Recent Posts

Abundance Solar Panel Industries to establish AED55 million solar power plant in KEZAD

ABU DHABI/WAM Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones and UAE-based Abundance Solar Panels Industries have announced the signing of a 50-year land lease agreement for the establishment of a sophisticated solar power plant in KEZAD Area A – Al Ma’mourah. To be developed with AED55 million in investment, the plant ...

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Mbank, RAKEZ sign MoU

ABU DHABI/WAM Al Maryah Community Bank (Mbank), the leading digital bank in the UAE, has entered into a Memorandum of Understanding (MoU) with Ras Al Khaimah Economic Zone (RAKEZ). This collaboration aims to streamline and facilitate the account opening process for businesses establishing themselves in RAKEZ via Mbank’s fully integrated digital platform. All types of companies operating within the RAKEZ ...

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ADNOC deploys AI-enabled process optimisation technology

ABU DHABI/WAM ADNOC announced today the deployment of an industry-leading artificial intelligence (AI)-enabled process optimisation technology. Neuron 5, developed by ADNOC, has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant, across hundreds of pieces of equipment. The innovative solution autonomously monitors the performance of critical equipment, enabling process optimisation and preventative ...

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