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Oil rigs in the harbour in Sharjah.

Give private sector green incentives, says Sharjah oil CEO

While the state-owned Sharjah National Oil Corporation plans to use its depleted fossil fuel resources to store carbon, its CEO believes that private companies are unlikely to follow Snoc’s green ambitions voluntarily, unless they are given incentives to act. The innovation could help to halve the UAE’s carbon emissions, but the company is owned by […]

Azerbaijan president Ilham Aliyev, third from right, and Sultan Ahmed Al Jaber, chairman of Masdar inaugurate 230MW Garadagh Solar Park in Azerbaijan

Masdar expands clean energy footprint in Azerbaijan

Abu Dhabi state clean energy company Masdar will develop solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan. The decision comes after the launch of the 230 megawatt (MW) Garadagh Solar Park, the region’s largest operational solar plant, Masdar said in a statement. Agreements include the first phase of […]

PIF has launched Tasaru Mobility Investments to accelerate EV development in Saudi Arabia

Abu Dhabi signs up 3 more smart vehicle companies

Masdar City’s smart and autonomous vehicles industry (SAVI) cluster has signed up three more companies, it was announced at Gitex Global this week. Abu Dhabi earlier this month unveiled plans to establish Savi, which aims to add up to AED120 billion ($33 billion) to the country’s economy. Abu Dhabi Investment Office (ADIO), an investment arm […]

The solar PV project on Yas Bay waterfront is anticipated to offset 450 tonnes of carbon dioxide emissions per year

Miral’s Yas Bay waterfront to run on renewable energy

Abu Dhabi-based property developer Miral has awarded a contract to run Yas Bay waterfront on clean energy as part of achieving the Emirate’s goal of net zero emissions by 2050. The company has signed an agreement with Emerge, a joint venture between the UAE’s Masdar and France’s EDF, to establish a 524-kilowatt peak (kWp) solar […]

Archer Aviation's eVTOL aircraft 'Midnight'

US developer to build flying taxis in Abu Dhabi

The day is drawing closer when a taxi ride between Dubai and Abu Dhabi takes only twenty minutes in an aircraft built in the UAE. A US developer of electric vertical takeoff and landing (eVTOL) aircraft has signed an agreement with the Abu Dhabi Investment Office (ADIO) to set up a manufacturing centre in Abu […]

Gulf longevity healthtech AI

Gulf accelerates longevity push with AI and healthtech

The Gulf is establishing itself at the forefront of the world’s fast-growing “longevity” sector. Saudi Arabia and the UAE in particular are making strides in the global race to prolong life, investing in health technologies that can predict medical risk and help develop medicines.  They are investing in healthtech, building laboratories to support research and […]

Mida CEO Datuk Wira Arham Abdul Rahman and Masdar CEO Mohamed Jameel Al Ramahi sign the renewable energy agreement between Masdar and Malaysia

Masdar’s $8bn to add 10GW to Malaysia’s renewable goal

Abu Dhabi state clean energy company Masdar will invest $8 billion for producing up to 10 gigawatts (GW) of renewable energy projects to help Malaysia realise its sustainable energy goal. The collaboration with state-owned Malaysian Investment Development Authority (Mida) will facilitate Masdar to develop up to 10GW by 2035 through ground mounted, rooftop and floating […]

Turkey's low-carbon pathways initiative will offer guidance to domestic and global players on the country’s decarbonisation

FAB says it has traded $84m of carbon credits since May

First Abu Dhabi Bank (FAB), one of the UAE’s largest lenders, has traded around €80 million ($84 million) of carbon credits since launching its carbon trading desk five months ago.   The bank told AGBI it wants to develop the carbon trading market in the Middle East and North Africa (Mena). This is an emerging type […]

Wind energy installed power in Turkey is forecast to reach 18,000 MW in 2028

UAE adds wind to its energy mix

The UAE has inaugurated its first large-scale utility wind power project, as the Gulf state strives to boost its renewable energy capacity ahead of hosting the Cop28 climate summit later this year. Abu Dhabi’s state clean energy company Masdar has developed four wind farms, which have a total combined capacity of 103.5MW and will power […]