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Business, Economy

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Chinese firm announces $5bn investment in solar power chain in UAE

This picture taken on November 28, 2009 shows a security guard standing under solar panels at the entrance of solar cell maker Trina Solar in Changzhou. AFP
By TRENDS Desk
December 8, 2023 8:04 am
  • Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
  • The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain

Dubai, UAE – Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create an integrated solar power generation chain in the UAE, its CEO Katherine Gao said.

The project is expected to create jobs for more than 7,000 people. Gao said

Speaking to the Emirates News Agency (WAM), Gao described COP28 as an inspiring platform for leading companies to showcase their innovative services and smart solutions in the fields of new and renewable energy.

The event, she added, provides an opportunity to exchange solutions with industry leaders, governments, and communities in the UAE to integrate environmental practices across the supply chain.

Gao also highlighted the strong partnership between the UAE and China in renewable energy. Trina Solar has provided a number of services and products to some of the UAE’s major solar power projects since 2012.

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