News

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in country. The project is co-financed by Abu Dhabi Fund for Development, ...

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups in a bid to contribute to the UAE’s sustainable ...

  Abu Dhabi / WAM Ghitha Holding, a subsidiary of International Holding Company (IHC), announced its second quarter results for 2022 with a profit of AED80.65 million, surging by more than 471% for same period last year. Ghitha reported record-breaking numbers, led by its revenue reaching AED576 million, which shows immense growth of 276%, soaring up from AED153 million in ...

  ABU DHABI / WAM The United Arab Emirates (UAE) is continuing to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working. Due to the directives of its leadership, the country witnessed progress in terms of outcomes and indicators, which confirmed its recovery from the Covid-19 pandemic. The country has strengthened ...

  Dubai / WAM The launch of Dubai’s Metaverse Strategy by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, positions the city as a global pioneer offering the world’s most advanced and connected ecosystem where the metaverse community can thrive in a dynamic and enabling environment. The move consolidates ...

  Abu Dhabi / WAM Abu Dhabi University (ADU) has received the highest accolade accreditation, a ten-year full reaccreditation without reservation, from The American Western Association of Schools and Colleges (WASC), a world-renowned accrediting association and one of the six regional accrediting agencies in the US. This singular clean bill-of-health comes after many months of scrutiny of ADU by a ...

  ABU DHABI / WAM Ghitha Holding, a subsidiary of International Holding Company (IHC), announced its second quarter results for 2022 with a profit of AED80.65 million, surging by more than 471% for same period last year. Ghitha reported record-breaking numbers, led by its revenue reaching AED576 million, which shows immense growth of 276%, soaring up from AED153 million in ...

  Abu Dhabi / WAM The Ministry of Economy announced one of the first businesses to join the landmark NextGenFDI initiative – Krush Brands, a full stack food technology, multi-kitchen food service company. The announcement comes three weeks after the launch of the global initiative in collaboration with seven strategic partners and representatives of key national entities in the UAE. ...

  Sharjah / WAM More than 20 high school students expanded their learning and knowledge about careers that go beyond the conventional path during a 10-day interactive programme held at the Sheraa Hub at the University of Sharjah, in partnership with Sajaya Young Ladies of Sharjah and School of Humanity, a Sheraa alumni. The ‘Jobs of the Future’ programme highlighted ...

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the central bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third auction of the Treasury Bonds programme (T-Bonds), which is part of the AED9 billion T-Bond issuance programme for ...