ABU DHABI / WAM Abu Dhabi Transmission and Despatch (TRANSCO), a subsidiary of the Abu Dhabi Water and Electricity Authority (ADWEA), launched a package of new expansion projects in the emirate of Abu Dhabi and the northern region, at a total cost of AED359 million. Abdullah Ali Musleh Al Ahbabi, Chairman of the ADWEA Board of Directors, said the projects ...

KHOBAR / Reuters Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. “The Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,” the crown prince said in a statement. “The high demand for oil has absorbed the ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s efforts in backing small and medium enterprises in Africa have led to further Gulf Cooperation Council (GCC) investment in the continent, concluded the Economist Intelligence Unit (EIU) report, “New Horizons: Next generation Africa-GCC business ties in a digital economy”. Sponsored by the Dubai Chamber and launched in preparation for ...