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ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, signed a power purchase agreement (PPA), with Perusahaan Listrik Negara (PLN), the state electricity company in Indonesia, for the first floating solar photovoltaic (PV), plant in the country. Dr Sultan bin Ahmad Al Jaber, UAE Minister of State and Chairman of Masdar, and Zulkifli Zaini, President Director, ...

DUBAI / WAM The Nation Brand Office of the UAE has officially begun its task of unifying and coordinating the message of promoting the UAE’s capabilities to the rest of the world, and has also released official guidelines for the use of the Nation Brand with the launch of its new website portal: www.nationbrand.ae. The Nation Brand Office, which holds ...

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, and Abdel Fattah el-Sisi, President of Egypt, along with several representatives of Arab and foreign countries, attended the inauguration of the Barnis Military Base located in Southern Military Area of the Red Sea Governorate. ...

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy and sustainable real estate companies, has announced the launch of a sustainable real estate investment trust (REIT) — the first ‘green’ REIT to be introduced in the UAE. The REIT was launched at Abu Dhabi Sustainability Week (ADSW), by Ahmed Ali ...

ABU DHABI / WAM Etihad Airways on Wednesday announced its commitment to a minimum target of zero net carbon emissions by 2050 and halving its 2019 net emission levels by 2035. In a press release issued by Etihad on Wednesday, coinciding with Abu Dhabi Sustainability Week, the company said that its ambitious environmental targets will be achieved through a mix ...

DUBAI / Emirates Business Emirates on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with Trip.com Group, a world’s leading one-stop travel service provider. The agreement was signed in Shanghai by executives of both companies, signalling the start of a strategic cooperation between Emirates and Trip.com Group and allowing the airline to expand its reach in the ...

SHARJAH / WAM Arada announced that its total value of sales rose 33% in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s megaproject, Aljada. The total number of units sold by Arada increased by 86% against the previous year. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said, “2019 was a very strong year ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and Cepsa, a global energy and chemical company owned by Mubadala and The Carlyle Group, on Wednesday announced an agreement to establish a joint venture company to develop renewable energy projects in Spain and Portugal. The 50:50 venture was announced ...

Abu Dhabi / WAM Bee’ah, the Middle East’s sustainability pioneer, and Unilever Gulf, one of the region’s leading suppliers of beauty and personal care, home care, and food and refreshment products, announced a Memorandum of Understanding (MoU) at the Abu Dhabi Sustainability Week 2020 to explore collaboration in an end-to-end integrated plastic recycling management system, through ambitious plans for a ...

Bloomberg Singapore has just made it easier for investment firms to register funds locally in a bid to increase its allure as a financial hub. A new law, which came into effect on January 14, encourages asset managers to domicile their funds in Singapore by allowing the creation of a single structure to hold a pool of assets and multiple ...