ABU DHABI/WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements that will advance the development of floating solar power projects in Southeast Asia’s largest energy market. The companies signed a Memorandum of Understanding (MoU) to develop a floating solar power plant at the ...
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ABU DHABI/WAM United Global Ro-Ro, the joint venture between Noatum Maritime (part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has celebrated a key milestone with the maiden call of its first LNG-powered Pure Car and Truck Carrier (PCTC) at Autoterminal Khalifa Port. As the JV’s inaugural deployment, the arrival of UGR Al Samha marks the beginning of ...
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ABU DHABI/WAM The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7 percent, or AED1.59 billion, in January, reaching AED24.571 billion by the end of the month, up from AED22.981 billion at the end of December 2024. According to the CBUAE’s Monthly Statistical Bulletin for January issued on Friday, demand deposits grew to over ...
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ABU DHABI/WAM Etihad Airways, the national airline of the United Arab Emirates, has released its traffic statistics for March 2025, continuing its positive performance as among the fastest growing global carriers. The airline carried 5 million passengers during the first quarter, and welcomed 1.6 million guests during the month, up 14 percent compared to the same period last year, as ...
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DUBAI/GULF TIME The Expert Real Estate Company, the new brand in Dubai’s real estate consultancy sector, stated that Dubai’s property market hit record sales up to AED 160 billion within the first 100 days of 2025, a fact which reflects the sustainable momentum and rally in this market. The company monitored the status of Dubai’s real estate market, according to ...
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NEW YORK/WAM US President Donald Trump announced on Wednesday a temporary suspension of reciprocal tariffs on all countries except China for a period of 90 days. In a post on the Truth Social platform, Trump stated, “I have authorised a 90-day pause, and a significant reduction in reciprocal tariffs by 10 percent during that period, effective immediately,” adding that tariffs ...
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MUMBAI/WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World’s state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration, which took place during HH Sheikh Hamdan’s official visit to India, marks a major ...
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NEW DELHI/ WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, met with members of the UAE diplomatic mission in India, in the presence of Dr Abdulnasser Jamal Al Shaali, UAE Ambassador to India. HH Sheikh Hamdan praised the UAE Ministry of Foreign Affairs, led ...
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ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Her Excellency Ursula von der Leyen, President of the European Commission, agreed during a phone call on Thursday to launch negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and European Union. During the call, His Highness reaffirmed the depth of relations between the UAE ...
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ABU DHABI/WAM Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, and Niamh Smyth, Ireland Minister for Trade Promotion, AI and Digital Transformation, signed a memorandum of understanding (MoU) aimed at enhancing economic and technical cooperation and the establishment of a Joint Economic Commission between the United Arab Emirates and Ireland. The signing is part of a broader effort ...
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