Local News

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has successfully completed over seven million smart transactions between January and September 2020. This achievement helped reduce over 24,000 tonnes of carbon emissions. This is equal to planting over 27,000 trees over a distance equal to 52 football pitches, and achieving savings of over AED285 million. Saeed Mohammed Al Tayer, MD ...

Abu Dhabi / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s ...

Sharjah / WAM The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, has announced the building of an AED2 million sustainable village in Niger in West Africa, which will be named after the late Sheikh Khalid bin Sultan Al Qasimi. To be implemented in partnership with Sharjah Charity International, the ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...

Dubai / WAM Dubai Economy signed a memorandum of understanding (MoU) with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem. The agreement will enable customers of Dubai Economy to have an instant credit facility and complete licencing transactions within five minutes. Users registering ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) — alongside partners Masdar, EDF Renewables and JinkoPower — announced on Tuesday the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project. The record-breaking project, located approximately 35 kilometres from Abu Dhabi city, will have a capacity of 2 gigawatts (GW) and will supply ...

ABU DHABI / WAM Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced on Tuesday that its Cryptography Research Centre (CRC) has built the UAE’s first national and sovereign crypto library. The milestone is set to enable the country to safeguard vital and confidential sources of information. The development follows a ...

ABU DHABI / WAM The UAE embassy in Beirut, in cooperation with the Zayed Charitable and Humanitarian Foundation, has launched an initiative aimed at distributing 10,000 food parcels and 60 wheelchairs in Lebanon. The initiative is in cooperation with civil society organisations registered with the Lebanese Ministry of Interior, municipalities, and care homes for elderly people. The gesture is part ...

JAKARTA / WAM Emirates Global Aluminium (EGA) has signed a series of agreements with PT Indonesia Asahan Aluminium (Inalum) to provide technological know-how to upgrade the Indonesian company’s aluminium smelter in North Sumatra. The signing was part of Indonesia UAE Week, organised by the two countries’ embassies to further deepen economic ties between the UAE and Indonesia. EGA will provide ...

DUBAI / WAM Emaar, the master developer of the Burj Khalifa, has collaborated with Zoom Video Communications, to host New Year’s Eve celebrations live from Downtown Dubai in a global Zoom video call. Up to 50,000 people from around the world will be invited to tune-in and usher in 2021 on the first ever New Year’s Eve celebration to be ...