Kezad Group, a subsidiary of AD Ports Group, has signed an agreement with French energy company TotalEnergies to explore solar power generation in its economic zones.
Under the deal, the companies will conduct a series of feasibility studies for distributed solar generation at Kezad covering economic, commercial, regulatory and technical aspects, AD Ports said in a statement on Monday.
The deal was signed with TotalEnergies' Renewables Distributed Generation, which develops and operates solar installations for industrial and commercial clients.
“We are keen to realise the complete potential of distributed solar generation across our integrated ecosystem at Kezad Group, and to enhance the value proposition we can offer to our investors while supporting Abu Dhabi and the UAE’s sustainability goals,” Mohamed Al Ahmed, chief executive of Kezad Group, said.
AD Ports, the operator of industrial cities and free zones in Abu Dhabi, launched Kezad Group in September to consolidate and grow its Economic Cities & Free Zones offering, as it seeks to strengthen the emirate's position as an industrial and manufacturing hub.
The company's Khalifa Industrial Zone Abu Dhabi (Kizad) and ZonesCorp (specialised economic zones) have been integrated into the newly formed Kezad Group (Khalifa Economic Zones Abu Dhabi Group), which comprises 12 economic zones with a total area of 550 square kilometres, including 100 sq km designated as free zones.
The UAE is pursuing goals to reduce its carbon footprint and became the first country in the Middle East to set a net-zero target last year. The Emirates aims to achieve carbon neutrality by 2050 and plans to invest $160 billion on clean and renewable energy sources over the next three decades.
It is building the Mohammed bin Rashid Solar Park in Dubai with a five-gigawatt capacity. Abu Dhabi, which is developing a two-gigawatt solar plant in its Al Dhafra region, has set a target of 5.6 gigawatts of solar PV capacity by 2026.
“This agreement is a stepping stone for many future opportunities,” said Hamady Sy, managing director of TotalEnergies Renewables Distributed Generation Middle East and Africa.
The UAE has also been investing heavily in renewable energy projects in other markets.
Last week, Abu Dhabi’s clean energy company Masdar signed a preliminary agreement with Jordan’s Ministry of Energy and Mineral Resources to develop renewable energy projects in the kingdom, strengthening its commitment to sustainability and decarbonisation.
The two entities will explore investment in renewable energy projects in Jordan with a production capacity of up to two gigawatts.
Masdar has more than $20bn of investments globally and is rapidly expanding its renewables portfolio as countries focus on cutting emissions to limit global warming.
This year, the company signed a number of new agreements to explore and develop renewable energy and green hydrogen projects after increasing its global clean energy portfolio capacity by 40 per cent in 2021.
Dubai-based AMEA Power signed a framework agreement with Egypt last week to develop a 1,000-megawatt green hydrogen project for the production of green ammonia.
The project, to be located in Egypt’s Suez Governorate, will have a capacity to produce 800,000 tonnes of green ammonia a year for domestic use and export.
SERIE A FIXTURES
Saturday
AC Milan v Sampdoria (2.30pm kick-off UAE)
Atalanta v Udinese (5pm)
Benevento v Parma (5pm)
Cagliari v Hellas Verona (5pm)
Genoa v Fiorentina (5pm)
Lazio v Spezia (5pm)
Napoli v Crotone (5pm)
Sassuolo v Roma (5pm)
Torino v Juventus (8pm)
Bologna v Inter Milan (10.45pm)
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The Old Slave and the Mastiff
Patrick Chamoiseau
Translated from the French and Creole by Linda Coverdale
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
ABU%20DHABI%20CARD
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