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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

TAQA, Emirates Steel to manufacture MENA’s first green steel

Jasim Husain Thabet, TAQA Group CEO and Managing Director, and Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel, sign MoU.
    • The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.

    • TAQA envisions growing its gross power capacity from 18 GW to 30 GW in the UAE.

    DUBAI: Middle East North Africa (MENA) region’s first green steel would be manufactured at a green hydrogen project to be built by Abu Dhabi-based diversified utilities and energy group TAQA in partnership with Emirates Steel.

    TAQA said in a statement that the project will enable green and low-carbon steel manufacturing, saving energy while creating a sustainable and clean manufacturing process.

    Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, said the partnership with Emirates Steel “leverages our combined expertise” to lower the overall cost of production as well as reducing carbon emissions.

    TAQA envisions green hydrogen to form a valuable part of its 2030 strategy for growth, including growing its gross power capacity from 18 GW to 30 GW in the UAE and adding up to 15 GW internationally.