Dubai’s RTA unveils revamped Strategic Plan 2024-2030

Dubai’s RTA unveils revamped Strategic Plan 2024-2030

The plan is designed to facilitate the development of roads and transport systems that support the 20-minute city

Dubai plans to slash carbon emissions in half by 2030

Dubai plans to cut carbon emissions in half by 2030

The city’s ambitious plan is set to accelerate the momentum that it has achieved in its transition towards clean energy over the last decade

fossil fuel

OPEC members push against including fossil fuels phase-out in COP28 deal

Germany’s state secretary and special envoy for climate action, Jennifer Morgan, said counties were now “moving into the critical stage of negotiations”

DRONE SHOW - THE BEACH, JBR

Dubai Shopping Festival drone and light show returns to The Beach, JBR

The 800-piece drone shows will illuminate the skies with a symphony of colours and shapes, telling two exciting new stories through their display

QIDDIYA CITY

Qiddiya City megaproject brand unveiled by Saudi Crown Prince

Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

Kuwait announces long weekend holiday for 2024: Report

As Kuwait observes a Friday-Saturday weekend, the National Day celebration will give the workforce a four-day break come February

Binance withdraws Abu Dhabi licence application

Binance withdraws Abu Dhabi licence application

The licence would have allowed the crypto exchange firm to manage a collective investment fund

DSF begins on December 8 in Dubai Image DFRE

Dubai Shopping Festival begins: Deals, discounts, fireworks, prizes on offer

Starting on December 8, the Dubai Shopping Festival will run until January 14

Michelin Guide Abu Dhabi 2024 Image supplied

Abu Dhabi: Here are the UAE capital’s latest Michelin starred restaurants

Erth, an Emirati restaurant is the latest entrant to the ‘star’ line-up

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

The company’s R&D centre in Abu Dhabi is aimed at accelerating the pace of AI and EV innovation for mobility applications

Wizz Air Abu Dhabi

Interview: ‘Ultra low-cost yet sustainable’, Wizz Air reveals strategic growth plan

Gulf Business speaks to Yvonne Moynihan, chief corporate and ESG officer, Wizz Air as the aviation industry is called upon to chart a path to net zero

Saudi Arabia allots $100m for Sudan humanitarian crisis

Saudi Arabia approves 2024 state budget, forecasts SAR79bn deficit

The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn

Sheikh Mohammed unveils the largest CSP project

Sheikh Mohammed opens world’s largest concentrated solar farm

The fourth phase of the solar park is expected to power 320,000 homes and offset 1.6 million tonnes of carbon emissions per year

UAE’s FAB to provide $135bn in green finance by 2030

UAE’s FAB to provide $135bn in green finance by 2030

The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen

How AWS is supporting MENA’s cloud journey

Exclusive: Jonathan Allen on how AWS is supporting MENA’s cloud journey

AWS’ director of enterprise strategy tells Gulf Business that the company has three data centres in the UAE and Bahrain, giving customers access to key cloud computing services

President Putin in rare foreign visit to UAE, Saudi Arabia

President Putin visits UAE and Saudi Arabia, to meet Crown Prince Mohammed bin Salman

The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

UAE ransomware

Hackers are targetting UAE, Saudi businesses’ cloud services — survey

The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.

food

Food Tech Valley’s ‘GigaFarm’ capable of growing 2 billion plants

ReFarm and IGS announced the partnership from their demonstration facility in Dubai

Air conditioning condensers on the roof of a large building. (cooling)

Near zero emission cooling possible by 2050: Report

Led by the COP28 UAE Presidency, the Global Cooling Pledge, sets out a series of commitments by governments that will accelerate emission reductions from energy use and refrigerants

McLaren

Dubai Police adds McLaren Artura hybrid supercar to patrol fleet

A top speed of 330 kilometres per hour and an acceleration of 0-100 kilometres per hour in 3 seconds make it one of the fastest supercars on the market

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

Masdar, Iberdrola to co-invest in clean energy projects

Abu Dhabi’s Masdar, Iberdrola to co-invest EUR15bn in clean energy projects

The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project

Qatar’s Ooredoo, Zain and TASC to create 2.2bn tower company

Qatar’s Ooredoo, Zain and TASC to create $2.2bn tower company

The new tower entity is expected to achieve run-rate revenues close to $500m annually

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Hummer ev

GMC Hummer Ultium EV Pickup: A re-invented legend

The Hummer Ultium EV Pickup’s reinvention underscores the revolution taking place in the global automotive industry

From aerial taxis to smart streetlights: Dubai’s RTA green lights Dhs2.5bn in deals

Dubai’s Roads and Transport Authority (RTA) has approved a new set of ten public-private partnership developments for 2024-2026

MASTERCARD

Interview: Mastercard’s Andrea Prazakova on navigating the sustainability transition

Mastercard’s position at the critical juncture of finance and sustainability allows it to influence the transition to net zero

rupee

India’s rupee hits fresh new low against UAE dirham

India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength

DFSA waives fees on ESG listings on Nasdaq Dubai

DFSA scraps regulatory fees on ESG listings on Nasdaq Dubai

The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority