Sustainability Abu Dhabi takes initiative to decarbonise industrial sector By Pramod Kumar December 26, 2023, 3:20 PM Unsplash/Andreas Felske Turkey's low-carbon pathways initiative will offer guidance to domestic and global players on the country’s decarbonisation Industrial Development Bureau (IDB), the industrial development arm of Abu Dhabi Department of Economic Development, and Germany’s Siemens Energy have signed an agreement to decarbonise Abu Dhabi’s industrial sector. The collaboration will support Abu Dhabi’s industrial strategy to establish the emirate as the most competitive industrial hub in the region, the UAE state-run Wam news agency reported. Siemens Energy will support IDB to localise the manufacturing capabilities in Abu Dhabi and provide technological solutions to enhance the development and dissemination of carbon removal technology in the industrial sector. The Abu Dhabi economic department will simplify the process of acquiring industrial licenses and incentives for businesses, making it more accessible for them to enter the industrial sector and utilise the various opportunities. Furthermore, it will play a significant role in promoting decarbonisation technologies by identifying and assessing ideal locations for their implementation, leading to a decrease in carbon footprint and promoting the sustainability and economic progress of Abu Dhabi. Siemens Energy will support research and development for innovative technologies, including waste heat recovery, electrification solutions, grid technology, and energy storage. The German company will also support Abu Dhabi to localise the manufacturing of decarbonisation solutions.
Renewable Energy UAE plans $6bn solar energy storage plant The UAE will construct a renewable facility capable of providing energy at scale around the clock. The project – estimated to cost $6 billion – will be developed in partnership between the UAE state-owned renewables company Masdar and the Emirates Water and Electricity Company (Ewec). The new facility will include solar power with the potential […] 2 hours ago
Retail Sales rise 18% for airport retailer Qatar Duty Free Airport retailer Qatar Duty Free has reported an 18 percent sales increase for 2024. The rise was higher than passenger growth at Hamad International Airport in Doha, which increased 15 percent to 52.7 million. Qatar Duty Free, a subsidiary of Qatar Airways that owns and operates the airport’s shopping and food outlets, did not release […] 1 hour ago
Economy Slow restart predicted for GCC aid to Lebanon A resumption of badly needed GCC financial aid to Lebanon may take time, even though most Gulf countries have given their blessing to the new Lebanese president Joseph Aoun, according to observers. The six nations of the Gulf Cooperation Council were previously among the biggest aid donors and investors in Lebanon, before they cut assistance as […] 1 hour ago
Mining Saudi Arabia grants exploratory rights to six mining sites The Saudi Ministry of Industry and Mineral Resources has allocated mineral exploration rights for six mining sites with a combined size of 890 sq km, according to the Saudi Press Agency. On Tuesday, the ministry announced that mining company Amak has been granted three exploratory concessions in Jabal al Khallah North (98 sq km) and […] 51 mins ago