Latest news with #Dh37
Al Etihad
3 days ago
- Business
- Al Etihad
Abu Dhabi's data centre industry power investments to exceed Dh37 bn: TAQA CEO
29 May 2025 23:57 ABU DHABI (WAM)Abu Dhabi National Energy Company (TAQA) is poised to significantly bolster Abu Dhabi's burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total investments to support the power needs of the data centre industry in the emirate will exceed Dh37 announcement aligns with TAQA's broader strategy to provide clean, certified, and reliable energy for critical to WAM on the sidelines of the World Utilities Congress 2025, Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director (GCEO & MD) highlighted the company's robust growth and strategic a market capitalisation estimated at approximately Dh360 billion, TAQA stands among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination, operating across 25 the past four years, TAQA has impressively doubled its electricity production capacity to 56 gigawatts, surpassing the total electricity consumption of the United Kingdom. Recent strategic moves include the acquisition of an 875-megawatt gas-powered electricity station in Uzbekistan, in partnership with Mubadala, supporting Uzbekistan's energy transition and opening new Central Asian TAQA's acquisition of "Transmission Investment," a leading UK-based energy and utility investment enhancing its clean energy portfolio, TAQA is currently constructing a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a major stake, the company is also developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated solar and battery system, designed to deliver a continuous supply of 1 gigawatt for 24 hours, will be the largest project of its kind aims to invest Dh75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts, he said. As part of this growth strategy, the company also plans to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds utilising highly efficient reverse osmosis technology.
Khaleej Times
21-04-2025
- Business
- Khaleej Times
How YourService Is Simplifying the Way People Find Work and Hire Talent
Whether you're searching for a reliable tutor, a certified fitness coach, or a top-notch beauty professional, YourService connects you with trusted experts - all in one place The Story Behind YourService Have you ever wondered why hiring help or finding work isn't as simple as ordering a pizza? That very question sparked the idea for YourService - a platform designed to simplify the way people connect with opportunities and talent across the UAE. Where It All Started The idea for YourService was born around a table one evening, where four friends shared their daily frustrations. Among them was a programmer, weary of the endless bidding wars on freelance websites; a teacher, eager to take charge of her own schedule and connect with students directly; a stylist, wishing for a space to showcase her work without wading through red tape; and a small business owner, simply looking for trustworthy help without a complicated process. That's when the spark ignited: What if there was a platform where all of this could happen - quickly, easily, and without barriers? Not just another job board, but a thriving community where people could offer their skills and find services seamlessly. Thus, YourService was born - a solution designed to empower both freelancers and clients. Turning Ideas into Action Motivated by the growing popularity of freelancing in the UAE, the team dived into research. They found that the number of people signing up for freelance work had doubled in recent years. Even more compelling, the average freelance income stood at an impressive Dh37,000 per month - proof that freelancing was not just a side hustle, but a serious career path. These insights confirmed what the team already felt: YourService could fill a real gap in the market. A Vision in Progress Behind YourService is a young and ambitious team made up of IT specialists, engineers, innovators, and creatives. By working closely with both freelancers and business owners, the team has been able to reimagine the entire process of finding help or offering services. Their goal is to build something not just practical and efficient, but also inclusive and impactful - a platform shaped by the very people who will use it. What Makes YourService Different? Through research and hands-on experience, the team identified three key problems with existing platforms: Complexity: Many platforms overwhelm users with confusing interfaces and too many steps. Rigidity: Switching between being a service provider and a client is often clunky or not even possible. Trust Issues: A lack of transparency and verification can leave users feeling uncertain about who they're dealing with. YourService solves these challenges by offering a clean, intuitive interface, easy role-switching, and verified profiles - creating a secure and user-friendly space where people can connect with confidence. Another important factor was addressing cultural and workplace dynamics in the UAE. Many expatriates struggle with hierarchical environments that limit flexibility. YourService aims to break down these barriers, providing an empowering platform where users - regardless of background - feel welcomed and supported. Looking Ahead YourService isn't just an app. It's a movement. It's about rethinking how we work, removing barriers, and giving people the tools to pursue their passions. Whether you're starting your journey or looking to level up your career, YourService is here to support you every step of the way. Ready to Get Started? Whether you're searching for a reliable tutor, a certified fitness coach, or a top-notch beauty professional, YourService connects you with trusted experts - all in one place. Say goodbye to the hassle and hello to convenience. Having a tough time with studies? The right tutor can make all the difference. Learn at your own pace, boost your confidence, and achieve real results. Find your ideal match on YourService - quick, easy, and reliable. One app - endless experts Try YourService today and get things done - without the hassle.
Daily Tribune
06-02-2025
- Business
- Daily Tribune
UAE's Booming Asset Management Sector Fuels Demand for Finance and IT Roles
The UAE's asset management sector is witnessing significant growth, driven by heightened investor interest, regulatory advancements, and an increasing presence of Family Offices and Ultra High Net Worth Individuals (UHNWIs). This surge has spurred a strong demand for banking, finance, and technology roles, according to the latest UAE 2025 Salary Guides by global recruitment firm Michael Page. Finance and Banking Professionals in High Demand The report highlights that fundraising and institutional sales professionals are among the most sought-after candidates, with businesses valuing their industry expertise and regional networks. Compliance professionals with authorisations from the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) are also in high demand. Chief Compliance Officers (CCOs) and Money Laundering Reporting Officers (MLROs) are particularly sought after due to increasing regulatory scrutiny. Jon Ede, Regional Director UAE at Michael Page, stated, 'In 2024, the workforce grew by 9 per cent, and the number of new companies increased by 14.5 per cent. These numbers reflect the success of the UAE's strategic initiatives, solidifying its position as a top destination for businesses and talent alike.' Salary Insights in Banking and Finance Senior banking and finance professionals continue to command high salaries. Heads of wholesale banking can expect an average monthly salary of Dh100,000, while senior relationship managers earn approximately Dh37,000 per month. Sales and Marketing Sector Sees Steady Growth The UAE's sales and marketing sector is also experiencing steady expansion, particularly in B2B industries. Increased investments in technology, real estate, energy, and logistics have heightened the demand for skilled professionals in business development, key account management, and strategic sales. Key positions in this sector include Business Development Manager, Chief Commercial Officer, and Strategic Sales Director. Country managers in the UAE can expect salaries averaging Dh48,000 per month, while key account managers earn up to Dh26,000. Meanwhile, Chief Marketing Officers (CMOs) command some of the highest pay packages, with average monthly earnings of Dh90,000. IT Sector Witnesses Rising Demand The UAE's digital landscape has evolved significantly in recent years, with increased demand for skilled professionals in the IT sector. The top five positions in demand include head of software development, full-stack software engineer, agile product manager, senior DevOps engineer, and digital adoption specialist. Salaries in this field remain competitive, with a head of digital marketing earning between Dh35,000 and Dh60,000 per month. Addressing the Skills Shortage The report also highlights the growing skills shortage as a major challenge for businesses. According to Michael Page, 37 per cent of business leaders have struggled to find candidates with the right expertise, while nearly one in three (30 per cent) face difficulties in retaining top talent. Furthermore, 48 per cent of employers cite aligning salary expectations with candidates as a key hurdle. Ede emphasized that offering a comprehensive package—including benefits, career development opportunities, and workplace incentives—can help businesses attract and retain top professionals in an increasingly competitive job market.
