ABU DHABI/ WAM Emirates Water and Electricity Company (EWEC) is focused on expanding solar energy production in Abu Dhabi, targeting a capacity of 7.6 gigawatts (GW) by 2030. The initiative involves major solar photovoltaic (PV) projects, including the Al Khazna and Al Ajban plants, alongside the Noor Abu Dhabi and Al Dhafra solar facilities. These endeavours are set to position …

ABU DHABI/ WAM Abu Dhabi National Oil Company (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on 4th June, 2024. Fulfilling its financial obligations, ADNOC will pay up to …

GUANGDONG / WAM Guangdong Province, a prominent hub for manufacturing and foreign trade in southern China, has announced a historic peak in foreign trade, reaching 2.04 trillion yuan (approximately $281.86 billion) from January to March 2023. This marks a 12 percent increase compared to the corresponding period in the previous year, solidifying the province’s leading status in the nation’s trade …