AMEA Power has signed Capacity Purchase Agreements (CPAs) with the Egyptian government to develop the first standalone battery energy storage stations in Egypt. The projects will have a total capacity of 1,500MWh, which includes a 500MWh battery energy storage system (BESS) in Zafarana and a 1,000MWh BESS project in Benban. These initiatives are expected to...
Khalifa University of Science and Technology has announced that more than 100 cutting-edge scientific innovations will be displayed on February 27, 2025, during its second annual Research and Innovation Exhibition. This event coincides with the UAE’s Innovation Month and aims to attract investors and industry leaders by highlighting the market potential and scalability of the...
In a significant step toward environmental sustainability, IFZA, Dubai’s vibrant free zone community, has collaborated with its partners to plant 30,000 mangrove trees. This initiative is part of IFZA’s ongoing commitment to ecosystem restoration through their GROW initiative, which includes 500 newly planted trees at the Jebel Ali Wildlife Sanctuary, an area noted for its...
Abu Dhabi’s Etihad Airways is set to announce the launch of a $1 billion initial public offering (IPO) this week. This IPO would mark the first offering of a major Gulf airline in nearly two decades. The airline intends to sell 20% of its business by issuing new shares, which will be used to support...
His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has directed the Sharjah Debt Settlement Committee (SDSC) to approve Dhs76.350 million to settle the debts of 147 citizens who were convicted in financial cases or are insolvent due to deceased estates. This initiative aims to provide a...
Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, has launched its first-ever Sustainability-Linked Finance Facilities Financing Framework. This initiative makes DIB the first Islamic bank in the world to create such a framework, which aligns with the International Capital Market Association’s Sustainability-Linked Loan Principles Accroding to MSN, the newly introduced...
Abu Dhabi-based investment company ADQ has formed a partnership with Eni, a global energy technology firm headquartered in Rome, Italy. This collaboration aims to explore strategic areas of cooperation to strengthen supply chains for critical minerals, which are essential for the energy transition The agreement focuses on potential investments across Africa, North America, and Central...
Oman has announced ambitious plans to launch ten new renewable energy projects between 2027 and 2029, aiming for a combined capacity of approximately 2,300 megawatts (MW). This initiative is part of the country’s broader strategy to diversify its energy sources and decrease reliance on fossil fuels. Additionally, two more projects with a total capacity of...
The UAE’s salary guide for 2025 offers insights into earning potential for employees and job seekers across various sectors, including technology, banking, accounting, legal, construction, and human resources. According to The National, the technology sector continues to lead with competitive salaries, driven by rapid digital transformation and innovation. The banking and finance sectors also remain...
Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) has introduced ‘Salama‘, an AI-powered digital platform aimed at providing a seamless experience for managing residency services. This new platform allows users to renew or cancel residency permits for their dependents and receive quick responses to general inquiries about visas and residency, all in just two...