DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the largest concentrated solar power (CSP) project in the world, within the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 950-megawatt (MW) fourth phase is the largest investment project ...

DUBAI / WAM The UAE adopts a set of integrated policies to enhance and diversify job opportunities, boost employment rates, and drive economic prosperity in the country as part of its tireless efforts to combat climate change. This statement was made during a special session by the International Labour Organisation (ILO), held on the sidelines of the 28th United Nations ...

DUBAI / WAM On Wednesday, the COP28 Presidency joined with the United Nations Human Settlements Programme (UN-Habitat), the UN Climate Change High-Level Champion for COP28, and Bloomberg Philanthropies to call on housing, urban development, environment, and finance ministers to back the ‘Joint Outcome Statement on Urbanisation and Climate Change’ (the Statement). The statement, which was supported by over 40 Ministers ...

DUBAI / GULF TIME Perfect Corp the leading artificial intelligence (AI) and augmented reality (AR) beauty and fashion tech solutions provider and developer of the award-winning YouCam suite of apps has unveiled its new virtual try-on technology aimed at beauty salons and hairdressers. Set to redefine the way consumers discover and experiment with hairstyles, this groundbreaking technology, now available in ...

DUBAI/ GULF TIME The Coffee Club, a popular name among coffee aficionados and food enthusiasts in the region, is thrilled to announce the opening of its Wafi City outlet as it celebrates its 9th year in the Middle East. Now operating a network of 22 outlets across the region, with 20 nestled in the UAE, The Coffee Club remains committed ...

ABU DHABI/ WAM Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has announced its investment in Zenobē, a global player in fleet electrification and battery storage solutions. This strategic investment by Mubadala was executed with Infracapital, the infrastructure equity investment arm of MG Plc, where Mubadala is a strategic limited partner. Founded in 2017 and headquartered in London, Zenobē ...

DOHA/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan headed the UAE delegation participating in the 44th Session of the Gulf Cooperation Council Supreme Council. The summit was inaugurated today in Doha by His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar. The summit addressed ways to build upon the historical cooperation ...

BLOOMBERG European stocks were mixed as traders weighed concerns over China’s debt burden against dovish comments by a European central banker. The Stoxx 600 was little changed, while US equity futures extended losses. German government debt advanced and money markets amped up easing bets after the ECB’s Isabel Schnabel told Reuters that further interest rate hikes are unlikely. At the ...

RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has directed to reduce commercial licensing fees by 25 percent for all small and medium enterprises (SMEs) in the southern regions. The directives came within the framework of Sheikh Saud’s follow-up of work progress in various economic sectors in ...

DUBAI / WAM The Emirates Nuclear Energy Corporation (Enec) and Westinghouse, an international leader in designing, developing and deploying commercial nuclear energy facilities, have together signed a memorandum of understanding (MoU) regarding the eVinci microreactor as a key solution for tackling the dual challenges of energy security and climate change. The MoU signing took place at COP28 between Mohamed Al ...