A pilot project deploying solar-powered desalination technology will be launched to produce pure water for irrigation and provide a sustainable cooling option for greenhouses.
UAE-based Silal, one of the region’s largest holding companies, has partnered with Netherlands-headquartered solar thermal desalination company, Desolenator for the launch of the project.
Causing zero environmental harm, the unique project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of the desalination process.
The project is supported by a AED 100 million research and development fund launched in 2022 by ADQ. The fund forms part of Growth Lab, a community of innovators across ADQ’s portfolio that realises the company’s commitment to accelerating innovation and R&D, focusing on unlocking growth opportunities, and driving value creation and sustainability across priority sectors of the UAE’s economy.
The project aims to demonstrate how innovative partnerships can address the water-food-energy nexus and model sustainable agriculture for countries worldwide. It also marks a paradigm shift in handling the vital water-food-energy nexus and is a testament to the power of collaborative innovation in advancing global sustainable development goals.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.
DP World has announced revenue grew by 9.7 per cent to $20 billion (AED 73.5 billion), and adjusted EBITDA rose by 6.7 per cent to $5.5 billion (AED 20.2 billion), with an adjusted EBITDA margin of 27.2 per cent for the year ending December 31, 2024.
Abu Dhabi saw a significant rise in the resolution of consumer complaints against commercial establishments last year, with 90 per cent of cases being settled amicably, compared to 83.4 per cent in 2023.