The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Energy<br />
achieve that goal. For this reason, the<br />
low-carbon and sustainable fuel comes<br />
on our list of priorities with the Ministry<br />
of Energy and Infrastructure. <strong>The</strong><br />
adoption and launch of the sustainable<br />
fuel roadmap are very important in<br />
the path of transition to clean energy,<br />
cutting down international emissions,<br />
and supporting the sector in a balanced<br />
manner so that it continues to grow and<br />
contribute effectively to reducing the<br />
negative effects of climate change.”<br />
<strong>The</strong> National Sustainable Aviation<br />
Fuel Roadmap is one of the ambitious<br />
initiatives that will help the UAE’s<br />
pursuit of global leadership in energy,<br />
particularly clean energy, and the<br />
attainment of its goals for the next fifty<br />
years, according to engineer Youssef Al<br />
Ali. Additionally, it advances the nation’s<br />
goals for sustainable development,<br />
which call for collaboration between<br />
public and private sector organisations<br />
to implement creative solutions and<br />
guarantee the best possible use of<br />
cutting-edge technology in the run-up<br />
to the UAE Centennial in 2071.<br />
<strong>The</strong> UAE, a significant oil exporter,<br />
plans to achieve net-zero domestic<br />
<strong>The</strong> UAE and<br />
France are<br />
joining efforts<br />
to ensure the<br />
successful<br />
outcome of<br />
COP28 for the<br />
benefit of the<br />
UAE, the wider<br />
region, and the<br />
international<br />
community.<br />
carbon emissions by 2050 by investing<br />
billions in the development of renewable<br />
energy sources that will meet half of its<br />
demands. According to Olivier Bordes,<br />
regional director for France’s EDF<br />
Renewables, the Al Dhafra project,<br />
located in the desert 35 kilometres<br />
south of Abu Dhabi, would supply<br />
enough energy for 160,000 homes in<br />
the country of 10 million people. “It<br />
started producing its first kilowatt<br />
hours of electricity at the end of last<br />
year and should officially go into service<br />
before the summer,” Bordes told AFP.<br />
Once fully operational, the project will<br />
produce up to 2.1 gigawatts, he added.<br />
<strong>The</strong> project, which state-owned<br />
Emirati firms TAQA and Masdar<br />
characterise as the largest singlesite<br />
solar plant in the world, is 60%<br />
controlled by them. A partnership<br />
between EDF Renewables and China’s<br />
Jinko Power Technology owns the<br />
remaining portion. <strong>The</strong> massive, doublesided<br />
solar power facility, which rotates<br />
its panels to face the sun, is located on<br />
a location that is more than 20 square<br />
kilometres in size (nearly 5,000 acres).<br />
France’s <strong>Finance</strong> Minister Bruno Le<br />
42 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>