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Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohamed bin Rashid Al Maktoum attend lunch reception hosted by Sheikh Nasser bin Hamad Al Khalifa in Dubai

Solar Park: UAE Prime Minister Witnesses Signing Of DEWA, Masdar Agreement

"This phase will power over half a million residences while reducing carbon emissions by 2.36 million tonnes annually. All phases of this landmark project are expected to be completed by 2030, with a total investment of AED50 billion," Prime Minister of the United Arab Emirates (UAE), Mohammed bin Rashid Al Maktoum said.
The appointment of Sultan al-Jaber as head of the COP28 talks to be held in Dubai later this year has been controversial because he heads the United Arab Emirates' Abu Dhabi National Oil Company

UAE Ready To Host COP28, Says Climate Change Minister

"We see COP28 in the UAE as a living testament to our achievements and a hopeful glimpse into the future. It represents a crucial juncture in our commitment to assist humanity in confronting one of its most profound challenges," UAE's Minister of Climate Change and Environment, Mariam bint Mohammed Saeed Hareb Almheiri said.
UAE flag flies over a boat at Dubai Marina

UAE Announces New Penalties For Corporate Tax Violations

If a person or business fails to comply with the tax procedures, then each penalty amount will be 10,000 AED. If the same mistake is repeated within 24 months from the last violation, then the fine will be doubled to 20,000 AED.
Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohamed bin Rashid Al Maktoum attend lunch reception hosted by Sheikh Nasser bin Hamad Al Khalifa in Dubai

UAE Aims To Triple Renewable Energy Sources; Plans To Invest $54 Billion

During the cabinet meeting held on Monday, Sheikh Mohammed revealed that the national energy strategy "aims to triple the contribution of renewable energy over the next seven years and invest 150 billion to 200 billion dirhams ($40 billion to $54 billion) during the same period to meet the country's growing demand for energy," APNews reported. The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed inaugurated the world's largest and most efficient waste-to-energy facility in Warsan featuring an investment of AED 4 billion.

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