UAE to give conglomerate favourable treatment after local hiring pledge | Reuters
The United Arab Emirates will give favourable treatment to a locally-owned conglomerate after it pledged on Saturday to hire thousands of citizens, days after the government unveiled a $6.5 billion plan to get more Emiratis in private sector jobs.
Prime Minister Sheikh Mohammed bin Rashid Al Maktoum on Twitter thanked shopping mall giant Majid Al Futtaim for its commitment and said it would be given priority in government contracts.
Majid Al Futtaim, which generated 15.6 billion dirham ($4.25 billion) in revenue in the first half of the year, earlier said it would hire 3,000 Emiratis over the next five years.
“We have a collective sense of responsibility to support and upskill the talented and ambitious national workforce that exists in the UAE," Chief Executive Alain Bejjani said.
Saturday, 18 September 2021
BP, Adnoc and Masdar to produce hydrogen in UK and #UAE in clean energy partnership
BP, Adnoc and Masdar to produce hydrogen in UK and UAE in clean energy partnership
BP, Masdar and Adnoc will work together to develop low carbon hydrogen hubs and decarbonised air travel corridors between the UK and UAE, in the latest string of deals deepening the strategic ties between the two countries.
Together, the British multinational, clean energy company Masdar and the Abu Dhabi National Oil Company, initially aim to produce 2 gigawatts of low carbon hydrogen in the UK and UAE. The intention is to expand as the project progresses, they said in a statement also announcing two other agreements.
Hydrogen – which can be produced from both renewable energy and natural gas – is expected to become a critical fuel as economies and industries transition to a low carbon world to mitigate climate change and global warming.
The use of sustainable fuels, such as hydrogen, is a key part of aviation’s effort to support bringing global energy-related carbon dioxide emissions to net zero by 2050 and help meet the goal of limiting the temperature rise to 1.5 °C.
BP, Masdar and Adnoc will work together to develop low carbon hydrogen hubs and decarbonised air travel corridors between the UK and UAE, in the latest string of deals deepening the strategic ties between the two countries.
Together, the British multinational, clean energy company Masdar and the Abu Dhabi National Oil Company, initially aim to produce 2 gigawatts of low carbon hydrogen in the UK and UAE. The intention is to expand as the project progresses, they said in a statement also announcing two other agreements.
Hydrogen – which can be produced from both renewable energy and natural gas – is expected to become a critical fuel as economies and industries transition to a low carbon world to mitigate climate change and global warming.
The use of sustainable fuels, such as hydrogen, is a key part of aviation’s effort to support bringing global energy-related carbon dioxide emissions to net zero by 2050 and help meet the goal of limiting the temperature rise to 1.5 °C.
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