News

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) and Emirates Global Aluminium (EGA) on Monday announced that the UAE has become the first country in the world to produce aluminium using the power of the sun. Under an agreement signed on Monday, Dewa will supply EGA’s smelter with solar power from the Mohammed bin Rashid Al Maktoum Solar Park. ...

ABU DHABI / WAM Masdar announced on Monday that it is joining forces with the Abu Dhabi Department of Energy, Etihad Airways, Lufthansa Group, Khalifa University of Science and Technology, Siemens Energy, and Marubeni Corporation in an initiative designed to support the development of Abu Dhabi’s green hydrogen economy. Senior executives from each organisation signed a Memorandum of Understanding (MoU) ...

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of the Emirate of Abu Dhabi, has issued a Resolution restructuring the Board of Directors of Etihad Aviation Group under the chairmanship of Mohamed Mubarak Fadhel Al Mazrouei. The ...

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and ...

ABU DHABI / WAM Masdar, host of the Abu Dhabi Sustainability Week (ADSW), on Monday announced that Taqa Group (Abu Dhabi National Energy Company) will support the global platform for accelerating sustainable development as ADSW’s Energy Sector Partner. The partnership will support the ADSW’s initiatives and events, which are bringing global leaders together virtually from January 18- 21 to engage ...

DUBAI / WAM Dubai Financial Market (DFM) on Monday hosted a bell ringing ceremony to celebrate the commencement of Real Estate Investment Trusts (REITs) trading with the listing of Al Mal Capital’s REIT. The introduction of REITs is a key milestone in DFM’s journey to diversify product offering and asset classes, broadening the scope of opportunities offered to its vast ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, and Taaleri SolarWind II Fund, which invests in utility-scale wind and solar assets, have together acquired 50:50 stakes in two wind farms in Poland. The 37.4 megawatt (MW) Mlawa Wind Farm is located in Mazowieckie in northern Poland and the 14 MW Grajewo Wind Farm is located ...

Dubai / WAM Dubai Customs events in the 4th UAE Customs Week under the theme “Dubai Customs; Sustainable Operations” will be held from January 24-28, in conjunction with the International Customs Day, which is celebrated on January 26 every year. The events of the Customs Week will focus on raising public awareness around the role customs plays in sustaining economic ...

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second largest ...