ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan said on Thursday the UAE has taken a significant step towards net zero as operations at Unit 4 of the Barakah Nuclear Energy Plant start. His Highness Sheikh Mohamed wrote on X, “With the start of operations at Unit 4 of the Barakah Nuclear Energy ...

DUBAI / WAM Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced on Thursday the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum to 110,000 tonnes per annum and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens DMB’s position in the international metals ...

ABU DHABI / WAM NMDC Group, a leader in engineering, procurement, construction, and marine dredging, on Thursday announced the successful closing of the Initial Public Offering (IPO or Offering) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted exceptional investor interest, generating total gross demand of AED88 billion. The offering of 1.15 billion ...