Masdar, PLN push to build world’s largest floating solar plant
Dubai, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN,...
Business
TAMM partners with AI71 to use UAE’s Falcon series LLMs
TAMM becomes first to use UAE’s Falcon large language models.
Business
Hub71 to evaluate, endorse applications for Entrepreneur Golden Visa
Applications endorsed by Hub71 will be finalized by Abu Dhabi Residents Office and the Federal Authority For Identity and CitizenshipÂ
Remote monitoring, AI: New additions to RTA’s toolkit
RTA has collaborated with Alibaba Cloud to start trial of ‘City Brain’, which analyzes big data and can eventually improve...
Equipment, vaccine donations help Tunisia battle Covid-19
With 1.4 daily deaths per 100,000 population, Tunisia is second-worst globally on this metric after Namibia
Bahrain to tap debt market to tide over financial crunch
The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billion
Non-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital markets
Wealthy nations cancel Sudan debt worth $14 billion
The remaining of the total $23.5 billion debt will be rescheduled and will likely be canceled in the future, says...
Iran sends team to southwest to tackle water shortages
This month, power generation impacted by drought results in rolling blackouts in the capital Tehran and other large cities
Global economy to grow fastest in 40 years in 2021: Report
Advanced economies, especially the US, drive forecast upgrade as they are expected to grow by 5% in 2021
UAE, Hungary sign agreement to boost economic cooperation, investment protection
The pact aims at securing a comprehensive balance between rights and obligations between investors and the host country
ENOC’s world-first eLink Station: can be relocated, saves space and time
The eLink Station is fully sustainable and includes vapour recovery systems to reduce emissions while loading from storage tanks. It...
Masdar, PLN push to build world’s largest floating solar plant
Dubai, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN,...
Business
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Eshraq Q2 profit $9.79m
Business
Yahsat H1 net income up 5%
Business
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Saudi non-oil activities push Q2 economic growth to 1.2%
Riyadh, Saudi Arabia -- Saudi Arabia’s real GDP grew by 1.2 percent in the second quarter of 2023, compared to...
Economy
G20 shirking ‘critical’ climate issues: UN climate chief
The G20, which accounts for about 85 percent of the world's economy and greenhouse gas emissions, will meet in New...
Geostrategy
Production of pick-up trucks and vans in Iran rises by 52-70%
Tehran, Iran -- Production of pick-up trucks and vans in Iran in the first five months of the current Iranian...
Business
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Business
ADCB prices $650m green bond
The bond will be used to finance eligible green assets.
- It was 2.9 times oversubscribed, attracting interest from a range of local, regional and international investors that placed total orders of over $1.9 billion.
- As of 30th June 2023, ADCB’s eligible green loan portfolio had experienced notable year-on-year growth of 61 percent, reaching $1.65 billion, he said.
Business
ADEX and National Bank of Egypt sign $100m financing agreement
This is aimed at supporting UAE export transactions to Egypt.
- Under the terms of the agreement, a revolving loan facility of US$100 million has been established, with the primary aim of supporting transactions involving UAE exports to Egypt.
- The Abu Dhabi Exports Office extends loans and guarantees to Emirati exporters to enhance their contributions to the economy and foster their global expansion.
Geostrategy
Egypt president calls for measures to slow birthrate
Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi called Tuesday for measures to slow the birthrate in the Arab world's most...
- "We need 400,000 births per year," said the leader of the country of 105 million inhabitants which recorded nearly 2.2 million births in 2022.
- Sisi intervened when his minister of health and population, Khaled Abdel Ghaffar, told a conference that "having children is a matter of complete freedom".