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Middle East renewable energy output to triple by 2035

Middle East renewable energy output to triple by 2035

The Middle East is expected to more than triple its share of renewable energy from 5.6 percent in 2016 to 20.6 percent in 2035, according to a new forecast from Siemens.

Siemens’ ‘Middle East Power: Outlook 2035’ report notes that the region will acquire 483 gigawatts (GW) of power generation in the same time frame, up from 277GW.

Despite the

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Saudi wealth fund said to weigh bank loans for investments

Saudi wealth fund said to weigh bank loans for investments

Saudi Arabia’s sovereign wealth fund, which aims to become a $2 trillion investment giant, is considering borrowing from banks for the first time as it seeks investments in the kingdom and abroad, according to people familiar with the matter.

The Public Investment Fund, or PIF, has held talks with local and international banks and could raise

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Bee'ah to add 50 electric Tesla Semi trucks to its fleet

Bee'ah to add 50 electric Tesla Semi trucks to its fleet

Bee’ah, the UAE-based environmental energy and waste management company, has ordered 50 Tesla Semi trucks.

The purchase will see Bee’ah have the first and largest fleet of Tesla trucks in the Middle East, which are expected to come fitted with Tesla Autopilot that allows semi-autonomous driving on motorways.

Bee’ah said it placed the order i

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In pictures: 2018 Dubai World Cup Carnival at Meydan Racecourse

In pictures: 2018 Dubai World Cup Carnival at Meydan Racecourse
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2018 Getty Images

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General view of action during the Dubai World Cup Carnival Races at the Meydan Racecourse in Dubai.

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2018 Getty Images

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General view of action during the Dubai World Cup Carnival Races at the Meydan Racecourse in Dubai.

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2018 Getty Images

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General view of action during the Dubai World Cup Carnival Races at the Meydan

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Off-plan properties dominate Dubai's prime real estate market

Off-plan properties dominate Dubai's prime real estate market

Dubai’s prime residential market has seen an uptick in sales volume, driven by the popularity of off-plan properties, according to new data from Luxhabitat.

In 2017, the price per square foot for prime residences was at AED 1,482 ($403) per square foot, comparable to the levels recorded in the fourth quarter of 2015.

Additionally, the total volume

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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