Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

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.

EGA begins planting 10,000 mangroves in Jebel Ali Wildlife Sanctuary

     

    • It has partnered with the UAE-based Storey Group’s One Billion Tree-Planting Initiative for this

    • Mangroves, which grow in tidal areas of the coast, are an important native tree species in the UAE

    The Emirates Global Aluminum, in partnership with the UAE-based Storey Group’s One Billion Tree-Planting Initiative, began on Tuesday, June 15, began planting 10,000 mangroves at the Jebel Ali Wildlife Sanctuary, said local reports.

    Mangroves, which grow in tidal areas of the coast, are an important native tree species in the UAE, said the reports.

    Scientific studies also say mangroves are four times more efficient than any other kinds of tropical forests in processing and reducing greenhouse gases.

    The trees also protect coastal areas from erosion and contribute to the sustainability of coastal ecosystems.

    EGA and the One Billion Tree-Planting Initiative have engaged experts from the Emirates Marine Environmental Group, Dubai’s oldest NGO, to plant the mangrove saplings to ensure the young trees will thrive.

    The initiative is a global campaign spearheaded by the UAE to plant 1 billion trees around the world by the end of 2025, improving lives and livelihoods whilst also helping tackle climate change.

    One feature of the campaign, delivered in partnership with EcoMatcher, a Hong Kong-based benefit or “B” corporation, is its use of blockchain technology to track tree-planting accurately and transparently and to measure carbon sequestration achieved.

    The One Billion Tree-Planting Initiative aims to reach 21 countries by the end of this year and individuals can play a part alongside companies and other organizations.