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

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

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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

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

Yasser Abdul Malak, Chairman & CEO of Nestle Middle East & North Africa

Yasser Abdul Malak appointed as MENA chairman and CEO of Nestlé

Nestlé MENA employs over 15,000 people in 19 countries, operates 25 factories , and achieved annual sales of nearly $3bn in 2020

UAE security

UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi

The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable

Emirates Burj Khalifa Dubai

Video: Emirates releases behind-the-scenes footage of latest Burj Khalifa promo in Dubai

The flypast involved the A380 flying at an altitude of only 2,700 feet, the exact height of Burj Khalifa, at a very low speed of 145 knots

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

UAE reports 2,989 Covid-19 cases, 4 deaths

The nationwide case count has risen to 808,237

Abu Dhabi Police confirms explosion of three petroleum tankers

Preliminary investigations suggest that the cause of the fires are small flying objects, possibly belonging to drones

Dubai Palm Jumeirah

Sharjah’s Arada enters Dubai property market, purchases Dhs240m land at Palm Jumeirah

The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel

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Sporting tours with Eric Cantona are offered by this Abu Dhabi startup

Looking FC offers four-day journeys designed by Cantona that take visitors on a sporting pilgrimage to discover worldwide football locations

Moelis wins another top Dubai IPO role with Salik mandate

The toll system could add additional banks before the listing

UAE Central Bank

UAE bank deposits grew 80 per cent in 10 years

The number of commercial banks operating in the UAE totalled 58 in 2020 against 51 in 2010

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi announces launch of three new routes

The low-cost carrier will begin flights to Nur-Sultan in Kazakhstan, Yerevan in Armenia, and Krasnodar in Russia next month

Mohammed bin Rashid Al Maktoum Solar Park

Production in Dubai’s Mohammed bin Rashid Al Maktoum Solar Park increases to 330MW

The clean energy share is currently 11.38 per cent of Dubai’s energy mix, and will reach 13.3 per cent in Q1 2022

Injazat UAE National Security Council

Intersec 2022: Injazat signs MoU with UAE National Cyber Security Council

The agreement focuses on cyber-attack detection and response services and will enable all government and semi-government entities in the country to be safeguarded

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year

Sustainable developments: Are they the future of real estate?

Legislation on minimum acceptable green standards, new building codes, new sustainable building materials and even the use and disposal of construction waste, will be required in the immediate future

Power Letters 2022: Yousuf Fakhruddin, CEO, Fakhruddin Properties

Infrastructure and real estate developments need to prioritise environment-friendly architecture and design today for a viable tomorrow