ABU DHABI / WAM The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company (Masdar) completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia, with the backing of Saudi and international banks. The Renewable Energy Project Development Office (REPD) of Saudi Ministry of Energy, Industry and Mineral Resources awarded $500 million Dumat Al ...

DUBAI / WAM Dubai Land Department (DLD) launched Manzili initiative with-in framework of a strategic partnership between public and pri- vate sectors to develop Dubai’s real estate market. Sultan Butti bin Mejren, Director-General of DLD said the initiative will have a positive effect on the real estate sector.

Bloomberg Oil eased gains as traders digested conciliatory remarks by British authorities after Iran’s seizure of its oil tanker, amid heightened tensions in the region. Futures in New York added 2.2 percent before trading close to little changed. The UK demanded the immediate release of the Stena Impero, which was taken by Iran’s Revolutionary Guard Corps in the Strait of ...