News

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has inspected the construction of the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is the largest single-site Concentrated Solar Power (CSP), project in the world. Based on the Independent Power Producer, IPP, model, the fourth phase will generate 950 ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), signed a Memorandum of Understanding (MoU), with the French National Radioactive Waste Management Agency (Andra), on the sidelines of the 63rd Annual Regular Session of the IAEA General Conference in Vienna, Austria. The MoU was signed by Eng. Mohamed Al Hammadi, Chief Executive Officer of Enec, and Pierre-Marie Abadie, Chief ...

Dubai / WAM Mohammed bin Rashid Space Centre (MBRSC), and Emirates Foundation, announced organising “Zayed’s Ambition” sessions during which school and university students, as well as the public, will get the chance to attend live video and radio sessions with Hazzaa Al Mansoori, the first Emirati astronaut, while onboard the International Space Station (ISS). The sessions will include a live ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, emphasised that Foreign Direct Investment (FDI) lows into Dubai in 2019 continued to grow remarkably, making the emirate one of the top three global FDI locations. This achievement has been made possible by the vision and leadership of ...

Dubai / WAM Dubai International Communication Committee (DICC), on Saturday showcased Dubai’s futuristic projects and major recent economic achievements at a meeting with senior leaders of UK’s Government Communication Service. Mansoor Abulhoul, the UAE’s Ambassador to the United Kingdom, attended the event held in London. At the meeting, DICC members highlighted how Dubai is transforming itself through innovation and is ...

Dubai / WAM To make Dubai one of the leading and most distinguished investment destinations, the Dubai Land Department (DLD), entered into a strategic partnership with the current edition of Cityscape Global 2019 that will take place from September 25-27 at the Dubai World Trade Centre under the theme “Adapting to Change: Charting a Course in an Era of Transformation.” The ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates – in partnership with the Abu Dhabi National Oil Company (Adnoc) – is honoured to celebrate the leadership and people of the Kingdom of Saudi Arabia on the 89th National Day of the Kingdom. To mark the occasion, the airline will launch a series of ...

Bloomberg India’s Finance Minister Nirmala Sitharaman defended her handling of the economy, following criticism on Twitter by a corporate leader on the lack of fiscal measures to support growth. “As Finance Minister — you might’ve observed — I’ve been working on and regularly speaking about measures we’ve been taking on matters of the economy,” Sitharaman said via Twitter, responding to ...

Bloomberg Shenzhen Transsion Holdings Co, a Chinese handset maker largely unknown outside of Africa, has priced its initial public offering at double the valuation of Apple Inc. Transsion, whose mobile handsets outsell iPhone and Galaxy smartphones in Africa, is going public on Shanghai’s Nasdaq-style Star Board, setting its IPO at 35.15 yuan a share, implying a trailing earnings multiple of ...

Bloomberg Blackstone-backed real estate investment trust’s successful India trading debut has left global funds including Japan’s NikkoAM-StraitsTrading Asia wanting a piece of the action. Eastspring Investments, North Carolina Fund, and Sentry Global are among names looking to invest in the instrument that bets on India’s rent-yielding real estate, said Shobhit Agarwal, managing director of Anarock Property Consultants Ltd. Blackstone Group ...