What is the current situation of the development of renewable energies in the Region? Our territory is ideal for the production of renewable energy, especially photovoltaic, few places in the world enjoy a sun and a sky that allows us to have our 3,000 hours of sunshine per year. In addition, we have excellent distribution … Read more
19.04.2023 – 12:00 INERATEC GmbH Frankfurt (ots) INERATEC is today officially breaking ground for the first large-scale industrial power-to-liquid (PtL) plant in Frankfurt together with Hesse’s Economics Minister Tarek Al-Wazir. From 2024, the plant will produce up to 2,500 tons of sustainable e-fuel annually and thus make an important contribution to achieving climate protection goals. … Read more
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders … Read more
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Wind farms are now being paid for electricity they do not supply. This development is a result of the surging amount of generation from renewable energy sources in recent years. The phenomenon has sparked a lot of interest among power industry stakeholders and is increasingly changing the dynamics of electricity markets. The practice known as … Read more
As rampant urbanization continues to encroach upon natural resources, water scarcity has become an increasingly pressing issue in urban areas all around the world. While climate change and other environmental factors are often cited as primary culprits, a new study is pointing the finger at another source of water depletion: the extravagances of the world’s … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
Created on April 08, 2023 | 07:30 Reading time: 2 mins 3,400 new PV systems were put into operation in March of this year alone. Photo: Network Lower Austria Wurnig In Lower Austria there is a veritable photovoltaic boom. This is reported by the EVN subsidiary Netz Niederösterreich. The inquiries for PV systems have tripled … Read more
Solar 21, a leading global investment group focused on renewable energy, recently announced the hiring of a forensic accountant to provide additional oversight and transparency to investors. The move is part of the company’s continued efforts to bolster investor confidence and ensure the highest level of corporate governance. In this article, we will explore the … Read more