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ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

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: