INSEAD Day 4 - 728x90

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Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

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Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

‘Renewable energy is 20 percent of Jordan’s power output’

FOR REPRESENTATION PURPOSE ONLY
  • Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
  • The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology

Renewable energy accounts for 20 percent or 3.2 gigawatts of total power output in Jordan, Secretary-General of the Arab Renewable Energy Commission (AREC), Mohammed Ta’ani told the Arab Green Summit (TAGS).

According to an AREC statement released Thursday, Ta’ani said -at the event in Dubai, the UAE – that the Kingdom has the highest transition rates to renewable energy sources and electric vehicles.

He urged Arab nations to develop their own renewable energy industries rather than importing foreign technology and to modernize electrical connections and power transmission by utilizing smart electricity grids.\

Ta’ani said that over US$ 1 trillion in investments are projected in Arab nations by 2035, highlighting the need for a strong infrastructure to support large-scale initiatives like Saudi Arabia’s NEOM project and electric interconnection with Europe.

He said that a new power strategy for Arab nations, relying on green hydrogen, smart cities, electric vehicles and sustainable energy is required to ensure a bright future for the next generation.

The summit discussed strategies for laying the groundwork for coordinated climate action to achieve the Paris Climate Agreement’s objectives of net zero emissions by 2050.