Mohammed bin Rashid al Maktoum

UAE to invest $54 bln in energy and triple renewable sources

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands.

Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and ruler of Dubai, announced the plans on July 4 following a Cabinet meeting.

Gasic visits UAE

BELGRADE - Serbian Interior Minister Bratislav Gasic is on an official visit to the UAE, where he attended the ceremonial opening of the March 7-9 World Police Summit in Dubai, the Serbian Interior Ministry said in a statement.

PM Borisov Visited Dubai Operations Centre Prior to his Meeting with the Emir

The official visit of Bulgareia's Prime Minister Boyko Borisov to the United Arab Emirates continues. In Dubai, Borissov met with Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates (UAE), where 7,000 Bulgarians live, reports BNT. 

Dubai Tested Drone Taxi Service

A first test flight of a flying self-operating taxi was made on Monday in Dubai, Business Insider reported.

The giant passenger drone made a five-minute flight at 200 meters above the Jumeirah Coast Park to demonstrate how an urban voyage could be featuring an electric autonomous taxi. This happened in the presence of the heir to Sheikh Hamdan bin Mohammed bin Rashid al Maktoum.

Canadian Tycoon Sells Montenegrin Superyacht Marina

The management of Porto Montenegro and the Investment Corporation of Dubai, ICD, which is controlled by the Emirati government, are expected to officially announce the unexpected sale of the superyacht marina on Friday.

Adriatic Marines, which manages the marina, would not comment on the sale, which has been widely rumoured over the past two days in the Montenegrin media.