Analysis Economy Egypt aims to double private sector to tackle economic woes Weakened by the consequences of the war in Ukraine, Egypt has been forced to negotiate a new loan from the International Monetary Fund and wants to double the private sector’s share in its economy. By 2025 Egypt’s government wants the country’s private sector’s investment contribution to more than double to 65 percent from the current […] October 17, 2022
Sustainability UAE backs use of robotic planes to charge fog clouds in arid areas The UAE is continuing its support for scientific experiments involving robotic, unmanned aircraft releasing electric charges into fog clouds, in a bid to encourage more rainfall in the skies above the emirates. Real-world ‘cloud seeding’ experiments conducted by the UK’s University of Reading, and supported by the UAE’s National Centre for Meteorology, confirmed that releasing […] October 10, 2022
Analysis Construction Sponge City Initiative could fix Mena’s growing flood threat A Dubai-based company is in talks with authorities across the Middle East about bringing a revolutionary “sponge city” concept to the region following the UAE’s recent record levels of rainfall which led to loss of life and flood damage. Dake Rechsand, which specialises in sustainability solutions for water conservation, rainwater harvesting and stormwater management, exhibited […] October 4, 2022
Opinion Sustainability Everybody is responsible for climate change – we must do more More independent research is required so businesses, the public and media can hold governments to account September 21, 2022
Energy TAQA refinances $1.1bn facility of Mirfa power and water project Abu Dhabi National Energy Company (TAQA) said that its majority-owned subsidiary, Mirfa International Power and Water Company (MIPCO), has refinanced a AED 4 billion ($1.09 billion) debt facility. MIPCO owns and operates the Mirfa Power and Water Plant (Mirfa IWPP). The company is 60 percent owned by TAQA, with France’s ENGIE and Japan’s Sojitz owning […] September 21, 2022
Opinion Energy UAE has taken the lead on net zero as rest of Gulf plays catch-up Even if countries fall short of their net-zero goals, more serious climate action, founded on solid and achievable initiatives, has arrived in the Middle East September 16, 2022
Empower reports 41.3% rise in buildings using district cooling Dubai-based Emirates Central Cooling Systems Corporation (Empower) reported a 41.3 percent growth in the number of buildings using its district cooling services over the last five years. The number of buildings reached 1,413 by the end of 2021, 13 percent higher year-on-year, the company said in a statement. In 2021, Empower’s district cooling market share […] August 30, 2022
Saudi utility firm to pre-qualify bidders for water pipeline project State-owned utility services provider Saudi Water Partnerships Company (SWPC) has issued a request for proposals (RFPs) to pre-qualified bidders for the development of the Rayis-Rabigh Independent Water Transmission Pipeline (IWTP) project that will have a 500,000 cubic metre per day transmission capacity. The 150-kilometre long pipeline project is expected to be completed in the fourth […] August 28, 2022
Opinion Agriculture Businesses must act to solve water scarcity in developing countries F&B giant PepsiCo aims to become 'net water positive' by 2030 to tackle the global threat of scarcity August 26, 2022
Analysis Food & Drink Gulf serves up locally farmed salmon – and better food security From the old man who dredged up a djinn to the boy who netted an emerald, fishermen populate the folk stories of the Arab world. But the dhow fleets of the Gulf no longer provide a lifeline for local economies. By contrast, aquaculture – the farming of fish, shellfish and aquatic plants – has begun […] August 23, 2022
Analysis Sustainability Make it rain: UAE pins its hopes on cloud seeding Condensation streaming down windows is a familiar sight in Dubai’s summer, an illusion of rain at the hottest time of year. The UAE’s average rainfall is extremely low in August, but in recent years there has been a rise, which some experts attribute to cloud seeding – when a dedicated fleet of planes take to […] August 23, 2022
Analysis Energy Sharjah wins waste-to-energy race as rest of region cleans up its act Dubai had the Gulf’s first “seven-star” hotel and Abu Dhabi hosted the inaugural “day-night” Formula One Grand Prix. The emirate of Sharjah can claim a UAE first too – one that is less glitzy but potentially more transformative – the first waste-to-energy power plant. The Sharjah waste-to-energy facility, officially inaugurated in May, adds another dimension […] August 23, 2022
Energy Dubai utility DEWA’s Q2 profit up 37% on growing energy demand Dubai Electricity and Water Authority (DEWA) reported a net profit of AED 2.61 billion ($707.9 million), up 37 percent year-on-year, in the second quarter of 2022 on higher energy demand. Revenue rose 14 percent year-on-year to AED 7.01 billion during the three month period ended June 30, 2022. The utility provider’s first half of 2022 […] August 11, 2022
Saudi PIF-owned firm plans $29bn worth of water projects Saudi Arabia’s National Water Company (NWC) intends to tender 1,429 projects worth more than SAR108 billion ($28.80 billion), the state-owned utility services provider said in a statement. The announcement by NWC, which is owned by the Saudi sovereign wealth fund, Public Investment Fund (PIF), continued the company’s plans to develop water and environmental infrastructure projects […] August 7, 2022
Food & Drink Meet the Irishman selling ice in the desert In the ever-competitive Dubai bar and restaurant market, a new supplier has launched this week, aiming to offer venues another unique selling point: high quality, hand-cut ice. Since he officially launched on August 1, John Gillespie, founder of Artisan Ice Co., has been targeting the top 30 venues in the city and he said the […] August 6, 2022
Analysis Sustainability UAE invests in future flood control after record rainfall The UAE’s recent record levels of rainfall, resulting in loss of life and flood damage, pose budgetary challenges for authorities, but also opportunities for regional infrastructure investors. The National Centre of Meteorology said last month was the wettest July in the UAE for over 40 years. It said that 234.9mm of rain fell between 22:30 […] August 5, 2022
Analysis Agriculture Food security report delivers stark warning to import-reliant Gulf GCC governments must step up their efforts to develop agri-food technology and recycle waste, a new food security report has warned. The Gulf is one of the world’s most import-dependent regions. The main food security challenge for the GCC is a natural or man-made crisis that could block one or more countries’ access to imports, […] August 2, 2022
Analysis Economy GCC embraces public-private partnerships to drive projects Public-private partnerships will become more important across a wider range of sectors in the Gulf region as countries continue to diversify their economies, say experts. With the total value of planned and unawarded projects in the GCC countries expected to reach $2 trillion, governments are seeking more private sector support in infrastructure projects delivery. “Both […] July 28, 2022
Energy Dubai’s DEWA to invest over $10bn as energy demand rises Dubai Electricity and Water Authority (DEWA) plans to invest 40 billion dirhams ($10.89 billion) on capital expenditure over the next few years, just a day after it announced energy demand in the emirate rose by 6.3 percent year-on-year in the first half of 2022. The firm provides electricity and water services to 3.5 million people […] July 21, 2022
Analysis Construction Gulf construction may face imminent sand shortage A little-known fact: the sand used in the concrete to build Dubai’s 829-metre tall Burj Khalifa was imported from Australia. While water scarcity generates much concern, sand shortages are only beginning to receive attention – especially in the desert metropolises of the Gulf. A report in April by the United Nations Environment Programme (UNEP) highlighted […] July 5, 2022
Opinion New port plans for Sudan need wider consultation The UAE's plan to invest $6bn in a second port in Sudan has been met with some resistance July 1, 2022