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.

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.