RAS AL KHAIMAH / WAM Ras Al Khaimah has had its ‘A’ rating with a stable outlook affirmed by global agency Fitch Ratings. Fitch has maintained Ras Al Khaimah’s ‘A’ rating for more than 10 years and the agency highlighted the Emirate’s low and declining Government debt burden and high GDP per capita as key ratings drivers. Fitch expects “the ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa) held a strategic summit with Huawei to increase cooperation on investm- ents and to exchange the best global solutions, experiences, and practices in innovation, disruptive technologies, smart grids, digital transformation, automation, cloud platforms, and artificial intelligence (AI). The summit was attended by Saeed Mohammed Al Tayer, Managing Director and CEO ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced it awarded contracts valued at AED33 million to expand its district cooling pipe network at Dubai Studio City. The network expansion is part of the company’s infrastructure development plan using state-of-the-art technology to meet the increasing demand for cooling services in Dubai’s growing commercial and residential sector, and to provide ...