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Masdar

Masdar News

UAE’s Masdar to bid for Saudi renewable energy projects

UAE’s Masdar plans to participate in the forthcoming round 4 tender of Saudi Power Procurement Co.’s 3.3 gigawatts (GW) wind and solar projects, along with its partners, WAM, the UAE state-owned news agency, reported. The new round will comprise three wind power plants with a combined capacity of 1.8 GW, and two solar parks totaling […]

Estonia’s exports to UAE double after Expo 2020 Dubai

Estonia’s participation in Expo 2020 Dubai helped the European country’s exports of goods and services to the UAE increase by more than 100 percent in the past year. The value of Estonian goods exported to the UAE was up 126 percent year-on-year to €80.8 million ($80.57 million) in the eight months from January to August […]

COP27

Egypt’s Cop27 will see developing nations call for ‘climate justice’

Drought and famine haunt the Middle East. The Dead Sea has fallen to its lowest level in centuries. Starved of food and fresh water, desperate migrants criss-cross the Mediterranean, fomenting social unrest and violence. Within a few decades, a healthy global trade network has collapsed. Every major settlement has been abandoned or razed to the […]

Hydrogen

How the UAE and UK can reap multi-billion hydrogen rewards

The UK and UAE could create up to 100,000 new jobs each in the hydrogen sector by maximising opportunities for collaboration, which may also include a joint investment vehicle. A report by the World Green Economy Organisation (WGEO) and UAE-based sustainability consultancy Zest Associates concludes the two countries can become “influential players in this emerging […]

UAE German leaders
  • Analysis

UAE and Germany grow ever closer with shared net zero goals

The first four Mercedes Benz cars arrived in Abu Dhabi in 1965, imported by the Al Fahims, who founded Emirates Motor Company three years earlier. Last year, the UAE imported German automobiles worth nearly $1.2 billion. Also in the mid Sixties, the German company Siebert discovered enough water close to Al Ain to enable the […]

Engine, Machine, Motor

Masdar and Germany’s RWE eye global offshore wind projects

Abu Dhabi Future Energy Company (Masdar) and Germany’s RWE Renewables have signed a memorandum of understanding to explore collaboration on offshore wind projects in several key markets, according to WAM, the UAE state-owned news agency. Masdar and RWE are shareholders in the London Array project, which has been operational since 2012. The wind farm has […]

Liz Truss and Kwasi Kwarteng

UK tipped to see record levels of Middle East capital in 2022

Outbound investment from the Middle East to the UK is forecast to rise sharply this year, particularly for deals up to $250 million. Corporate finance specialist Lumina Capital Advisers said the strong dollar, weak sterling and the UK’s uncertain economic outlook made it a “highly attractive destination” for Middle East capital.  Sterling tumbled to a […]

UAE reforms seen as magnet for further US investment

A series of new economic and social reforms, known as the Projects of the 50, will make the UAE an even more attractive environment for American businesses. According to Danny E Sebright, president of the US-UAE Business Council, the UAE is already widely recognised by American businesses for these strengths. “Another important strength of the […]

Building, Train, Transportation

Abu Dhabi to monetise stake in state energy company TAQA

Abu Dhabi-based investment and holding company ADQ has entered into an agreement to monetise an 8.6 percent stake in Abu Dhabi National Energy Company (TAQA) to Multiply Group, Abu Dhabi Pension Fund and other prominent investors, WAM, the UAE state news agency, reported. Abu Dhabi-listed TAQA has significant investments in power and water generation, transmission […]