News

  DUBAI / WAM Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced it will be investing AED367 million ($99.92 million) into the Dubai Electricity and Water Authority’s (Dewa’s) landmark initial public offering (IPO) as a cornerstone investor. The group’s latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...

  DUBAI / WAM Namibia celebrated its National Day at Expo 2020 with a visit from the country’s president, and a colourful and joyful cultural performance. Dr Gottfried Geingob, President of the Republic of Namibia, was welcomed by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and Commissioner General of Expo 2020 Dubai. President Gottfried Geingob, who ...

  DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Master Developer of the JLT District — has announced that it will install solar car shades across the majority of the Jumeirah Lakes Towers (JLT) district’s cluster car parking areas. Once the 6.3MW project is complete, JLT will ...

  DUBAI / WAM Ministry of Health and Prevention (MoHAP) organised, in coordination with the World Health Organisation (WHO), a two-day workshop on strengthening national capabilities in emergency response and developing the national policy to combat health risks to reinforce the capacities of preparedness, prediction, and early warning. Discussions touched on health risks in emergencies nationwide and at the health ...

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Thursday the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant. Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing energy supply and advancing ...

  DUBAI / WAM Dubai Electricity and Water Authority PJSC (Dewa or “the company” or “the group), the exclusive provider of electricity and potable water in Dubai and the majority owner of Empower, the world’s largest district cooling services operator by connected capacity, announced the price range and start of the subscription period for its initial public offering (IPO or ...

  ABU DHABI / WAM Khaldoon Khalifa Al Mubarak, Chairman of the Board of Directors of Emirates Nuclear Energy Corporation (Enec), has said that with the commencement of Unit 2 commercial operations of the Barakah Nuclear Energy Plant in Abu Dhabi, the UAE is demonstrating the transformative effect of nuclear energy on the country’s clean energy transition. In a statement ...

  DUBAI / WAM Dr Anwar Gargash, Diplomatic Adviser to the UAE President, met the ambassadors of the member states of the Association of Southeast Asian Nations (Asean) accredited to the UAE. The meeting reviewed the friendship and cooperation relations between the UAE and Asean countries and ways to develop them across various fields further. It also touched upon regional ...

  DUBAI / WAM The UAE is an essential digital economy partner for Latin America, according to industry leaders speaking at fourth edition of the Global Business Forum Latin America (GBF Latam 2022) in Dubai. A panel session at the forum entitled Empower – Fostering A Digital Economy was joined by Min Chen, co-founder and Chief Executive Officer of Wisy, ...