $135bn in green finance by 2030

The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen

How AWS is supporting MENA’s cloud journey

Exclusive: Jonathan Allen on how AWS is supporting MENA’s cloud journey

AWS’ director of enterprise strategy tells Gulf Business that the company has three data centres in the UAE and Bahrain, giving customers access to key cloud computing services

President Putin in rare foreign visit to UAE, Saudi Arabia

President Putin visits UAE and Saudi Arabia, to meet Crown Prince Mohammed bin Salman

The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

UAE ransomware

Hackers are targetting UAE, Saudi businesses’ cloud services — survey

The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.

food

Food Tech Valley’s ‘GigaFarm’ capable of growing 2 billion plants

ReFarm and IGS announced the partnership from their demonstration facility in Dubai

Air conditioning condensers on the roof of a large building. (cooling)

Near zero emission cooling possible by 2050: Report

Led by the COP28 UAE Presidency, the Global Cooling Pledge, sets out a series of commitments by governments that will accelerate emission reductions from energy use and refrigerants

McLaren

Dubai Police adds McLaren Artura hybrid supercar to patrol fleet

A top speed of 330 kilometres per hour and an acceleration of 0-100 kilometres per hour in 3 seconds make it one of the fastest supercars on the market

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

Masdar, Iberdrola to co-invest in clean energy projects

Abu Dhabi’s Masdar, Iberdrola to co-invest EUR15bn in clean energy projects

The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project

Qatar’s Ooredoo, Zain and TASC to create 2.2bn tower company

Qatar’s Ooredoo, Zain and TASC to create $2.2bn tower company

The new tower entity is expected to achieve run-rate revenues close to $500m annually

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Hummer ev

GMC Hummer Ultium EV Pickup: A re-invented legend

The Hummer Ultium EV Pickup’s reinvention underscores the revolution taking place in the global automotive industry

From aerial taxis to smart streetlights: Dubai’s RTA green lights Dhs2.5bn in deals

Dubai’s Roads and Transport Authority (RTA) has approved a new set of ten public-private partnership developments for 2024-2026

MASTERCARD

Interview: Mastercard’s Andrea Prazakova on navigating the sustainability transition

Mastercard’s position at the critical juncture of finance and sustainability allows it to influence the transition to net zero

rupee

India’s rupee hits fresh new low against UAE dirham

India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength

DFSA waives fees on ESG listings on Nasdaq Dubai

DFSA scraps regulatory fees on ESG listings on Nasdaq Dubai

The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority

siranna new destination launched by NEOM Image NEOM

Saudi Arabia: What NEOM’s new destination, Siranna, has to offer

Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences

Cop28 Saudi Arabia clean energy focus Saudi Green Initiative Forum

Saudi Arabia sees 300% rise in installed renewables capacity

The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy

UAE unveils World Fire Emission Reduction Alliance Image Dubai Media Office

UAE unveils World Fire Emission Reduction Alliance at COP28

The signatories collectively represent over 56 countries globally, establishing a wide-ranging global alliance dedicated to reinforcing security, disaster prevention

Dubai Calendar events in December 2023 -Winter Garden at Habtoor Palace Dubai until 31 January

Dubai Calendar: Here’s a lineup of sport, festive, music, NYE events in Dec 2023

Dubai Calendar has revealed an exciting array of events in December, including DSF, Sole DXB, Winter Garden and other events

Dr Sultan Ahmed al Jaber-COP28-president-designate Image COP28

COP28 UAE: Dr Sultan Al Jaber recaps key wins of first 4 days

“Tackling methane will have a massive near-term impact on keeping 1.5 within reach, and that’s why I am putting it at the top of my agenda,” Dr Al Jaber said during his briefing

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

PIF to acquire 49% stake in Rocco Forte

Saudi wealth fund PIF to acquire 49% stake in Rocco Forte Hotels

The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval

PureHealth seeks to raise Dhs3.62bn from IPO

UAE’s Purehealth seeks to raise Dhs3.62bn from IPO

The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital

UAE UNION DAY RULES

UAE: 14 rules you need to know for Union Day

The MOI published a notification on its social media accounts enumerating the rules that had been put in place to ensure a respectful celebration

UAE Union Day 2023: Free parking, toll announced in Abu Dhabi

Free parking, toll announced in Abu Dhabi for Union Day

ITC said surface parking will be free during the holiday from Saturday, December 2, until 7:59 a.m. on Tuesday December 5

President Sheikh Mohamed in South Korea

UAE President Sheikh Mohamed unveils $30bn climate fund

The country has invested $100bn in climate action and renewable energy, and is committed to investing an additional $130bn over the next seven years

casino

Casino update: Dubai awards biggest island construction contract to house MGM, Bellagio

Located off the coast of Umm Suqeim, The Island is expected to feature major casino properties with 1,400 hotel rooms and apartments