DUBAI / Emirates Business The UAE’s continued construction boom ahead of Expo 2020, has driven demand for ceramic tiles to increase by almost 70% and, with almost 40% of tiles imported from overseas, this poses huge opportunities for international manufacturers to win contracts on prestigious UAE projects. As the largest exporter of tiles to the UAE, India is well positioned …

Dubai / Reuters Abu Dhabi’s government-owned power utility has closed a 3.2 billion dirham ($872 million) financing package for what will be the world’s largest solar power plant, the utility’s top official said. Abu Dhabi Water & Electricity Authority (ADWEA) raised $650 million in debt with the remaining $222 million raised in equity, Director General Saif Saleh al-Sayari said. A …

ABU DHABI / WAM Computer and telecommunication capital inflows to the country grew by 2.5 percent to AED13.1 billion during 2016, as per UAE Central Bank statistics. According to the UAE Balance of Payment service data, the computer and telecommunications sectors’ combined credit side hit AED20.9 billion, accounting for 1.5 percent of the 2016 GDP, while their debit reached AED7.8 …