Recent Posts

DP World to implement new safety regulation

  DUBAI / WAM DP World is prepared for the implementation of the new International Maritime Organisation (IMO) Safety of Life at Sea (SOLAS) regulation which comes into effect on 1st July, 2016. The new regulation mandates that shippers of goods must obtain the Verified Gross Mass (VGM) of laden export containers and communicate it to ocean carriers sufficiently in ...

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Masdar delivers 30MW ‘clean energy’ to Egypt

  ABU DHABI / WAM Masdar, Abu Dhabi’s renewable energy company, completed the delivery of 30 megawatts of utility-scale clean energy projects and 7,000 solar home systems in remote and strategic areas across Egypt. Together, the four clean energy projects developed by Masdar’s Special Projects unit will power 25,800 homes and displace 42,700 tonnes of CO2 annually, as well as ...

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Deyaar Q1 profit hits AED51mn

  Dubai / WAM Deyaar Development (Deyaar) on Thursday announced its preliminary Q1 unreviewed financial results registering AED 51.03 million in net profits, and AED 60.2 million in revenue compared to AED 36.2 million during same period last year. Saeed Al Qatami, CEO of Deyaar, said: “Deyaar’s strategy to continuously grow and diversify its portfolio of developments and services has ...

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