Recent Posts

South African stocks surge

Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American ...

Read More »

Abu Dhabi Aviation reports AED47.8mn in six months

Abu Dhabi / WAM Abu Dhabi Aviation’s revenues for the period ended June 30 amounted to AED895.7 million, according to the financial results of the Abu Dhabi Securities Exchange-listed company. The company’s operating profit reached AED152 million and the net profit stood at AED47.8 million, the financial notes published on Sunday on the ADX’s website show. The company’s assets edged ...

Read More »

Ewec awards project to develop world’s largest solar power plant

Abu Dhabi / WAM The Emirates Water and Electricity Company (Ewec), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant in Abu Dhabi. The project was awarded to a consortium led by the Abu Dhabi National Energy Company (Taqa) and Masdar, ...

Read More »
Send this to a friend