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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Dewa, Stanford to build PV system at Al Maktoum Solar Park

Employees walk past solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park on March 20, 2017, in Dubai.
    • Dewa will reportedly use its Space-D program to build this system at the park that has a planned capacity of 5,000MW by 2030

    • The new system is expected to reduce errors in the forecast to less than 10%

    Dubai Electricity and Water Authority and Stanford University will collaborate to develop an advanced system to forecast photovoltaic or PV production at the Mohammed bin Rashid Al Maktoum Solar Park, said local reports on Friday, July 23.

    Dewa will reportedly use its Space-D program to build this system at the park that has a planned capacity of 5,000MW by 2030.

    The new system is expected to reduce errors in the forecast to less than 10%, the reports quoted Dewa as saying in a statement.

    This will support the utility’s efforts to achieve the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai’s total power capacity from clean energy sources by 2050, said the reports.

    The system will apparently use technologies such as artificial intelligence, deep learning, high-density cameras on the main satellite, and a network of metrological stations to predict irradiance, dust and cloud movement, which can affect PV performance.

    Dewa MD and CEO Saeed Mohammed Al Tayer was quoted by the reports as saying: “We are collaborating with Stanford University at Dewa’s R&D Centre through our membership in the Energy 3.0 program from the university.”