Aldar Properties has partnered with Yellow Door Energy, a leading sustainable energy organisation, to bring solar power to 45 properties across the UAE, supporting the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi's 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was signed by Salwa Al Maflahi, Aldar's Director of Sustainability and Community Outreach and Rory

Infinity Power, Africa’s largest pure play renewable energy provider, has annnounced that more than 10 countries have joined a first-of-its-kind consortium to deploy 5GW of Battery Energy Storage Systems (BESS) by 2024-end. Infinity Power, a joint venture between Egypt’s Infinity and Abu Dhabi energy company Masdar, targets power generation projects in Africa through renewable energy sources, namely solar and wind, as

EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced that it is extending its operations to the United Arab Emirates (“UAE”). This expansion involves joining the Smart and Autonomous Vehicle Industries (“SAVI”) Cluster in Abu Dhabi. Additionally, a long-term strategic partnership has been formed with Wings Logistics Hub, the

This comprehensive approach will improve efficiency while maintaining world-renowned hospitality, said a statement from Etihad Airways. The MoU will facilitate China Eastern’s ambition to begin services to Abu Dhabi through its discussions with Abu Dhabi Airports, the Department of Culture and Tourism of Abu Dhabi, and other key stakeholders in the UAE capital. A combination of Etihad and China Eastern services, which

Major Gulf markets were subdued in early trade on Monday after the New York Federal Reserve president pushed back against expectations of imminent rate cuts, although rising oil prices limited losses. New York Fed President John Williams on Friday said the central bank remained focused on bringing inflation down to its target of 2% and added it was "'premature' to discuss

Aldar Properties PJSC (“Aldar”), Tadweer (Abu Dhabi Waste Management Company) and global circular economy solutions expert Polygreen have formed a joint venture to launch Ecoloop. The circular model is the first-of-its-kind in the region, will divert waste across Aldar’s owned and managed assets from the landfill, and transform it into valuable resources. The signing of the joint venture was made on

UAE real estate developer Reportage has announced the launch of its new project, Royal Park, within the Masdar City in Abu Dhabi, thus enhancing the company’s portfolio in one of the most sustainable urban communities in the world. Spanning a land area of 27,080 sq m, the Royal Park project consists of 6 residential groups with a mix of 45 units

Abu Dhabi’s sovereign wealth fund Mubadala is among the companies that have submitted bids to buy Canada Pension Plan Investment Board’s (CPPIB) 50% stake in India-based IndoSpace Core, according to Financial Express. CPPIB has mandated the US investment bank Morgan Stanley to run the sale process, which is expected to fetch $700 million, the Indian financial daily reported citing informed sources. Dutch

Aldar Properties (‘Aldar’), Mubadala Investment Company (‘Mubadala’) and Ares Management (‘Ares’) today announced that they have entered into a new partnership to jointly invest US $1 billion in private real estate credit opportunities in the United Kingdom and Europe over the next three to five years. As part of this transaction, Mubadala will hold a 50% stake in the new

IAAPA in collaboration with Miral, a creator of immersive experiences and destinations, a well-established IAAPA Member, and the Abu Dhabi Exhibition Convention and Exhibition Bureau are partnering to welcome a trade summit on Yas Island, Abu Dhabi in January 2024. IAAPA, the global association for the attractions industry, continues to support the Middle East region with in-person offerings by welcoming attendees