Companies must prepare themselves for the ?massive changes? that the introduction of the VAT is bringing to the GCC region, warns Michael Vaughan, director of tax at Grant Thornton UAE
Renewables
Yellow Door Energy to install solar PV plant at Elcome?s headquarters in Dubai

The rooftop solar PV installation represents another important success under the ?Shams Dubai? initiative, launched by the DEWA to regulate solar energy generation in buildings. (Image source: Patrick Moore/sxc.hu)
Yellow Door Energy (YDE), a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, has announced that it will begin the installation of a 311kWp rooftop solar PV plant at Elcome?s headquarters located in Dubai Investments Park
EBRD and Proparco sign first projects under Egypt Renewable Energy Framework

The EBRD and Proparco solar projects in Benban will bring a significant short-term boost to the economy through the construction activities. (Image source: EBRD)
EBRD and Proparco have committed US$58mn each for two 50MW solar PV power plants in Egypt?s Aswan Province
Masdar and Oman join hands to build first large-scale wind farm in GCC
Abu Dhabi?s renewable energy company, Masdar, has signed an engineering, procurement and construction (EPC) contract with a global consortium comprising GE and Spain?s TSK to build the Dhofar Wind Power Project in Oman, the first large-scale wind farm in the GCC