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Abu Dhabi development body approves $25m African solar projects

Abu Dhabi development body approves $25m African solar projects

The Abu Dhabi Fund for Development (ADFD), in partnership with the International Renewable Energy Agency (IRENA), has allocated $25m in ADFD concessional loans for two solar photovoltaic projects in Mauritius and Rwanda.

Both projects are part of IRENA/ADFD Project Facility, a seven-year, $350m plan set up in 2013 to give low-cost capital to

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Dubai real estate investment yields to compress in 2018, report says

Dubai real estate investment yields to compress in 2018, report says

Rents in Dubai will continue to decline, resulting in yield compression in several areas, according to a new market outlook from Core Savills.

The Core Savills’ 2018 Dubai Investment Outlook notes that as 2017 came to a close, “a clear trend in residential sales prices remains elusive.”

“In 2018, a variety of economic parameters in Dubai are b

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Saudi non-oil sectors set for positive 2018

Saudi non-oil sectors set for positive 2018

Overlook the lagging oil sector and the Saudi economy is in excellent health. That’s the conclusion from the latest BMI report into the kingdom, which cites the government’s fiscal stimulus packages, a further raft of which was announced this month, and increasing business confidence as reasons for their optimism.

Non-oil growth, for instance,

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Dubai is the model of a modern MidEast economy

Dubai is the model of a modern MidEast economy

For more than 100 years, the Middle East has been defined by oil exploration, production and its boundaries.

Now the region is getting repurposed by its aspiration to grow beyond fossil fuel.

The shake-up in Saudi Arabia's royal family was as much about becoming a 21st-century economy as it was about rooting out corruption.

None of the region's

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McIlroy focused on more majors as he prepares for Abu Dhabi return

McIlroy focused on more majors as he prepares for Abu Dhabi return

Golf superstar Rory McIlroy says a heart defect will not prevent him from challenging again to be world number one and add to his tally of four majors.

The 28-year-old Northern Irishman, who begins his year in Abu Dhabi next week ranked 11 in the world, told The Daily Telegraph he doesn't lose too much sleep over it.

"I have a flat T-wave and I'll

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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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