Aldar Properties has secured a AED 5 billion revolving credit facility linked to ESG targets, reflecting a strategic shift towards sustainable and diversified funding amid robust investor confidence and regional market trends. Aldar Properties has added another layer of financing linked to sustainability targets. They recently closed a five-year revolving credit facility worth AED 5 billion. The Abu Dhabi-based developer says this move will help them maintain a solid liquidity buffer and support their upcoming growth phases. According to their statement, the syndicated facility is tied to environmental, social, and governance (ESG) goals. It’s structured across both conventional and Sharia-compliant…

As Iran tensions threaten Gulf economies and global energy markets, regional policymakers increasingly rely on public-private partnerships to accelerate infrastructure development, diversify energy sources, and enhance resilience against strategic shocks. The recent flare-up involving Iran has, once again, highlighted a tough truth for the Gulf region: strategic shocks, well, at least to me, don’t stay at the strategic level for long. They quickly ripple into energy markets, shipping lanes, insurance premiums, and even public finances. For governments in the Gulf, the challenge isn’t just about trying to contain a crisis anymore. It’s about figuring out how to keep their economies…

Swedish EV maker Clean Motion partners with Dubai-based Averroes Tech to establish local assembly and potentially full-scale manufacturing in the Gulf, aligning with regional climate and industrial policies. Clean Motion is stepping up its efforts to expand into the Gulf region, and it recently signed a memorandum of understanding with Averroes Tech Manufacturing, a Dubai-based company. This deal might see the Swedish EV maker go from just entering the market to setting up local assembly, and possibly even moving into full-scale manufacturing within the region. According to both companies, the partnership aims to push Clean Motion’s products across the Gulf,…

The UAE’s Ministry of Energy and Infrastructure has launched a pioneering microgrid project at its Sharjah headquarters, showcasing a significant step towards decentralised, resilient, and sustainable energy systems for government facilities, with plans for nationwide expansion. The UAE’s Ministry of Energy and Infrastructure has started to promote microgrids as a key element in shaping future government infrastructure. They recently revealed what they call a strategic project aimed at boosting energy security, enhancing sustainability, and improving operational efficiency across federal facilities. This move aligns well with the government’s “We the UAE 2031” vision, which envisions a more advanced and resilient infrastructure.…

Dubai has announced the completion of its first commercial vertiport, marking a significant step towards launching passenger air taxi services by 2026 as part of its broader push into advanced urban mobility. Dubai has taken a notable step forward toward launching passenger air taxis, as announced by the Roads and Transport Authority along with Skyports Infrastructure. They stated that the technical completion of the city’s very first commercial vertiport has now been achieved near Dubai International Airport. This facility, which the partners claim is the first of its kind on a commercial scale, is meant to act as the main…

The UAE’s comprehensive food security strategy is embracing cutting-edge technologies, innovative awards, and sustainable farming practices to transform its food system into a resilient, self-sufficient network by 2051. Innovation has really become a core part of the UAE’s food security plans, with policymakers seeing the issue not just as an economic thing but as a matter of national resilience. That message is consistent throughout the country’s long-term strategy to create a safer, more productive, and less wasteful food system, while also lowering reliance on imports. At the center of all this is the UAE’s National Food Security Strategy 2051, which…

Researchers at United Arab Emirates University have developed and patented a biopesticide designed to withstand the scorching heat of the Gulf region, promising a sustainable solution for local agriculture amid climate challenges. Researchers at United Arab Emirates University have managed to obtain a US patent for a biopesticide that’s designed to endure extreme heat. This breakthrough might actually prove quite useful for farming in the Gulf’s tough climate, where conditions can be brutal for crops. Based on reports in Arabic from 25h.app and an additional summary from Sharjah24, the team from the university’s College of Agriculture and Veterinary Medicine developed…

Dubai Municipality has revealed 36% completion of a AED 500 million project in Deira, aiming to strengthen flood defence and support the city’s rapid growth ahead of Dubai Urban Plan 2040. Dubai Municipality has announced that approximately 36% of a major stormwater drainage project in Deira is now complete. The goal? To bolster flood resilience across one of the city’s busiest neighborhoods. This project, which is part of the larger Tasreef initiative and comes with an estimated price tag of AED 500 million, is slated for completion by the end of 2027. The municipality explained that they reviewed the progress…

The Emirates Development Bank swiftly approved AED1 billion in funding over a month, underscoring the UAE’s intensified push to boost local manufacturing, renewable energy, and technological capacity amidst regional uncertainties. Emirates Development Bank recently announced that it approved AED1 billion in funding in just one month. This really highlights how actively the state-backed lender is channeling capital into the UAE’s industrial landscape, especially as the country pushes to boost local manufacturing and cut down reliance on imported supply chains. The bank, which plays a central role in the UAE’s broader industrial development efforts, explained that these approvals are part of…

The UAE’s Ministry of Investment partners with Jereh Group to establish a pioneering energy and industrial ecosystem, spotlighting SMRs and battery sustainability as part of its Energy Strategy 2050 and stronger China-UAE ties. The UAE’s Ministry of Investment has recently signed a memorandum of understanding with Jereh Group, aiming to develop an integrated clean energy and industrial platform within the country. This move highlights Abu Dhabi’s efforts to blend advanced manufacturing capabilities with low-carbon energy solutions. The announcement, made on April 18, saw the signing of the agreement by Mohammad Abdulrahman Alhawi, the ministry’s undersecretary, and Li Weibin, who is…