Recent Posts

UAE-built desalination plants in Egyptian Rafah pump water to Palestinians in Gaza

RAFAH/ WAM The United Arab Emirates’ “Gallant Knight 3” humanitarian operation has successfully completed the pumping of desalinated water to Palestinians in Rafah, within the Gaza Strip. The water is being pumped from UAE-built desalination plants in Egyptian Rafah through a newly installed 900-metre pipeline. The Palestinian Water Authority in Rafah then takes over the water distribution within the Gaza ...

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UAE leaders congratulate Emir of Kuwait on assuming power

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, on the occasion of assuming power in the State of Kuwait. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai and ...

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ADIB, Aldar Properties close AED 1 billion sustainability linked financing deal

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the ...

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