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The Growing Power Of The UAE In AfricaAccording to a UAE official who spoke to the Financial Times, the country has invested $110 billion in Africa. Regarding the country's presence in Africa, an associate professor at Georgetown University in the US claims that the UAE is now "going toe to toe with Beijing." The Emirates has continuously ranked among the top four investors on the continent over the last ten years, he says, even though many of these investments will never come to fruition. More risk-averse investors have shunned African projects, but UAE companies have embraced them. Despite "challenges when it comes to policies and politics," Hamad Buamim, chair of the Dubai Multi Commodities Centre, the primary trading hub in Dubai, asserts that Africa has a lot "to offer in terms of commodities and minerals.".... Read more » Posted on : 10/22/2024 |
UAE to Double Re-Exports In 7 YearsThe UAE Cabinet has approved initiatives aimed at doubling the level of national re-exports within seven years. The approvals came during a meeting of the UAE Cabinet on Tuesday, March 28..... Read more » Posted on : 4/11/2023 |
Oman to Offer 1-GW Manah Solar Projects to International InvestorsOman Power and Water Procurement Company (OPWP), the sole off-taker of electricity in the Sultanate, has been authorised to award to international investors the Manah 1 and 2 solar projects with a combined capacity of 1 GW..... Read more » Posted on : 4/10/2023 |
Masdar, Taaleri Cut Ribbon on 200-MW Solar Park in JordanAbu Dhabi Future Energy Company PJSC, better known as Masdar, and Finnish renewable energy developer Taaleri Energia Ltd have officially opened their 200-MW Baynouna Solar Park in Jordan.... Read more » Posted on : 4/10/2023 |
UAE, Egypt, Bahrain & Jordan discuss manufacturing the first joint Arab electric vehicleIn a statement, Egypt's Arab Organization for Industrialisation (AOI) urged for the completion of preparatory processes as soon as possible so that the vehicle may be shown at the 28th UN Climate Change Conference (COP28) later this year in the UAE..... Read more » Posted on : 4/7/2023 |
