Browsing: Sustainable Future

Business

Dubai Commits to 50% Carbon Emission Reduction by 2030

Dubai has unveiled an ambitious initiative to attain carbon neutrality, setting a target of achieving a 50% reduction in emissions by 2030. This new plan aims to build upon the progress made in transitioning towards clean energy over the last decade, establishing a clear roadmap to reach the net-zero objective by 2050.

Business

Ooredoo, Zain, and TASC Form $2.2B Tower Company in Qatar

Qatar’s Ooredoo, Kuwait’s Zain Group, and the UAE’s TASC Towers Holding have formally agreed to merge their combined portfolio of approximately 30,000 cellular towers, forming a $2.2B entity – the largest tower operator in the Middle East and North Africa. In the merged entity, Ooredoo and Zain will each hold 49.3%, achieved through an asset and cash equalisation process, while TASC’s founders will retain the remaining ownership and continue managing business operations. Completion of the deal is anticipated in 2024, subject to regulatory approvals.

Climate

Region’s inaugural sustainable finance conference concludes

The 2023 Future Sustainability Forum in Dubai highlighted the city’s role in global sustainability. With 1,500 industry leaders and over 70 speakers from 30 countries, the event focused on sustainable finance, ESG regulations, and setting credible net-zero targets. Notable speakers included H.E Mariam Bin Mohammed Saeed Hareb Almheiri and Amal Larhlid. This forum showcased Dubai’s commitment to a greener future and global sustainability through collaboration and innovation.