Month: May 2024

Emirates Group Announces Record-Breaking Financial Performance for 2023-24

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The Emirates Group has reported its best-ever financial performance for the fiscal year 2023-24, achieving a record profit of AED 18.7 billion (US$ 5.1 billion), marking a significant 71% increase from the previous year. This achievement is complemented by record revenue and a record level of cash assets. Group revenue soared by 15% to an unprecedented AED 137.3 billion (US$ 37.4 billion), driven by robust customer demand across its diverse businesses. The Group ends the year with its highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion). Additionally, the…

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GoodWe Maintains BBB MSCI ESG Rating in 2023

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GoodWe, a leading inverter manufacturer and smart energy solution provider, has received a ‘BBB’ rating in the latest MSCI Environmental, Social, and Governance (ESG) evaluation. According to the scorecard released by MSCI, GoodWe’s ESG performance in 2023 excelled in Opportunities in Clean Tech and Labor Management, evaluated in various aspects such as the clean tech innovation capacity, employee relations, strength of worker protections, among others. This marks the second consecutive year that GoodWe has maintained a BBB ESG rating, reflecting its ongoing commitment to sustainable development. The company took further…

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GoodWe Releases 2023 CSR Report, Marking a Year of Strengthening ESG Management

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GoodWe, a global leader in solar inverter manufacturing and renewable energy solutions, has released its 2023 Corporate Social Responsibility (CSR) report, demonstrating its commitment to supporting the United Nation’s Sustainable Development Goals (SDGs). Released on April 26, 2024, the report highlights GoodWe’s efforts in corporate governance, product responsibility, sustainable operations, industry engagement, employee development, and community contributions. “The release of the CSR report offers us an opportunity to remain transparent.” Daniel Huang, CEO of GoodWe, stated, “Integrating sustainability into our business strategy is crucial for the long-term development of the…

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Influential super-rich Pakistanis own properties worth $11 billion in Dubai, reveals a damning global probe report

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Pakistanis rank second among foreign nationals owning billions of dollars in Dubai, as revealed in an investigative report on offshore asset ownership by influential individuals worldwide.The groundbreaking report by the Organized Crime and Corruption Reporting Project (OCCRP) exposes that influential Pakistanis possess properties in Dubai valued at a staggering $11 billion. The affluent Pakistanis who own luxurious properties in Dubai include prominent politicians, senior retired servicemen, bankers, and technocrats. The detailed OCCRP probe report discloses that foreigners hold assets in Dubai’s property market totaling $400 billion. Indians hold the top…

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KE SPEARHEADING UTILITY SCALE RENEWABLE ENERGY IN PAKISTAN

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Ambitious 640MW combined solar PV projects plannedKarachi, May 4, 2024 – K-Electric (KE) has taken a significant leap in inducting a sustainable energy future. At a recent roadshow event the power utility showcased its ambitious solar PV based power projects that will establish 640 MW of renewable energy across its service territory, aligning with its vision of achieving a 30% share of renewable energy generation in its fuel mix by 2030. Over 100 local and international institutions were given an overview on KE’s plans to add 150 MW and 270MW…

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