Abu Dhabi's TAQA Reports Net Income of Dhs4.3bn for First Nine Months of 2021

Integrated utilities company, Abu Dhabi National Energy Company (TAQA), reported that its earnings before interest, taxes, depreciation, and amortisation rose 20%, reaching Dhs14.4bn for the first 9 months of 2021. The earnings reflected improved income from associates, partially offset by higher expenses..... Read more »

Posted on : 11/26/2021

UAE, Russia Ink Agreement to Partner on Hydrogen Development Amid Net Zero Pledges

The UAE and Russia, members of the OPEC+ alliance, have signed an agreement to collaborate on hydrogen development, particularly in the production, storage and transportation of the fuel, as the two energy producers aim to fulfill clean energy strategies under their net zero carbon emissions pledges..... Read more »

Posted on : 11/19/2021

Despite Global Shifts, Africa's Sights Are Set on Oil and Gas Hauling

Representatives meeting in Dubai this week indicated that some African countries plan to utilise their oil and gas reserves to combat poverty and energy shortages, despite efforts to limit fossil fuel exploitation to combat global warming..... Read more »

Posted on : 11/18/2021

The first 3D-printed laboratory in Dubai has set a world record.

Dubai has been awarded a Guinness World Record for building the world's first 3D-printed laboratory..... Read more »

Posted on : 11/8/2021

Dubai's DP World and the UK's CDC are planning to invest up to USD 1.7 billion in Africa.

Dubai's DP World and the UK's CDC are planning to invest up to USD 1.7 billion in Africa..... Read more »

Posted on : 11/8/2021

Exports to Eastern Africa by Dubai Chamber members increased by 2.4 percent in the first half of the year.

Exports to Eastern Africa by Dubai Chamber members increased by 2.4 percent in the first half of the year..... Read more »

Posted on : 11/8/2021

Belgian Industrial Firm Soudal Invests In Sharjah's Al Muqarram Industry with Eye on Exports

The construction chemicals company Soudal Group of Belgium is investing Dh213 million for a stake in Sharjah-based Al Muqarram Industry, and which will see a 50% increase in the latter’s capacity in 2 years..... Read more »

Posted on : 11/5/2021

Projects of the 50: UAE Signs Agreements to Launch Fourth Industrial Revolution Programme

UAE’s Ministry of Industry and Advanced Technology signed a Memorandum of Understanding (MoUs) with 12 industrial entities and the Departments of Economic Development of Abu Dhabi, Dubai and Ajman to kick-start the newly-announced Fourth Industrial Revolution Programme, known as “UAE Industry 4.0”..... Read more »

Posted on : 11/5/2021

UAE-based technology start-up AlgoDriven has raised $2 million in Series A investment.

AlgoDriven, a Dubai-based start-up that provides technological solutions to the automobile sector, has secured $2 million in a Series A fundraising round, which will help the firm grow into new markets and increase penetration in existing ones..... Read more »

Posted on : 11/5/2021

Al-Futtaim Automotive Opens UAE's Largest Pre-Owned Car Showroom at Dubai Investment Park

Al-Futtaim Automotive has officially opened a new pre-owned automobile showroom in Dubai Investment Park, in keeping with its customer-centric strategy and dedication to providing innovative mobility solutions that improve the lives of its customers (DIP)..... Read more »

Posted on : 11/5/2021