UAE-Egypt Consortium Set To Buy African Renewables Firm Lekela from Actis

A consortium of UAE-based Masdar and Egypt’s Infinity Energy is set to buy a majority stake in Lekela Power from private equity vehicle Actis, according to a report. .... Read more »

Posted on : 6/13/2022

DHL Express Installs Solar Power Plant at Its Amman Facility with Yellow Door Energy

DHL Express, the largest regional express and logistics provider, has installed a solar power plant at its Amman facility for reducing its energy consumption by 100 %..... Read more »

Posted on : 6/13/2022

DEWA Makes Progress with 250-MW Hydroelectric Project in Dubai

Dubai Electricity and Water Authority (DEWA) is making progress with the construction of the 250-MW Hatta pumped-storage hydroelectric power project in the UAE with 44% of the station already complete..... Read more »

Posted on : 6/9/2022

Saudi Arabia's ACWA Power Q1 Net Profit Increase 9 Percent to USD 41mn

For the 1st three months of 2022, ACWA Power earned an operating income before impairment loss and other expenses of SAR 517 million, which was 19.5% higher than the same period in 2021..... Read more »

Posted on : 6/9/2022

UAE's Al-Futtaim Automotive to invest up to $1bn in Egypt

The Al-Futtaim Group of the United Arab Emirates aims to invest up to $1 billion in Egypt over the next three years, according to the North African country's Cabinet..... Read more »

Posted on : 6/3/2022

NADDC to partner UAE firm to produce solar-powered tractors in Nigeria

The National Automotive Design and Development Council (NADDC) has announced a collaboration with a UAE-based company to build solar-powered tractors..... Read more »

Posted on : 6/3/2022

As "a land of opportunity," the Democratic Republic of Congo shows off its vast potential.

In Dubai, the UAE and DRC Business Symposium, with Congolese ministers emphasising the economic benefits of extending their trade and development potential..... Read more »

Posted on : 6/2/2022

Kenya and the United Arab Emirates have agreed to construct an innovation and infrastructure centre.

President Uhuru Kenyatta has appreciated the United Arab Emirates' declaration that it will create an entrepreneurship and innovation centre in Kenya..... Read more »

Posted on : 6/2/2022

Abu Dhabi's Mubadala sign MoU with French Firm ENGIE to develop EV charging platform

Mubadala Investment Company PJSC (Mubadala) and ENGIE, a global energy giant, have signed a memorandum of understanding (MOU) to explore the establishment of a digital platform for charging electric cars in Abu Dhabi and the Middle East area..... Read more »

Posted on : 5/12/2022

The Emirates Development Bank has signed a funding agreement with Dubai's food technology hub.

The Emirates Development Bank (EDB) of the United Arab Emirates (UAE) has inked an initial agreement with Food Tech Valley to provide funding for small and medium-sized firms and start-ups operating within the Dubai food technology centre..... Read more »

Posted on : 5/5/2022