News
Masdar To Begin Sixth Phase Of Dubai’s Massive Solar Park
The project will add 1,800 megawatts of power, making Rashid Al Maktoum Solar Park the largest single-site facility in the world.

With the United Arab Emirates setting an ambitious goal to generate 25% of its energy from renewables by 2030 and 100% by 2050, the government has awarded $1.5 billion to Masdar to build phase six of the Mohammed bin Rashid Al Maktoum Solar Park.
“When completed, the solar park will reduce over 6.5 million tonnes of carbon emissions annually,” said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
The total capacity of solar generation at the site has now reached 2,427 MW. With the latest phase adding another 1,800 megawatts, total production capacity will soon be boosted to 4,660 MW, making the park the largest single-site facility in the world.
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Phase five of the Rashid Al Maktoum Solar Park was inaugurated in June and is expected to power 270,000 homes and offset over 1 million tonnes of CO2 annually.
“We are striving to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global hub for clean energy and green economy,” said Al Tayer.
News
Checkout.com Brings Visa Direct Push-To-Card To The UAE
The payment company is the first acquirer in the UAE to launch Visa Direct’s solution, enabling safe, instant money transfers.

Checkout.com has taken the UAE a step closer to its goal of a fully digital economy by becoming the first acquirer in the country to offer Visa Direct’s Push-to-Card solution. The new service will streamline money transfers for both businesses and consumers, enabling near-instant transactions across local and international markets.
Visa Direct connects over 190 markets and supports over 8.5 billion endpoints, including cards, bank accounts, and digital wallets. Push-to-Card transactions enhance efficiency for business users and consumers by allowing money to be sent quickly and easily to eligible Visa cards while leveraging the company’s secure network for reliability.
“Visa Direct is transforming the way money moves globally, and we are excited to see Checkout.com leverage this technology to meet the evolving demands of businesses and individuals alike by offering them a faster, more convenient, and secure way to send and receive funds,” said Shahebaz Khan, Senior Vice President and Head of Commercial and Money Movement Solutions, CEMEA.
The UAE has been at the forefront of digital payment adoption, driven by a national push toward a cashless economy. Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, emphasized this shift: “By providing seamless, secure, and real-time payout capabilities, we’re empowering merchants with the agility to thrive in this fast-evolving landscape, while effectively meeting the growing consumer demand for speed and convenience. The Push-to-Card solution not only reinforces our commitment to powering payment performance but also showcases our agility in bringing yet another innovation to the UAE market.”
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Checkout.com’s latest MENA eCommerce data highlights the region’s increasing engagement with financial technologies, with around 80% of consumers participating in activities beyond basic online payments, such as money transfers and personal wealth management. The growing demand for real-time financial transactions has made fast, seamless payment solutions a priority.
To meet this demand, Account Funding Transactions (AFTs) have gained traction in the UAE. By integrating AFTs with Visa’s Push-to-Card services, Checkout.com is helping merchants offer secure, real-time account top-ups. Currently processing over one million AFTs per month with Visa, Checkout.com is now playing a leading role in modernizing financial transactions in the region.
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