WAM Despite the falling oil price and geopolitical instability, the states of the Gulf Cooperation Council (GCC) remain an attractive investment destination for high net-worth individuals (HNWIs), a report said, adding that 76 per cent prefer to keep their assets close to home. However, there is a clear element of caution lingering amongst investors, according to the 2016 GCC Wealth …

Emirates Business Shams 1 Concentrated Solar Power (CSP) plant has marked its three successful years of operation. The plant, which occupies 2.5 square kilometres and has a power generating capacity of 100 megawatts, is the first of its kind in the Middle East and North Africa region. Shams 1, which takes its name from the Arabic word for ‘sun’, is …

Dubai / Emirates Business Dubai Electricity and Water Authority, DEWA, has launched its ‘Shine a light on Climate Action’ campaign, to raise awareness on the dangers of the increasing effects of climate change. The campaign was launched by DEWA in preparation for Earth Hour 2016, and supports the Green Economy for Sustainable Development Initiative, launched by Vice President and Prime …