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Abu Dhabi’s new solar project receives world’s lowest tariff bid

The 2GW solar photovoltaic (PV) independent power producer (IPP) Al Dhafra project – to be located in Abu Dhabi – has received, from the first-ranked bidder, a tariff offer set at AED 4.97 fils per kWh ($1.35 cents per kWh), which is approximately 44% lower than tariff set three years ago for the 1.7GW Noor Abu Dhabi project, one of the world’s largest solar PV projects and a world record tariff-setter at the time.

Mohamed Farag

Al-Sisi arrives in Abu Dhabi to discuss Gulf issues, regional developments

Egyptian President Abdel Fattah Al-Sisi arrived in the capital of the United Arab of Emirates (UAE),  Abu Dhabi, on Tuesday. Al-Sisi’s two-day visit agenda will include discussing recent regional developments, Gulf issues, the two countries’ bilateral relations, and regional and international issues of mutual concern, following a three-day visit to the Sultanate of Oman. Al-Sisi …

Mohamed Samir

Sideways trend dominates Gulf markets in past week’s trading

The Arab Gulf stock markets experienced a sideways trend over the past week affected by the high price of Brent Crude, which rose from $42.14 up to $46.97 per barrel since the beginning of August. Qatar led the region-wide rise to finish 2.57% higher during the past week’s trading. It increased from 10,681.08 points to …

Mohamed Ahmed

Kessel Racing team wins Gulf 12 Hours in Abu Dhabi

The Swiss racing team Kessel Racing has won the fifth “Gulf 12 Hours” endurance circuit race in Abu Dhabi, beating off stiff competition from Germany’s Black Falcon team. Davide Rigon crossed the winning line for Kessel, driving the Ferari 458, number 11. This is Kessel Racing’s third win in the competition, which sees 12 teams …

Daily News Egypt

Security is key to the UAE’s freedom

By Khalaf Ahmad Al Habtoor “The price of freedom is eternal vigilance,” said the 18th century Irish politician John Philpot Curran. I could not agree more, especially when there are so many unscrupulous people abusing their freedom to create violence and anarchy. Sadly, troublemakers and crazies have succeeded in turning parts of the Middle East …

Daily News Egypt