ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project — Uzbekistan’s first successfully-financed independent power producer solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s Ministry ...

FUJAIRAH / WAM Stockpiles of oil products at the Port of Fujairah fell 4 percent in the week to December 21, with the biggest decline recorded in middle distillates, the latest data from the Fujairah Oil Industry Zone (FOIZ) showed. The total stood at 23.684 million barrels, a drop of 900,000 barrels from the previous week, according to the data ...

SHARJAH / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading began on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...