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GCC Mega Developments Could Generate Up to a Third of Electricity Demand with On-Site Solar, BCG Finds
July 30th, 2026 - 03:52 GMT

GCC Mega Developments Could Generate Up to a Third of Electricity Demand with On-Site Solar, BCG Finds

Large-scale urban developments across the Gulf could generate up to approximately one-third of their electricity demand while reducing costs by a similar margin, according to a new report from Boston Consulting Group (BCG) on renewable-powered cities. The report, titled Mega-Projects Powered by Renewables: A Practical Playbook for Saudi Arabia, highlights how integrating solar energy directly into development design can unlock significant economic, environmental, and operational benefits. The findings are based on modelling of large-scale developments in high-irradiance Gulf markets and reflect conditions increasingly common across the region. While the underlying ...
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The UAE, along with Saudi Arabia, was the first in the GCC region to impose a 5 per cent VAT on good and services.
May 31st, 2019 - 06:54 GMT

5 Percent Increase in UAE Government Revenue Since VAT Implementation

The balance sheet of the GCC banking sector strengthened further in the first quarter as total assets continued to remain at one of the highest recorded levels
May 31st, 2019 - 06:00 GMT

UAE to Boast the Biggest Share of GCC Bank Assets at $682 Billion

Omanisation rates for MOH nurses have climbed steadily since 1990
May 30th, 2019 - 11:31 GMT

Oman to Replace Expats with Nationals in 9 Occupations in the Health Sector

International donors had pledged $11 billion in loans and grants at the conference.
May 30th, 2019 - 11:30 GMT

After Getting the Government's Approval, Lebanon Budget Dispute Transferred to Parliament

The employee population in all Abu Dhabi-based banks stood at 11,871, with the average compensation per employee rising 5.7 percent to Dh43,411.
May 30th, 2019 - 11:00 GMT

Abu Dhabi Banks’ Interest Earnings Hit $2.1 Billion in Q1 2019

The volume of joint investments has yet to realise its potential
May 30th, 2019 - 11:00 GMT

Jordan Keen on Developing Economic Ties with Turkey

A significant majority (78 per cent) across the region are struggling to harness technological advancements and a lack of digitization is evident.
May 30th, 2019 - 10:52 GMT

73 Percent of Firms in the Middle East Aware of Financial Crimes

Bab Al Qasr Hotel
May 30th, 2019 - 10:51 GMT

Family Deluxe Escape at Bab Al Qasr Hotel & Residences

La Liga clubs’ revenues broke the €3bn barrier for the first time after growth of 7%.
May 30th, 2019 - 10:44 GMT

European Football Market Revenues Grow to Record €28 Billion as the ‘Big Five’ Leagues Drive Growth

The event was launched under the patronage and in the presence of HRH Prince Al Hussein bin Abdullah II, Crown Prince of Jordan.
May 30th, 2019 - 10:41 GMT

UAE Launches ‘One Million Jordanian Coders’ Initiative in Jordan

During the event
May 30th, 2019 - 10:39 GMT

Al Ansari Exchange Distributes 10,000 Iftar Meals During the Holy Month of Ramadan

Facebook deleted 783 “inauthentic” pages, groups and accounts tied to Iran
May 30th, 2019 - 10:30 GMT

Facebook Removes Iranian-Linked Accounts Due to ‘Inauthentic Behavior

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