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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

UAE solar energy leader in Arab world

More than 12 gigatons of wind and solar energy are currently produced in the Arab region.
  • Renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region's total targets by 2030.
  • More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.

Dubai, UAE–A report by Global Energy Monitor published in June this year says renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region’s total targets by 2030. More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.

Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five times the region’s current renewable energy production.

These projects include 114 solar power plants and 45 wind power plants. TRENDS takes a look at which Arab nations are taking a lead in clean energy generation: