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Mohamed bin Zayed launches Abu Dhabi powerhouse to develop world-leading portfolio in clean energy

ABU DHABI, 1st December, 2021 (WAM) — His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced on Wednesday a global clean energy powerhouse intended to spearhead the drive to net-zero carbon by 2050.

Consolidating their combined efforts in renewable energy and green hydrogen, Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (ADNOC) will partner under the Abu Dhabi Future Energy Company (Masdar) brand.

H.H. Sheikh Mohamed bin Zayed highlighted how the UAE is embracing the energy transition as it advances pragmatic and innovative solutions to secure a lower carbon future, paving the way for the nation to deliver on its ‘Net-Zero by 2050 Strategic Initiative’.

The agreement signing, in the UAE Pavilion at EXPO 2020 Dubai, was witnessed by H.H. Sheikh Mohamed bin Zayed, along with H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council; H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office; H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Crown Prince Court.

Signatories were Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC; Khaldoun Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer of Mubadala Investment Company; and Mohamed Hassan Alsuwaidi, CEO of ADQ and Chairman of TAQA.

The partnership between three Abu Dhabi champions will have a combined current, committed, and exclusive capacity of over 23 Gigawatts (GW) of renewable energy, with the expectation of reaching well over 50GW total capacity by 2030. Upon completion of this transaction, the expanded Masdar entity will become one of the largest clean energy companies of its kind and be well positioned to lead the industry on a global scale.

Wednesday’s announcement consolidates the efforts of all three partners, combining their renewable energy and green hydrogen portfolios into Masdar, leveraging the existing clean energy pioneer’s strong international legacy and brand identity. The new Masdar partnership builds on the creation in January 2021 of the Abu Dhabi Hydrogen Alliance, comprised of Mubadala, ADNOC and ADQ (TAQA’s majority shareholder) and the launch on 17th November 2021 of a new global renewable energy venture between ADNOC and TAQA. Collectively, the partners will supercharge Masdar’s growth and expansion, with each shareholder playing a key role.

As the United Arab Emirates prepares to host COP28 in 2023, this strategic partnership positions Abu Dhabi and the UAE at the forefront of the energy transition. The powerful new combination will further drive de-carbonisation of power across local and international markets, while accelerating the UAE’s path towards net-zero carbon by 2050 and cementing its leading global role in green hydrogen.

On this occasion, Dr. Sultan Al Jaber commented, "As the UAE celebrates its Jubilee, today’s historic collaboration between three Abu Dhabi powerhouses firmly places ADNOC at the forefront of the global energy transition and marks our entry into the international clean energy space. Through our direct interest in Masdar, and in close collaboration with our partners, ADNOC will further capitalise on the many exciting local and international renewable energy and hydrogen opportunities.

"Since our nation’s wise leadership founded Masdar 15 years ago, the company has established itself as a global pioneer across the clean energy and sustainability landscape. This bold and forward-looking strategic partnership, will bolster Masdar’s position both locally and globally, and is yet another example of how ADNOC has successfully developed a national and international partnership model, through smart, creative and innovative approaches that are creating additional value and driving sustainable growth for Abu Dhabi and the UAE."

As an early pioneer in the emerging market for hydrogen and its carrier fuels, ADNOC has ambitious plans to grow domestic and international hydrogen value chains, leveraging its trading capabilities, existing infrastructure and logistics.

For his side, Khaldoun Al Mubarak said, "Today marks the start of a new chapter for our clean energy champion, Masdar. Fifteen years ago, Mubadala established Masdar out of our conviction that innovation can drive sustainable economic growth while safeguarding the future of the planet. Masdar is a true ‘Made-in-the-UAE’ success story that reflects our long-term strategy."

"Responding to the mounting challenges of a changing climate requires that we continue to look for innovative ways to create clean energy. With partnerships at the heart of Mubadala’s investment philosophy, this joint venture with Abu Dhabi’s energy leaders supports the UAE’s vision as a global leader in climate action. We look forward to working with ADNOC and TAQA to support Masdar’s continued growth and the company’s journey in finding new solutions to our climate challenges."

Mohamed Alsuwaidi said, "TAQA’s strategy is to be a champion of low carbon power and water. By taking a controlling stake in Masdar’s renewable energy business and working in partnership with ADNOC and Mubadala we have created a path to grow to over 50GW of renewable capacity by 2030, making us the largest player in the MENA region and one of the leading global contributors to renewable power generation. This clean power capability and the opportunity to tap into the expertise in this partnership will also enable us to become a world leader in green hydrogen. We will be a true national champion for the UAE in developing clean energy solutions at home and around the world."

The new partnership envisions a comprehensive focus on two key areas: renewable energy, and green hydrogen. Dr. Sultan Al Jaber will remain Chairman of the expanded Masdar entity that will cover both renewables and green hydrogen business areas.

It is planned that TAQA will take the leading role with a 43 percent shareholding in Masdar’s renewable energy business, with Mubadala retaining 33 percent and ADNOC holding 24 percent. Meanwhile, ADNOC will take the leading role with a 43 percent shareholding in Masdar’s green hydrogen business, with Mubadala holding 33 percent and TAQA 24 percent respectively.

The partnership envisages parties entering into detailed agreements as well as completion of necessary transaction requirements, including obtaining relevant third party and regulatory approvals.

Mubadala established Masdar in 2006 to extend the UAE’s leadership role in the global energy sector, while helping to drive the nation’s economic diversification and climate action agenda. Today, the company is active in more than 35 countries across six continents and has developed and invested in projects worldwide worth nearly $20 billion. Masdar City, Abu Dhabi’s flagship sustainable urban development, will continue to remain under Mubadala’s ownership.

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CyberArrow and Mobily Announced a Strategic Partnership for CyberArrow’s AI-Powered GRC at Black Hat 2023

In a groundbreaking collaboration, Mobily, one of the largest telecom companies in Saudi Arabia, and  CyberArrow , a leading UAE- based Compliance Automation Platform and Cyber Security Awareness Platform provider, proudly announced their strategic partnership at Black Hat 2023. This partnership marks a significant step towards revolutionizing the approach to compliance in the Kingdom of Saudi Arabia. The announcement cements Mobily as a strategic partner using CyberArrows AI-Powered GRC to boost cybersecurity compliance in the region. CyberArrows latest AI GRC was featured at the center of Black Hat 2023.  Key Highlights of the Strategic Partnership
The strategic partnership between CyberArrow and Mobily is a dynamic collaboration aimed at
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TÜYAP will host the Carpet and Flooring Expo 2023

Around 400 companies will converge in Istanbul for Carpet and Flooring Expo
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for these companies. Türkiye, a nation responsible for crafting 40% of the worlds carpets, is playing host to this prestigious event.Türkiye, a key player in the global carpet industry, is gearing up to host the Carpet and Flooring Expo (CFE 2023) in Istanbul. This pivotal event, orchestrated by TÜYAP – the country’s foremost exhibition organizer – in partnership with the Istanbul Carpet Exporters’ Association and Southeastern Anatolia Carpet Exporters’ Association, will take place at the Istanbul Expo Centre from 5-8 December. The Expo, expected to attract around 400 companies from across the globe, will showcase an extensive array of products, providing an invaluable opportunity for manufacturers to tap into new markets. Türkiye has a 40% market share of global carpet production İlhan Ersözlü, General Manager of TÜYAP Fairs Productions Inc., highlights Türkiye’s significant role in the global carpet trade, stating, “Türkiye currently accounts for 17% of the worlds carpet trade volume. Through CFE 2023, we aim to foster new agreements, boosting our
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recycling. Li Edelkoort, a renowned trend forecaster, will be present to deliver a talk titled ‘2025 Interior Trend and Colour Forecasts’ on 6 December at 16.00. This event will be an enormous source of inspiration for professionals in the carpet industry as well as designers, decorators, and
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Gulf Scientific Corporation Achieves ISO 9001:2015 Certification, Setting New Standards in Quality Management

Gulf Scientific Corporation (GSC) has recently achieved a significant milestone by obtaining the ISO 9001:2015 certification, reinforcing its commitment to quality and excellence in the field of scientific solutions. This certification, awarded by the International Organization for Standardization (ISO), is a testament to GSCs dedication to meeting and exceeding global standards in its operations. ISO 9001:2015 is the latest version of the international standard for quality management systems, emphasizing a process-oriented approach to ensure organizations consistently deliver high-quality products and services. GSCs successful certification process reflects its adherence to rigorous quality management practices and continuous improvement initiatives. One key aspect of ISO 9001:2015 is its focus on customer satisfaction. GSCs commitment to understanding and meeting customer requirements is highlighted through this certification, as it demonstrates the company’s dedication to providing products and services that consistently meet or exceed customer expectations. This customer-centric approach is crucial in todays competitive business environment, where customer satisfaction plays a pivotal role in the success of any organization. Furthermore, the ISO certification positions Gulf Scientific Corporation as a reliable and trustworthy partner for businesses seeking high-quality scientific equipment and solutions. It enhances the company’s reputation and opens doors to new opportunities and collaborations on a global scale. By implementing a robust quality management system, GSC will also be better equipped to manage risks and seize opportunities, ensuring the organizations resilience and adaptability in a dynamic market. Internally, the certification process has led to improved operational efficiency within GSC. Through a thorough examination of its processes and procedures, the company has already identified areas for enhancement and optimization. This commitment to continuous improvement not only aligns with
ISO 9001:2015 requirements but also positions GSC as a forward-thinking and adaptive organization. Gulf Scientific Corporations attainment of the ISO 9001:2015 certification underscores its dedication to quality, customer satisfaction, and ongoing improvement. This achievement not only enhances GSCs reputation in the industry but also instils confidence in its customers, partners, and stakeholders. As GSC continues to uphold these high standards, the ISO 9001:2015 certification serves as a symbol of the company's commitment to excellence in the ever-evolving landscape of scientific solutions.

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