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World’s Largest Solar Power Plant Launched

 A major milestone for renewable energy in the Middle East created when Shams 1, the worlds largest concentrated solar power plant (CSP) in operation launched by Masdar yesterday. Shams 1, the 100-megawatt grid connected power plant will produce clean energy for 20,000 homes in UAE and is located at Western…

Long-term strategy for GCC Hydrocarbon exporters- Experts urged

Expert says Gulf hydrocarbon exporters need to formulate a long-term strategy in reaction to the discovery of shale oil and gas in the U.S and other countries. This urged to diversify economy away from unstable crude costs to guarantee fixed income Mohammed Al Asumi, a former adviser at the Ministry…

ADIA’s board restructured

An emiri decree restructuring the board of Abu Dhabi Investment Authority (ADIA) was issued by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan. The decree states that the board members will serve a renewable three year term. Here is the restructured ADIA board: Chairman: H.H. Sheikh Khalifa bin…