News

  ABU DHABI / Emirates Business Global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016, making the strongest year ever for new capacity additions, according to data released today by the International Renewable Energy Agency (IRENA). Renewable Energy Capacity Statistics 2017, estimates that by the end of last year the world’s renewable generation capacity reached 2,006 GW, ...

  ABU DHABI / WAM The Global Manufacturing and Industrialisation Summit (GMIS 2017), aerospace leaders have highlighted the importance of the aerospace industry as a major contributor to global Gross Domestic Product, adding that the international air transport alone contributes US$2.7 trillion. They also discussed the future of the aerospace industry that supports 10 million people globally through direct employment, ...

  ABU DHABI / WAM Strata, the advanced composite aerostructures manufacturing company, wholly owned by Mubadala Development Company, and Aciturri Aeronautica, a tier 1 supplier for aeronautic industry OEM’s, signed an MoU to collaborate on contributing to the advancement of the global aerospace sector by strengthening vital supply chain capabilities and bilateral ties between Spain and the United Arab Emirates. ...

  Abu Dhabi / WAM The profit of Mubadala Development Company (Mubadala) the Abu Dhabi-based investment and development company, increased AED 3.3 billion for the year 2016 from AED 1.2 billion in 2015 and the revenues to AED 31.5 billion from AED29.7 billion. This is primarily due to higher revenues from companies within Mubadala’s semiconductor, aerospace and healthcare portfolios, according to ...

  Dubai / WAM A New York architecture firm has unveiled designs for a skyscraper that is out of this world! Deemed the ‘world’s tallest building ever’, Analemma Tower is shown by Clouds Architecture Office (COA) suspended from an orbiting asteroid – and the only way to leave is by parachute. It is estimated that it would be cheaper to build ...

  Abu Dhabi / WAM The Ministry of Economy discussed prospects to boost industrial, investment and trade cooperation with Turkey, Brazil and El Salvador on the sidelines of the Global Manufacturing and Industrialisation Summit (GMIS) in Abu Dhabi. Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry met Dr Hassan Ali Silik, Deputy Minister ...

  Abu Dhabi / WAM A total of AED13. 2 billion in cumulative savings were achieved by Abu Dhabi National Energy Company (TAQA) in 2016 thanks to a well-integrated transformation programme, according to a statement released by the company on its 2016 financial results on Thursday. TAQA is a leading global energy company headquartered in Abu Dhabi with operations in 11 ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a telephone call from His Majesty King Abdullah bin Hussein II of Jordan. They discussed relations between the UAE and the Hashemite Kingdom of Jordan in light of their strong historical ties, thanks ...

  Abu Dhabi / WAM Manufacturing is ‘an important sector that needs to be ready for what’s after oil but there needs to be a shift in skills’, Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the Paris-Sorbonne in Abu Dhabi. “A strong SME sector is a ...

  Abu Dhabi / WAM Government, police and industry leaders witnessed a three-day meeting which focussed on thoughts and efforts to identify a more effective path to meet challenges posed by terrorism, organised crime and cybercrime in order to improve global security. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, ...