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ABU DHABI/ WAM Emirates Water and Electricity Company (EWEC) is focused on expanding solar energy production in Abu Dhabi, targeting a capacity of 7.6 gigawatts (GW) by 2030. The initiative involves major solar photovoltaic (PV) projects, including the Al Khazna and Al Ajban plants, alongside the Noor Abu Dhabi and Al Dhafra solar facilities. These endeavours are set to position ...

ABU DHABI/ WAM Abu Dhabi National Oil Company (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on 4th June, 2024. Fulfilling its financial obligations, ADNOC will pay up to ...

GUANGDONG / WAM Guangdong Province, a prominent hub for manufacturing and foreign trade in southern China, has announced a historic peak in foreign trade, reaching 2.04 trillion yuan (approximately $281.86 billion) from January to March 2023. This marks a 12 percent increase compared to the corresponding period in the previous year, solidifying the province’s leading status in the nation’s trade ...

DUBAI / WAM DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose on its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce. DP World invited industry participants and practitioners to share their feedback during a four-month public ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Ion-Marcel Ciolacu, Prime Minister of Romania, who is on a working visit to the UAE. During the meeting at Qasr Al Shati, His Highness welcomed the Romanian Prime Minister to the UAE, expressing his wishes for the success of the visit in advancing ...

ABU DHABI/ WAM Abu Dhabi National Insurance Company (ADNIC) has completed the strategic acquisition of a 51 percent stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia. The acquisition will make ADNIC one of the Tier – 1 listed insurers in Saudi Arabia, strengthening its position as a leading insurer in the Gulf region. As part of its ...

DUBAI/WAM Ducab Metals Business (DMB) today announced the launch of its Green Aluminium Rod offering to its metals portfolio which will be in compliances to EU’s CBAM regulation. DMB uses recycled aluminium to manufacture Green Aluminium Rods, which reduces energy usage and carbon emissions significantly compared to primary aluminium production. This sustainable approach results in only 0.5 tonnes of CO2-equivalents ...

ABU DHABI / WAM Abu Dhabi Stem Cells Centre (ADSCC) has partnered with Emirates Red Crescent (ERC) to enhance accessibility to bone marrow transplants for patients in need, providing them with treatment and support via the centre’s dedicated Abu Dhabi Bone Marrow Transplant (ADBMT) Programme. Under the partnership, ADSCC will provide medical consultations to patients referred by the medical committee ...

SAN JOSE / WAM Manuel Tovar, Minister of Foreign Trade of Costa Rica, hails the UAE as a “reliable partner and trade gateway” to the Middle East and Gulf countries, following the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two countries. In statements to the Emirates News Agency (WAM) on the sidelines of the CEPA signing, Tovar ...

SAN JOSE / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that Costa Rica and the UAE share many areas of strategic cooperation, culminating in the signing of a Comprehensive Economic Partnership Agreement (CEPA). This reflects their commitment to developing resilient, sustainable, and future-oriented economies relying on innovation, investment, and trade to drive sustainable ...