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UAE’s Masdar acquires 1GW renewable projects in Poland

DUBAI / WAM Abu Dhabi Future Energy Company (Masdar) on Monday announced the acquisition of eight hybrid renewable energy projects, along with Taaleri Energia, a Finnish-based renewable energy developer and fund manager, marking a significant expansion to both companies’ Polish renewable energy portfolios. Masdar and Taaleri Energia have purchased the projects from Domrel Biuro Usług Inwestycyjnych (Domrel), a leading developer ...

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Green Fujairah Initiative launched on sidelines of COP28

DUBAI / WAM The Fujairah Environment Authority has launched the Green Fujairah Initiative, which includes several pillars that will address climate change and reflects the commitment of the Emirate of Fujairah to mobilise climate action efforts across various sectors. This came during a panel discussion organised by the Authority at UAE House of Sustainability, in the Green Zone at the ...

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Rolls-Royce plans higher cash flow as CEO pushes efficiency

BLOOMBERG Rolls-Royce Holdings Plc set ambitious medium-term targets of higher cash flow and return on capital as Chief Executive Officer Tufan Erginbilgic takes his turnaround effort at the UK engine maker to the next phase. The company expects to achieve operating profit of as much as £2.8 billion ($3.5 billion) and free cash flow of as much as £3.1 billion ...

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Hamdan bin Zayed receives President of Angola

ABU DHABI/ WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, received at Al Nakheel Palace on Monday, President João Lourenço of the Republic of Angola, and discussed with him bilateral relations and ways to enhance them. During the meeting, Sheikh Hamdan welcomed the guest president, who is visiting the country to participate in the ...

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Winter is ‘snow’ much better in the Capital at Snow Abu Dhabi’s first-ever Winter Wonderland

ABU DHABI/ GULF TIME For the first time ever, Snow Abu Dhabi will be transformed into a Winter Wonderland from 01-25 December, so guests in the Capital can enjoy a bumper line-up of family-friendly activities surrounded by real snow! Santa Claus is coming to town and guests will have the chance to meet the man himself and his merry elves ...

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Khaled bin Mohamed bin Zayed visits COP28 site, reviews preparations to receive delegations

DUBAI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has visited the COP28 site at Expo City Dubai as the country prepares to host the global conference until 12 December. His Highness toured the site and was briefed on the preparations of its facilities and ...

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ADGM, CPX sign MoU to strengthen cybersecurity resilience

ABU DHABI/ WAM CPX Holding, a leading provider of digital-first cybersecurity solutions and services, today signed a Memorandum of Understanding (MoU) with Abu Dhabi Global Market (ADGM). The memorandum was signed during the Abu Dhabi Finance Week (ADFW) by Paul Lawson, Executive Director Cyber Defence, CPX and Abdullah Al Qubaisi, Chief Support Services Officer, ADGM and witnessed by Mohammed Hamad ...

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COP28 President urges bold decision on Global Stocktake, stresses ‘We have the power to do something unprecedented’

DUBAI/ WAM Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has officially assumed the role of COP28 President in a ceremony to mark the official transfer of the role from his predecessor, Egypt’s Sameh Shoukry. “The science has spoken,” the COP28 President told delegates. “It has confirmed the moment is now to find a new road, ...

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