Oman: be'ah, OQ sign deal for biogas project
This collaboration aims to turn environmental challenges into promising economic opportunities by utilising approximately 20mn cubic metres of biogas extracted from these sites – comprising around 40% biomethane (a renewable fuel) and 60% bio-CO₂ for sustainable industrial applications.
The agreement sets out a roadmap for conducting technical and economic feasibility studies, infrastructure assessments, and exploring commercial marketing opportunities for the project's outputs. It also aims to create attractive local investment prospects aligned with the goals of Oman Vision 2040.
Both companies highlighted that this partnership represents an integrated national collaboration between the energy and environmental sectors. It combines be'ah's expertise in waste and resource management with OQ Trading's global energy capabilities to reinforce Oman's position as a regional hub for clean energy.
Eng Tariq Ali al Amri, CEO of be'ah, stated that the project marks a new milestone in energy recovery from organic waste through sustainable methods – converting environmental challenges into developmental and economic opportunities. He noted that biogas and bio-CO₂ production would reduce emissions, support Oman's net-zero goals, enhance waste management efficiency, and provide alternative energy sources.
Said Talib al Maawali, Executive Director for the Middle East at OQ Trading, described the project as an attractive opportunity to diversify Oman's energy mix in line with the 2050 carbon neutrality targets and global trends towards sustainable, low-carbon energy solutions. He regarded the initiative as a strategic nucleus that will stimulate further investment in waste-to-energy initiatives and strengthen clean energy value chains.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
26 minutes ago
- The National
UAE Property: ‘Should I pay a penalty if I break my lease early?'
Question: For personal reasons, I need to break my lease early. Do I have to pay a penalty? AG, Dubai Answer: Carefully read through your rental contract because in most cases you will have to pay a penalty for breaking the lease early. If your contract includes a break clause, which typically allows early termination with 60 or 90 days' notice, you would still pay a penalty – usually one or two months' rent. If there's no break clause, you are legally liable for the remainder of the lease. However, many landlords are willing to negotiate, especially if you help to find a new tenant. Having a good business relationship with your landlord is very important, especially in situations like this. Mediate and try to get any agreement in writing. If the landlord is unco-operative or tries to retain your full deposit without cause, you can raise a complaint with the Rental Dispute Settlement Committee. The RDSC can often negotiate between the parties to find common ground and mediate such disputes fairly. Q: My landlord is evicting me for his personal use of the property, but I suspect it's just a tactic, given how market rents have performed in recent months. I don't want to move out. What are the chances I can stay? WT, Dubai A: Landlords can evict tenants for personal use only if they or a first-degree relative will occupy the property. They must give you notarised 12-month notice and are not allowed to re-let the property for two years after you leave. They also have the burden of proof that they do not own another suitable property that they could use instead. If the landlord rents out the property again after eviction, that's a violation of Article 25(2)(a). You can file a case at the RDSC, and if the court determines the landlord acted in bad faith, you could be awarded compensation. This could be equivalent to the rent plus costs, but the amount will be determined by the judge of the day at the RDSC. Keep all written communication and document what happens after the notice period. Evidence is vital to proving misuse of this clause. However similar cases heard at the RDSC might appear, the outcomes may differ. This is because the law in the UAE is not set on precedent. Bear this in mind if you wish to pursue a case. Q: The air conditioning is not working properly in the property I rent, but the landlord won't fix it. Isn't that his responsibility? I've been in this apartment for two years without too much hassle, but the landlord has recently become difficult. Please advise. KT, Dubai Watch: Dubai property investors 'becoming more selective' A: Under Article 16 of Dubai's tenancy law, landlords are responsible for major maintenance and structural repairs, including air conditioning, unless your contract clearly states otherwise. Tenants may be responsible for minor repairs up to a value (usually Dh500 or Dh1,000), but anything beyond that, especially vital systems like cooling, must be handled by the landlord. If they fail to act: Send a written request citing the law and your lease. If there's no response, you can file a complaint with the Dubai Land Department or the RDSC. In some cases, you may fix the issue yourself with written permission and deduct the cost from rent. If the problem is unbearable, especially now in the summer heat, I would get three quotes and pick the most suitable one, not necessarily the cheapest or most expensive, just so you can live in comfort. You can always sort out repayment at a later stage. I would advise this if the landlord is unresponsive. Do not withhold rent as this could weaken your legal standing. Always go through proper channels.
Arabian Business
6 hours ago
- Arabian Business
Emirates Islamic to power Kimera Group's UAE finances with digital-first banking solutions
Emirates Islamic, one of the UAE's leading Islamic financial institutions, has been appointed as the lead cash management service provider for all UAE financial operations of the Kimera Group. Under the agreement, Emirates Islamic will deliver a comprehensive range of innovative digital and operational banking solutions, including: Access to its digital platforms businessONLINE and smartTRADE Smart Cash Deposit Machines (SCDM) Cheque Scanning ICCS Remote Cheque Printing The bank will also facilitate Payroll (Non-WPS) services and provide Corporate Credit Cards tailored to Kimera Group's needs. Emirates Islamic in the UAE Mohammad Kamran Wajid, Deputy Chief Executive Officer, Emirates Islamic, said: 'We are pleased to partner with Kimera Group to deliver digital banking solutions to meet their advanced financial needs. 'With a focus on innovation, operational excellence, and client-centric solutions, we continue to strengthen our position as a trusted partner to corporate clients, further reinforcing our position as a key player in the UAE's banking sector.' He added that the bank remains committed to digitally-first banking solutions that unlock efficiency, convenience, and agility, supporting clients through their digital transformation journeys. Tariq Al Ghussein, CEO, Kimera Group said: 'Partnering with Emirates Islamic is a strategic move in advancing Kimera Group's financial operations with state-of-the-art digital banking solutions. Their expertise and innovative platforms will enable us to enhance operational efficiency, optimise transaction management, and drive greater financial agility. 'This collaboration reflects our commitment to integrating best-in-class financial solutions that support our growth The collaboration reinforces Emirates Islamic's role as a key player in the UAE's corporate banking sector, providing Sharia-compliant, technology-driven solutions to support business growth and operational excellence.
Arabian Business
12 hours ago
- Arabian Business
Invest in seconds: PRYPCO unveils instant AI valuations for fractional real estate in Dubai
UAE-based PropTech firm PRYPCO has partnered with Ovaluate — the world's first AI-driven Automated Valuation Model (AVM) platform — to launch the first-ever instant valuation engine for fractional real estate. Integrated into PRYPCO Blocks, the Dubai Financial Services Authority (DFSA)-regulated fractional ownership platform, the new tool delivers accurate, regulator-approved property valuations, for both fractional and full ownership assets, in just 10 seconds. Ovaluate's AVM technology draws on real-time market data and global valuation standards to generate transparent, unbiased, and compliant reports. UAE PropTech launches Dubai real estate valuation service Amira Sajwani, Founder and CEO of PRYPCO, said: 'Fractional ownership has transformed real estate investing, and trust depends on valuations that are accurate, transparent, and fast. 'With Ovaluate's AI-driven valuation technology integrated into PRYPCO Blocks, every investor now gets instant, data-backed insights. It's about levelling the playing field, strengthening market transparency, and reinforcing Dubai's leadership in PropTech innovation'. The partnership marks a major step for transparency in real estate, offering valuation capabilities once reserved for institutional investors to a wider global audience. Omran Yousef, Founder and CEO of Ovaluate, said: 'Our mission has always been to ensure property valuations are instant, unbiased, and methodologically sound. By partnering with PRYPCO Blocks, we're not just enhancing that standard, we're bringing it into a new era of real estate investment, where technology and transparency empower every investor'. Since launching, PRYPCO Blocks has made premium, regulated property investment accessible to investors in more than 200 countries, starting from just AED2,000 ($544).
