Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $1.5 billion perpetual sukuk. According to a press release issued by Nasdaq Dubai on Wednesday, DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, will use the capital ...
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ABU DHABI / WAM Adnoc Distribution has announced the launch of a new range of lubricants that offer greater fuel efficiency for hybrid vehicles. The new range of Adnoc Voyager vehicle engine oils is the UAE’s first to meet the needs of latest engine technologies and to be certified by the world-leading industry body, the American Petroleum Institute (API). Voyager ...
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Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi. The unit has now been officially handed to Nawah Energy Company (Nawah), ENEC’s operating and maintenance subsidiary, for operational readiness ...
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Bloomberg The biggest battery storage system in the US connected to California’s electricity grid, giving the state more flexibility to bank excess solar power generated during the hottest parts of the day and deploy it later. The California Independent System Operator, which manages a grid that powers powers 80% of California and a small portion of Nevada, added 62.5 megawatts ...
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Bloomberg Donald Trump ordered an end to Hong Kong’s special status with the US and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city, drawing a rebuke from China and adding fresh uncertainty for businesses including banks in the financial hub. “No administration has been tougher on China than this administration,†the ...
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Abu Dhabi / WAM Air Arabia Abu Dhabi on Tuesday marked the inauguration of its operations with its first flight to Alexandria in Egypt. A second Air Arabia Abu Dhabi flight will operate from the UAE’s capital to the Nile city of Sohag on July 15. The launch ceremony was attended by senior leadership teams of Etihad Aviation Group, Abu ...
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Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has hosted a virtual awareness session on the recently launched ‘Go Safe’ certification programme for hotels across the UAE capital. Led by Ali Hassan Al Shaiba, Executive Director of Tourism and Marketing at DCT Abu Dhabi, the online session was attended by more than ...
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ABU DHABI / WAM The Department of Municipalities and Transport – Abu Dhabi has begun development of 15 mosques at a cost of AED45 million in Abu Dhabi, Al Ain, and Al Dhafra this July, in collaboration with Modon Properties (Modon), a subsidiary of ADQ mandated by the Government of Abu Dhabi to develop integrated tourism destinations and sustainable residential ...
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Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) revealed signs of progress within the tourism sector as the emirate prepares to gradually open up to international travel. Hotel occupancy rates in Abu Dhabi have risen by 3% year-on-year since July 1 and are expected to rise further with the launch of a ...
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Bloomberg South Korea revealed a 42.7 trillion won ($35 billion) plan to ramp up its commitment to renewable energy and environmentally friendly infrastructure, but came short of setting a time frame to phase out carbon emissions. President Moon Jae-in announced a framework on Tuesday to expand energy efficiency, boost low-carbon power sources and foster green industries amid an effort to ...
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