UAE has pledged its support, along with partners from the US, Japan, and South Korea, to invest up to $275 million in nuclear energy project in Romania. The UAE’s contribution, facilitated by the Emirates Nuclear Energy Corporation (ENEC), will be directed towards the deployment of a NuScale Small Modular Reactor (SMR) in Romania. Leveraging its […]
UAE
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UAE reveals major change to work permits
The UAE has made a major change to the duration of work permits in the country. Following recommendations from a Federal National Council committee the active duration of work permits in the country will be extended to three years. It is illegal to work in the UAE without a valid work permit. UAE work permits Before the FNC […]
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UAE 2023 economic growth to suffer due to oil output decline: Report
The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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UAE’s TAQA eyes $3 billion power infrastructure deals in Uzbekistan
TAQA is exploring strategic power investments opportunities in Uzbekistan that collectively could be worth more than $3 billion. These opportunities include new and existing power plants as well as associated power infrastructure. This follows a collaboration agreement between TAQA and the government of Uzbekistan to identify areas of mutual interest. TAQA, also known Abu Dhabi National Energy Co, […]
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UAE mourns death of royal family member
The UAE is mourning the death of a member of the royal family. The Royal Court of Ras Al Khaimah announced the death of Sheikh Mohammed bin Omar bin Saqr Al Qasimi. Sheikh Mohammed was the son of Sheikh Omar bin Saqr Al Qasimi, and a member of the royal family of Ras Al Khaimah. UAE Sheikh […]
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UAE announces major tax update for residents
The UAE has announced a new ministerial decision outlining rules on who should and should not pay Corporate Tax in the country. The new rules, announced on Wednesday, 17 May 2023 confirm that business owners in the UAE will only be liable to pay Corporate Tax if the turnover from the business activity is more than AED1m […]
Posted inNews, Energy Transition
Green hydrogen: The future is here
While the horrific COVID-19 catastrophe may be what many remember about 2020, it was also a historic year for global energy transition and the advancement of hydrogen technology. In connecting their pandemic response with longer-term aims, many governments announced efforts to utilize hydrogen as a vital energy source. Parallel to this, many nations, cities, and […]
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Every public holiday in GCC countries 2023
Public holidays in the UAE, Saudi Arabia and across the GCC are a mixture of religious observances and days of national celebration and recognition. The guide below shows the public holidays expected in the rest of 2023. It is intended as a guide only, exact dates and observances are subject to change depending on moon-sighting committees […]
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ADNOC to install solar panels on Dubai petrol stations this year
ADNOC Distribution will install solar panels across its service station network in a phased approach starting in Dubai this year, the company announced on Thursday. For the solar rollout, the company has partnered with Emerge, a joint venture between Masdar and EDF, to provide ADNOC Distribution with a full turnkey solution including finance, design, procurement, […]
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US eyes major railway project to link UAE, Saudi Arabia and India
US National Security Advisor Jake Sullivan recently met with heads of UAE, Saudi Arabia and India in Riyadh, lending credence to a report that the three Asian countries are getting together to create a major railway network, Arabian Business reported. American news website Axios, on Friday reported that the US is discussing plans for the railway network, […]
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