ABU DHABI/ WAM The AED8.89 billion ($2.42billion) refinancing of the Barakah Nuclear Energy Plant project, announced in 2023, has now been recognised as a Green Loan Facility. This important classification underscores nuclear energy’s major contribution to powering the UAE’s green economy and energy transition strategy through clean, carbon emissions-free electricity. Through the Barakah Plant, the Emirates Nuclear Energy Corporation (ENEC) …

ABU DHABI / WAM The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of more than 3% during 2025-2028, according to a report released by GlobalData, a data analytics and consulting company, headquartered in London. The growth is attributed to the increase in investments in transport and renewable energy infrastructure, with improvements …

ABU DHABI / WAM Rabdan Academy has entered into a strategic memorandum of understanding with INTRA Defence Technologies, a leading company in drone technologies, defence systems and integrated logistical support. The agreement was formalised during the second edition of the World Defence Show in Riyadh, a premier global exhibition in security and defence. Its objective is to fortify the strategic …