DUBAI / WAM DP World generated a cash flow of AED 5.3 billion ($1.43 billion) as on December 31, 2015, in spite of the global economic slowdown and world trade slump. The strong cash generation is due to the Group’s ambitious expansion plan and growth of its portfolio of global terminals and business volumes, particularly in Mumbai in India and ...

ABU DHABI / WAM The Follow up Committee of the Initiatives of UAE President approved a number of infrastructural and environmental projects in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow-up of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) organised a conference for qualifying international developers who intend to send their proposals for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park to produce 800MW of electricity. The project will be implemented according to the Independent Power Producer (IPP) model. The conference aims to clarify details of ...