The share of clean energy capacity reached 15.6 per cent of the UAE's total energy mix in 2022, and the target is to raise it to 30 per cent by 2030.
That's according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, speaking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
He added that over the past 15 years, the UAE has invested more than $40 billion in clean energy projects, and this figure is likely to range between $150-200 billion through 2030.
Al Mazrouei also underscored the country's commitment to reduce greenhouse gas emissions and achieve net-zero targets by 2050.
The minister pointed out that the UAE ranked second globally in the Energy Transition pillar of the Green Future Index 2023, which is a testament to its leading contributions and growth rate in renewable and clean energy generation.
The index compiled by MIT Technology Review offers a comparative ranking of 76 nations and territories on their ability to develop a sustainable, low-carbon future.
It measures the degree to which their economies are pivoting toward clean energy, industry, agriculture, and society through investment in renewables, innovation and green policy.
Spinneys 1961 Holding PLC, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands in the UAE and Oman, started trading on Thursday on the Dubai Financial Market (DFM).
After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.
Expanding flexible working hours and remote work policies in the public and private sectors have been announced by Dubai Executive Council in plans to tackle traffic congestion in the city.