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Dewa commissions 11 substations in H1 2022

Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and ten 132/11 kV substations in different areas in Dubai, during the first half of 2022. This is part of Dewa’s efforts to provide an advanced infrastructure that keeps pace with the increasing demand for energy in Dubai. The ...

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Germany breaks solar record as heat wave sears Europe

Bloomberg Germany produced a record amount of electricity from solar and is set to exceed that again on Tuesday as a heat wave grips Europe. About 38,174 megawatts were generated from solar panels and high levels are expected through Wednesday. A fresh record is possible on Tuesday, with a maximum 38,287 megawatts forecast. A brutal heat wave is moving into ...

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Russia orders forces to strike Ukraine’s long-range weapons

Bloomberg Russian Defense Minister Sergei Shoigu ordered part of his forces to focus on destroying Ukraine’s long-range missile and artillery systems during a visit to troops in occupied territory. Shoigu “instructed the commander to prioritize the defeat of long-range rocket and artillery weapons of the enemy with high-precision weapons” during a meeting with the military’s Vostok group, the Russian Defense ...

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UAE sets up AED3bn fund to develop radar satellites

  Abu Dhabi / WAM Under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai UAE, the UAE Space Agency on Sunday announced a new AED3 billion national investment and development fund for the space sector, ...

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Dubai retains its spot as world’s top FDI destination for tourism

  DUBAI / WAM Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion in FDI across 30 FDI projects in 2021, Dubai ranked number one in FDI capital, projects, and job creation in tourism sector in 2021, according to The Financial Times’ fDi Markets data, a leading global data ...

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Dolphin Energy marks 15 years of operations

  Abu Dhabi / WAM Dolphin Energy Limited on Sunday marks 15 years of operations, during which the company imported two billion standard cubic feet (scf) of natural gas into the UAE and Oman every day. Dolphin Energy’s Chief Executive Officer, Obaid Abdulla Al Dhaheri, commented on the achievement, and said that “This is an important milestone in our history ...

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EAD launches ‘environmental labelling’ program

  Abu Dhabi / WAM Under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), the Agency announced the launch of the ‘Green Industries’ environmental labelling programme. The innovative programme is tailored based on best international practices in ...

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Italian parties brace for snap elections with Draghi unmoved

Bloomberg Italy’s political parties are readying for possible snap elections, even as some of them redouble efforts to convince Prime Minister Mario Draghi to rethink his determination to resign. While talks to patch up the current majority, or form a new one, continue, Italy’s political groupings are making preparations for a potential vote, several party and government officials said, asking ...

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UAE ranks first in Arab world in Gender Gap Report 2022

  Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of Dubai Women Establishment and wife of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, congratulated the wise leadership and HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...

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EDB announces credit facility deal with Valiant Healthcare

  Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to for both capital investment and operational expenditures, allowing it to fulfil its expansions plans and while ...

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