DUBAI / Agencies Dubai Electricity & Water Authority (DEWA) will spend AED81billion ($22 billion) on energy projects over the next five years, with renewables accounting for a growing share of electricity output, Chief Executive Officer Saeed Mohammed Al Tayer said. DEWA last week awarded a contract for a 815-megawatt gas turbine project in the Dubai suburb of Al Aweer to ...

DUBAI / Reuters Gold trader Regal RA DMCC has become the first company in the Middle East to be awarded a licence by the Dubai Multi Commodities Centre (DMCC) to trade in cryptocurrencies. The licence allows the company to store bitcoin, ethereum and other alternatives to the best-known digital currencies in a vault located in the headquarters of the commodities ...

New Delhi / WAM The UAE and India have reached a historic agreement which will enable businesses on both sides to bypass the US Dollar or any other foreign currency and trade directly in UAE Dirhams and the Indian Rupee. The agreement will mean large savings for business communities on both sides as trade between the UAE and India soars ...