Saudi Arabia has introduced an ambitious infrastructure project, MiroLine, a 100-kilometer-long mirrored-glass skyscraper that will be built in the heart of the desert as part of the futuristic Neom city. This extraordinary endeavor is estimated to cost $1 trillion and aims to create a twin-towered linear city that will surpass the height of the Empire...
Bain Capital has introduced hscale, a dedicated hyperscale data centre platform aimed at expanding its footprint in the EMEA region. This launch is a key part of Bain Capital’s broader digital strategy, which commenced with the acquisition of AQ Compute in October 2024. The leadership team of hscale has a proven track record, having delivered...
Dubai’s commitment to transforming waste into renewable energy was highlighted during a recent visit by Eng. Marwan bin Ghalita, Director General of Dubai Municipality, to Tadweer, a prominent waste management facility in the emirate. The visit focused on Tadweer’s pilot biogas facility, which illustrates how organic waste can be converted into clean, renewable energy, contributing...
The United Arab Emirates (UAE) is reaping the benefits of its significant investments in automation and renewable energy, which are helping to lower manufacturing costs. The UAE has made heavy and early investments in advanced technologies and has built a strong reputation in global trade, positioning itself as a leader in the manufacturing sector. Amro...
A UAE-Morocco alliance has finalized deals for energy and water infrastructure projects valued at over $14 billion, as stated in an announcement made on Monday. This significant investment aims to enhance both water security and energy independence in Morocco. The agreements were signed between the Moroccan state-owned National Office of Electricity and Drinking Water (ONEE),...
The United Arab Emirates (UAE) and the United States are enhancing their strategic energy partnership, with a primary focus on clean and renewable energy technologies. This collaboration aims to support global energy security and assist emerging economies in their energy transition. A key initiative in this partnership is the UAE-US Partnership for Accelerating Clean Energy...
Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
MUSCAT: The Oman Petroleum and Energy Show and Oman Sustainability Week for 2025 officially commenced on May 12, 2025, at the Oman Convention and Exhibition Centre. The opening ceremony was presided over by HH Sayyid Taimour bin Asaad al Said, Chairman of the Board of Directors of the Central Bank of Oman, alongside several distinguished...
KAPSARC and the Delegation of the European Union (EU) to the Kingdom of Saudi Arabia recently organized a significant workshop titled “Bridging Policy and Practice: EU-KSA Cooperation for a Secure Energy Future” at KAPSARC. The event gathered European and Saudi business leaders, senior officials, and experts to discuss ways to enhance energy ties between the...
Invictus Investment Company Plc (ADX: INVICTUS), a prominent agro-food enterprise in the Middle East and Africa, has published its second annual Environmental, Social and Governance (ESG) report for the year ending December 31, 2024. The report, prepared according to the Global Reporting Initiative (GRI) Sustainability Standard and aligned with the UN Sustainable Development Goals, details...