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DEWA launches Smart Power Plant

Dubai / WAM Dubai Electricity and Water Authority (DEWA) has launched the Smart Power Plant to develop its smart operations and achieve its vision to become a sustainable, innovative world-class utility. The move comes in line with the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum to make Dubai ...

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Nakheel to construct AED150mn island project

Abu Dhabi / WAM In implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai, to start construction works in a series of roads & transit system projects, endorsed by His Highness during a recent visit to the Roads and Transport Authority (RTA), RTA has recently endorsed ...

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Emirati martyr’s body arrives home

Abu Dhabi / WAM The General Command of the UAE Armed Forces on Saturday announced the martyrdom of the serviceman Mohammed Rashid Ali Al Danakhani when the military vehicle he was travelling in overturned Al Danakhani was martyred while participating in the Saudi-led Arab coalition’s ‘Operation Restoring Hope’ in Yemen. The body of martyred serviceman arrived in a UAE Air ...

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DFZ discusses setting up of financial institutions inside Dubai free zones

ABU DHABI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Free Zone (DFZ) Council, on Saturday chaired the second council meeting which was held at the Emirates Towers. The discussions revolved around the proposed amendments to the draft statute and the financial resources of the council. The meeting also discussed the work progress of ...

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IA to facelift insurance company sector in UAE

ABU DHABI / WAM The Insurance Authority (IA) is discussing a proposal to establish a major national life insurance company in which all licensed national companies will hold stakes, the insurance regulator said today. The proposal is based on the performance of life insurance market valued at AED8 billion where the share of foreign companies stands at 81 percent leaving ...

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DWTC enhances ICT portfolio with Future Tech Week launch

Dubai / WAM Dubai World Trade Centre ( DWTC ) has enhanced its expansive Information Communications Technology (ICT) portfolio by collecting four specialised industry trade platforms under the collective banner of the all-new Future Technology Week. Future Technology Week, which runs March 29-31 across four halls at DWTC, will collect and showcase various ‘pipeline technologies’ and services featured within Gulf ...

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Clinton banks on African-American vote in South Carolina primary fight

Bloomberg The Democratic presidential nomination race shifted to South Carolina on Saturday, with Hillary Clinton banking on the black vote to beat Bernie Sanders and gain momentum ahead of the multi-state “Super Tuesday” contests next week. But in a blow to Clinton on the eve of the vote, Sanders picked up the endorsement of former labour secretary Robert Reich—who served ...

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China reassures world over ‘healthy’ economy, currency

Shanghai / AFP China’s normally reclusive central bank chief Zhou Xiaochuan is an unusually prominent presence at the G20 finance ministers meeting in Shanghai, racing from seminar to news conference to spread positive messages about the world’s second-largest economy. After months of silence, the governor of the People’s Bank of China (PBoC) wants investors to know that the yuan currency ...

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Malaysia to become biomass processing hub

New Delhi / AFP New industries must be explored to lessen the country’s dependency on traditional commodities, especially in current times when prices are sliding, said Malaysia Prime Minister Najib Razak. Najib said developing new industries, like the biomass sector, had great potential for the country. Malaysia, he said, had set its sight on becoming a premier biomass processing hub ...

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