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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

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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.

UAE to set up waste-to-energy plants to get rid of trash

Aerial shot of energy plant driven by sustainable biomass in Copenhagen, Denmark. This fossil free energy system is fueled biomass, a renewable energy source. The fossil fuel Oil tanking station, Prøvestenen, is seen in the background. Aerial view shot with drone as HDR (high dynamic range).
    • Dubai is building a $1.1 billion waste-to-energy facility, while a smaller plant is being built in Sharjah

    • Two more plants are being built in Abu Dhabi to get rid of trash around the country

    The United Arab Emirates is looking to construct a set of waste incinerators around the country in order to burn up two thirds of the trash, to take care of its growing refuse problem.

    Dubai is constructing a $1.1 billion waste-to-energy facility, one of the largest in the world, while a smaller plant in being built in Sharjah and will begin operation this year, Bloomberg reported. Two further projects are being built in Abu Dhabi.

    Burning trash creates carbon emissions, potentially making it harder for the UAE to reach its target of becoming carbon neutral by 2050.

    However, Bee’ah, Sharjah’s waste company, will try to mitigate this by creating green spaces, install a 120-MW solar array on top of the plant and produce hydrogen from the garbage to fuel its rubbish trucks. Sharjah will also be able to close its landfill site.

    Bee’ah CEO Khaled Al Huraimel said he wants to export the model across the region, including Saudi Arabia.

    While environmentalist favor recycling over burning of trash, turning plastics and other waste into usable products is extremely challenging.

    China’s recent ban on the importation of waste “has really changed the economic drivers,” said Mr.John Ord, a UK business director at engineering firm Stantec. “All of a sudden, we have a lot of waste that needs to be dealt with.”