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UAE to conduct two million Covid-19 tests in two months

Abu Dhabi / WAM The UAE Government will complete more than two million Covid-19 tests during the next two months to continue to curb the spread of the virus. The announcement was made at the UAE government’s regular media briefing wherein Dr Amna Al Dahak Al Shamsi, official spokesperson of the UAE government, provided an update on Covid-19 and all ...

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Taqa agrees financing for UAE’s largest gas-fired power plant

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), announced on Tuesday the successful financial closing for the largest gas-fired power plant in the UAE. The AED4.2 billion Fujairah F3 Independent Power Producer (IPP) project will have a power generation capacity of 2.4 GW – equivalent to the powering of 380,000 UAE households. The power plant is expected to ...

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CBUAE: UAE’s banking sector remains resilient

Abu Dhabi / WAM The central bank of the UAE (CBUAE) published its Financial Stability Report (FSR) which provides information, analysis and an assessment of the resilience and matters that require additional support in the banking and financial system in the UAE promoting public understanding and transparency. The report covers macro-financial conditions, regulatory developments, assessments of the banking and finance ...

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