Abu Dhabi, UAE--Masdar has signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW). The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds...

The country will also focus on environmental sustainability and showcasing the UAE’s commitment towards fostering a global collaboration for innovative environmental solutions.

Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.

ABU DHABI, UAE - Building on its ongoing efforts to improve the healthcare ecosystem from all aspects, the Department of Health – Abu Dhabi (DoH) signed a strategic Memorandum of Understanding (MoU) with the Geneva Sustainability Center (GSC). The GSC is an organization powered by the International Hospital Federation (IHF)...

ABU DHABI, UAE - ADNOC Distribution on Friday announced plans to reduce its carbon intensity by 25 percent by 2030. This will be implemented by putting sustainability at the core of its day-to-day operations to future-proof its business and deliver sustainable long-term shareholder value. Central to ADNOC Distribution's enhanced sustainability...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level delegation from the EDF Group (Électricité de France) headed by Luc Remont, CEO and Chairman of the Board of Directors. Al Tayer also received a delegation from Cuba headed by...

Netanyahu, who returned to office last month with the formation of a new government, was at the helm in 2020 when Israel established ties with the United Arab Emirates, Bahrain, Morocco as part of the Abraham Accords. He has repeatedly expressed his desire to see Saudi join the list.

ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ) Thursday signed a Memorandum of Understanding (MoU) with the aim of enhancing the UAE’s appeal as an investment destination. Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and...

ABU DHABI,  UAE  - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU) to strengthen foreign investment in Abu Dhabi and support innovation that enhances the UAE’s economic competitiveness. The agreement was signed by Ahmed Baghoum, the acting CEO of Masdar City, and...

Dubai, UAE--The World Economic Forum (WEF) has selected the UAE's Gender Balance Council (GBC) as a knowledge partner to advance gender balance globally. The recognition reflects the UAE Gender Balance Council’s significant achievements, guided by the UAE leadership’s vision to create an environment that empowers and enables women to succeed...

The sector gains meteoric traction, largely due to structural shift in consumer interests and partly because of the pandemic-induced accelerated digitalization, says an expert.

Both Gulf countries reported an increase in non-essential spending from 2021 to 2022, with the expectation that this trend will continue into 2023, says an expert.

ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration. This is a part of a strategy to develop an advanced statistical ecosystem which...

DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes. This comes in line with the ministry’s continuous efforts to ensure that  commitment of various government entities in the UAE...

Abu Dhabi, UAE-- The UAE and Morocco have agreed to deepen parliamentary cooperation between the two countries in order to benefit their respective peoples. In this connection, Mohammed Issa Al Kashf, Chairman of the Technical, Energy and Mineral Resources Affairs Committee at the Federal National Council (FNC), met with Tarik...

The return on the share amounted to QR 1.62.

DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of the DFSA’s Business Plan for 2023-24. The Business Plan has been developed to foster an enabling environment for firms as Dubai and the UAE continue to grow its reputation as...

RAS AL KHAIMAH, UAE-  Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced updates to its holiday homes system. RAKTDA has simplified the process for homeowners and operators to acquire permits and convert their units into perfect holiday homes for travelers visiting Ras Al Khaimah. The updates are part of...

The formation of the bilateral body to govern the Partnership for Accelerating Clean Energy (PACE) will be composed of private sector and government representatives from both countries. Its goal is to catalyze $100 billion in financing, investment and other support and deploy 100 gigawatts of clean energy by 2035.

“The COP28 UAE is focused on delivering concrete and pragmatic solutions to ensure 1.5°C remains alive and within reach. This will require a global effort to slash emissions by 43 percent globally by 2030,” she said while heading the UAE delegation to the 13th session of the IRENA in Abu...

ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host over 15 high-level panels. ADNEC Group is organizing the 16th edition of the International Defense Exhibition & Conference (IDEX 2023), and the seventh edition of the Naval Defense & Maritime...

The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.

Expat Essentials Index ranks cities on the basis of quality of life, ease of settling in, working abroad, personal finance and digital life among other criteria.

UAE Minister of Energy Suhail bin Mohammed Al Mazrouei highlighted the UAE Energy Strategy 2050, the first unified energy strategy by the UAE, which aims to integrate the renewable and clean energy mix to achieve a balance between economic needs and climate goals, in addition to reducing dependency on other...

SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and reinforcing the position of the emirate of Sharjah as a global business hub. The SCCI also bolstered its competitiveness by protecting the interests of businessmen and supporting its members in...

Abu Dhabi, UAE-- The UAE has stressed the need for speeding up new investments in the energy sector in order to meet rising global demand as a number of OPEC+ member countries cut output. Speaking on the sidelines of the Global Energy Forum in Abu Dhab, Suhail bin Mohammed Al...

ABU DHABI, UAE -  UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation in the energy and climate action fields between the two countries. UAE minister Suhail bin Mohammed Al Mazrouei received Romanian Minister  Virgil-Daniel Popescu at the Energy Ministry's headquarters in Abu...

ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets. Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam,...

ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company CEO predicted on Saturday, warning that market volatility could last for years. Russian gas exports to Europe plunged after Moscow's invasion of Ukraine but Saad Sherida al-Kaabi, head of QatarEnergy,...

Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on Saturday urged a focus on lower emissions, warning global energy needs were set to accelerate. Sultan Al Jaber, the United Arab Emirates' special envoy for climate change and CEO of...

Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.

Raja Al Mazrouei will succeed Massimo Falcioni.

"The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the Chinese economy is going to come back because of the lifting of COVID-19 restrictions, but at the same time Europe and the United States are going to be slowing down,”...

ABU DHABI,  UAE - UAE Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with UK Department for Business, Energy & Industrial Strategy. The memorandum aims to exchange information, knowledge, expertise and studies in the field of energy and promote it for the vital role it plays in...

Dubai, UAE: The United Arab Emirates ranks fourth on the list of 63 economies around the world in the Tax Policy category of the World Competitiveness Yearbook 2022 Peer Group. Published by Switzerland-based International Institute for Management Development (IMD), the World Competitiveness Yearbook assesses and ranks 63 economies around the...

The Saudi market's general index, TASI, rose 1.19%, Dubai Financial Market 0.47%, Abu Dhabi Stock Market Vadax 15 index 0.133% by the end of the trading session.

DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded.  The three-day event, which concluded Thursday, took place at the Dubai World Trade Center and drew more than 26,000 visitors and participants from 82 countries. Dr. Ali Al Sayed Hussain, Director of...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions. DEWA also organized its 20th Internal Health and Safety Week, which featured various activities in all aspects...

Dubai, UAE--Dubai real estate market recorded transactions worth AED1.9 billion ($517 million) on Thursday, Dubai Land Department said. These included 432 sales worth AED1.45 billion, in addition to 73 mortgage deals of AED464.03 million, and 20 gift deals amounting to AED18.34 million. The sales included 342 villas and apartments worth...

The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1 billion pledged during Prime Minister Shehbaz Sharif's ongoing visit to the emirates.

According to the Apex Bank, Islamic banks' credit climbed by 5.7 percent year-on-year to $108 billion by the end of last October.

The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors and implementing measures aimed at enhancing the role of the Emirati talent in the labour market, particularly in the private sector, he adds.

Nearly 60 percent of organizations in the region had increased their cybersecurity spending in 2022, Abhay Pandey, Founder and CEO at MAST Consulting Group, tells TRENDS.

The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three weeks of imports.

ABU DHABI, UAE -  The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track of the G20 for 2023 which was held under India’s G20 Presidency. The meeting was held to discuss the GPFI work plan for 2023 and agree on the financial inclusion...

Abu Dhabi, UAE--The Environment Agency of Abu Dhabi (EAD) has planted one million mangrove seeds using drones as part of the first phase of a drone mangrove plantation project. The Abu Dhabi Mangrove Initiative was announced in February 2021 during Prince William's visit to the UAE. This initiative, which is...

Dubai, United Arab Emirates--The head of the United Arab Emirates' national oil company was named as president of this year's COP28 climate talks on Thursday, promising a "pragmatic" approach to tackling global warming. Sultan Ahmed al-Jaber, who heads up the UAE's Abu Dhabi National Oil Company (ADNOC), will be the first...

The partnership will strengthen workforce in the UAE.

The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their LNG supplies in both near and distant future.

The guidance, which comes into effect immediately, will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations, and takes Financial Action Task Force (FATF) standards into account. The Guidance requires LFIs to demonstrate compliance with its requirements.