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Emirates Steel Arkan Q2 profit jumps 184%

  Abu Dhabi / WAM Emirates Steel Arkan on Tuesday announced its second-quarter results, reporting a net profit of AED207 million in the second quarter compared to a pre-merger loss of AED24 million in the same period of last year and a 184% gain from AED73 million in Q1, driven by higher sales volumes and prices, enhanced operational efficiencies, and ...

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Masdar reaches financial close on 230MW Azerbaijan solar plant

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in country. The project is co-financed by Abu Dhabi Fund for Development, ...

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Ministry, EDB to fund modern agri ventures

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups in a bid to contribute to the UAE’s sustainable ...

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