UAE state-owned renewables firm Masdar has launched a renewable energy facility that will produce 1 gigawatt of uninterrupted clean power, the company's chairman said on Tuesday.
Speaking at the opening of Abu Dhabi Sustainability Week, Sultan Al Jaber, who also serves as the chief executive of energy giant Abu Dhabi National Oil Co (ADNOC) and is the UAE minister of industry and advanced technology, called the project a significant step in transforming renewable energy into baseload power.
"This will, for the first time ever, transform renewable energy into baseload energy. It is a first step that could become a giant leap," Al Jaber said.
"How can we power a world that never sleeps with energy sources that do? How can we transform renewable resources into reliable power? Today…we have an answer," Al Jaber said before announcing the project.
Al Jaber said that the rapid growth of energy-hungry applications like ChatGPT could lead to a 250% increase in energy demand by 2050, reaching 35,000 GW. This highlights the need for diverse energy sources to meet the unprecedented demand, he added.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement for CEO Elon Musk.
Sharjah Airport welcomed more than 4.5 million travellers in the first quarter of this year, an 8 per cent increase compared to the same period last year.
The Knowledge and Human Development Authority (KHDA) has approved a 2.35 per cent Education Cost Index (ECI) for Dubai's for-profit private schools for the 2025–26 academic year, allowing eligible schools to increase tuition fees within that limit.
A Dubai court has sentenced Indian businessman B.S.S., widely known as 'Abu Sabah', to five years in prison for his role in a large-scale money laundering operation.