Posts

Ras Al Khaimah Secures Landmark US$1 Billion Sukuk at 5.038% Profit Rate

Image
  Ras Al Khaimah, one of the seven emirates of the United Arab Emirates (UAE), has successfully issued a 10-year senior unsecured sukuk worth US$1 billion at a profit rate of 5.038%. The issuance, completed on March 5, 2025, was conducted through the Investment and Development Office (IDO) of Ras Al Khaimah, marking a significant milestone in the emirate’s economic and financial strategy. A Major Step for Ras Al Khaimah’s Economic Vision The successful issuance of the sukuk underscores Ras Al Khaimah’s strong credit profile and investor confidence in its long-term economic stability. The proceeds from the sukuk are expected to be utilized for strategic investments and infrastructure projects that align with the emirate’s broader development goals. His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, has consistently emphasized the importance of sustainable growth and economic diversification. The sukuk issuance aligns with these objectives, enabling the emirate to ...
Post a Comment
Read more

Dubai’s Solar Revolution – The 1,800MW Sixth Phase Progresses

Image
  Dubai continues to lead the way in clean energy with the expansion of the Mohammed bin Rashid Al Maktoum Solar Park . Saeed Mohammed Al Tayer , MD & CEO of DEWA , recently visited the site to assess the progress of the massive 1,800MW sixth phase of the project. Developed under the Independent Power Producer (IPP) model , this phase represents a significant investment of AED 5.5 billion , reinforcing Dubai’s commitment to renewable energy and sustainability. The solar park , the largest of its kind globally, is a key pillar of Dubai’s Clean Energy Strategy 2050 , which aims to achieve 100% clean energy by 2050 . With each phase, Dubai is moving closer to its goal of a greener, more sustainable future powered by the sun!
Post a Comment
Read more

EV Charging Stations: Powering the Future of Sustainable Mobility

Image
  The push towards sustainable mobility has gained significant momentum in recent years, with electric vehicles (EVs) emerging as a key component of this transformation. Recognizing the need for robust charging infrastructure, new EV charging stations are being strategically placed across prime parking sites managed by Parkin. These stations will operate on alternating current (AC) with a capacity of 22 kilowatts x 2, offering efficient and convenient charging solutions for EV users. The Growing Demand for EV Infrastructure As more people transition to electric mobility, the demand for accessible and fast-charging stations has skyrocketed. EV adoption is accelerating due to factors like environmental awareness, government incentives, and advancements in battery technology. However, one of the biggest challenges remains the availability of well-placed charging infrastructure to support this growing fleet. Strategic Placement for Maximum Convenience The latest initiative by Parkin en...
Post a Comment
Read more

UAE Becomes the First Country to Deploy Drones for Crescent Moon Sighting

Image
  The United Arab Emirates (UAE) has once again showcased its innovative approach by becoming the first country to use drone technology for crescent moon sighting to determine the beginning of Ramadan 2025. This groundbreaking move integrates advanced technology with the deeply rooted Islamic tradition of moon sighting, ensuring greater accuracy and efficiency in marking the holy month. A Technological Leap in Moon Sighting Traditionally, Islamic scholars and astronomers rely on manual observation of the crescent moon to determine the start of Ramadan. However, atmospheric conditions, weather, and human limitations sometimes lead to discrepancies. To overcome these challenges, the UAE has introduced drones equipped with high-resolution imaging and artificial intelligence (AI) to scan the skies more accurately than ever before. These specially designed drones, developed in collaboration with the UAE Space Agency and the Islamic Affairs Authority, can fly at high altitudes, capturing...
Post a Comment
Read more

Minister Holds High-Level Meetings on Energy and Investment in UAE

Image
  The recent visit of the Minister to the United Arab Emirates (UAE) has been marked by crucial discussions focused on energy cooperation and investment opportunities. With both nations looking to strengthen their economic ties, these meetings have set the stage for significant collaborations in various sectors. Strengthening Energy Ties Energy remains a key pillar of discussion between India and the UAE. The Minister met with top officials from major UAE-based energy companies, discussing ways to enhance energy security and sustainability. Talks revolved around increasing crude oil exports, exploring opportunities in renewable energy, and promoting joint ventures in clean energy projects. With the UAE being a major supplier of crude oil to India, the discussions aimed at ensuring a stable and long-term partnership in the energy sector. Investment Prospects on the Rise Apart from energy, the Minister’s visit also focused on attracting investments into India’s infrastructure, techno...
Post a Comment
Read more

UAE Hosts 22nd Annual Riyadh MoU Committee Meeting to Boost Maritime Safety

Image
  The United Arab Emirates (UAE) recently hosted the 22nd annual meeting of the Riyadh Memorandum of Understanding (MoU) Committee. The event brought together representatives from maritime administrations across the Gulf Cooperation Council (GCC) countries for a three-day discussion on strengthening maritime safety and promoting the blue economy. The meeting focused on key initiatives to enhance regulatory frameworks, improve inspection standards, and ensure compliance with international maritime safety protocols. Delegates explored ways to foster greater cooperation among GCC nations to address emerging challenges in the maritime sector. As a major hub for global shipping and trade, the UAE continues to play a leading role in advancing maritime security and sustainability. The Riyadh MoU serves as a crucial platform for regional collaboration, ensuring safer and more efficient maritime operations across the Gulf region. The discussions held during the meeting are expected to contr...
Post a Comment
Read more

UAE Issues Emirati Day for Education Celebration Guidelines for Schools on February 28

Image
  The United Arab Emirates (UAE) is set to celebrate Emirati Day for Education on February 28, reinforcing its commitment to academic excellence and cultural heritage. The UAE Ministry of Education has issued specific guidelines for schools across the nation, ensuring a structured and engaging celebration of this special occasion. Significance of Emirati Day for Education Emirati Day for Education is dedicated to recognizing the country’s remarkable progress in the education sector. The day highlights the UAE’s efforts in providing world-class education and fostering innovation among students. It also serves as a platform to celebrate Emirati culture, values, and the nation’s vision for a knowledge-based economy. Guidelines Issued for Schools The Ministry of Education has provided a set of directives to ensure that schools commemorate the event effectively. These guidelines include: Schools are encouraged to hold special morning assemblies featuring speeches on the importance of ed...
Post a Comment
Read more