The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 billion in technology projects in 2019, according to a report by Russian news Agency Tass.
News, Software
Mubadala-owned IT services provider opens offices in Dubai
Abu Dhabi-based Injazat Data Systems, a provider of IT, data centre and managed services, has announced its expansion to Dubai.0 5854
UAE nuclear power plant delays operations to 2019
The cause of the delay in the nuclear power plant’s operation – which was originally due to begin in late 2018 – is reportedly due to a “comprehensive operational readiness review.”
DEWA, 3M to develop disruptive innovations
Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with 3M, an international company specialised in Research and Development (R&D), to exchange and share knowledge and expertise in anticipating the future and developing disruptive innovation in DEWA’s work.
DEWA, DSOA team up to achieve UAE’s renewable energy goals
Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with Dubai Silicon Oasis Authority (DSOA), to build strategic partnerships and enhance coordination and mutual support for the success of international events that highlight renewable energy initiatives and sustainability.
Dubai’s Sheikh Mohammed opens Phase 3 of “region’s largest solar park”
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday inaugurated the 200 megawatts (MW) first stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
Blockchain startups to attract $3 billion in investments
Blockchain adoption continues to grow across industries world-wide with total spending on blockchain solutions set to grow to $9.7 billion in 2021, according to IDC.
DEWA updates strategies to bolster UAE Vision 2021
Saeed Mohammed Al Tayer, during his keynote speech, noted that DEWA organises the annual workshop to review and update its strategy, which is aligned with the vision and directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to anticipate the future, innovate technologies, and employ them to achieve the best results.
Saudi Arabia, SoftBank announce $200 billion solar project
Saudi Arabia and Japanese telecom giant-turned-tech investor SoftBank have announced a new phase of their partnership on Tuesday, announcing the world’s biggest solar power generation project at a press conference in New York.
Dubai awards $384 million worth of contracts to expand electricity networks
The Dubai Electricity and Water Authority, DEWA, has announced that it awarded contracts to construct four 400/132kV substations, which is valued at $348 million (AED1.28 billion).
Emerging opportunities for renewable energy on spotlight in Oman
The Oman American Business Centre (OABC) has recently announced that it will host a one-day forum focused on the benefits and opportunities in sustainable energy field in the Sultanate.