All posts by uaenews247

Business & Investments

Enhancing Efficiency at Bahna Power Plant

  • Advanced Gas Path upgrades at Bahna are expected to help increase output and improve efficiency
  • Long-term services agreements for Bahna and Nubaria are expected to support reliable and efficient power generation
  • Project aligns with Egypt’s power infrastructure modernization and energy efficiency goals

Cairo, Egypt (April 29, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for projects at MDEPC’s Bahna and Nubaria power plants in Egypt. The scope includes two Advanced Gas Path (AGP) upgrades for the two GE Vernova 9F gas turbines at the Bahna power plant, along with multiyear services agreements for Bahna and Nubaria with terms of 15 and 8 years, respectively. The projects are expected to support efforts to modernize power generation infrastructure and improve operating efficiency. The order was booked in the first quarter of 2026.

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Business & Investments

Mashreq Partners with Cashew for Seamless Financing Solutions

Platform-level collaboration aimed at supporting evolving needs of digital ecosystems designed to make financing for essential and significant expenses more accessible

Dubai, UAE – 29th April 2026: Mashreq, a leading financial institution in the MENA region, and Cashew, a UAE-based fintech platform, are strengthening their collaboration to co-create an embedded lending framework that brings together regulated banking expertise and digital platform innovation.

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Business & Investments

GPCA and IRU join forces to drive safety in dangerous goods transport

Under the new agreement, GPCA and IRU will work together to strengthen safety, efficiency and sustainability in the cross-border transport of dangerous goods

Dubai, UAE – 29 April 2026: The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, is proud to announce it has signed a Memorandum of Understanding (MoU) with IRU, the world road transport organization, to advance safer dangerous goods transport.

Under the newly signed agreement, GPCA and IRU will work together to strengthen safety, efficiency and sustainability in the cross-border transport of dangerous goods, including chemical and petrochemical products.

The MoU sets out several priority areas for cooperation, including knowledge sharing, training and capacity building for stakeholders involved in dangerous goods transport.

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Featured

Faya Research Grant: Global Institutions Join Forces

Sharjah, April 29, 2026,

Leading universities and research institutions from across the world have entered the scientific review phase for the Faya Research Grant Programme, marking a key milestone in advancing research at the Faya Palaeolandscape World Heritage Property.

The programme is structured across two core tracks: long-term research grants, which support multi-year scientific projects focused on in-depth fieldwork, analysis, and data generation; and short-term research grants, which fund one-year studies designed to address targeted research questions, test innovative methodologies, and contribute specialised insights to the site’s broader scientific framework.

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Featured

Decarbonising Packaging: Key Insights from EEG’s 2026 Panel Discussion

Emirates Environmental Group Hosts 2nd Panel Discussion of 2026

Dubai, UAE – 29 April 2026: Emirates Environmental Group (EEG) successfully hosted its 2nd Panel Discussion of 2026, titled “Decarbonising Packaging: Life Cycle Assessment (LCA), Carbon Footprint, Innovation and Climate-Neutral Strategies.” The session convened policymakers, industry leaders, sustainability experts, academicians and youth to examine pathways for reducing packaging-related emissions and advancing climate-aligned, circular packaging systems.

As global climate commitments intensify, the discussion addressed the growing recognition that packaging represents a significant contributor to Scope 3 emissions across manufacturing, retail and consumer goods sectors. The panel explored how life cycle thinking, data-driven assessment and innovation can guide meaningful emissions’ reductions across the full packaging value chain; from material extraction and production to use and end-of-life management.

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