Dubai / Emirates Business Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar photovoltaic (PV) systems to be installed at Dubai Electricity and Water Authority (DEWA) water reservoirs. The installation of solar PV systems on DEWA’s water reservoirs will reduce the Emirate’s carbon footprint and increase the proportion of solar power in Dubai’s energy ...

ABU DHABI / WAM Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation, said, “In parallel with the UAE’s growth and transformation ...

ABU DHABI / WAM The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax (VAT) at 5%, while residential units will remain generally exempt, except for the first supply of a new residential building within the first three years of it being constructed, which will be 0% rated, according to a statement by the ...