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UAE, Egypt to build one of world’s largest wind farms

SHARM EL SHEIKH / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Abdel Fattah El Sisi of Egypt witnessed the signing of an agreement between Masdar, one of the world’s fastest-growing renewable energy companies, along with its Infinity Power joint venture with Infinity, Egypt’s main renewable energy developer, and Hassan Allam Utilities, to develop a 10-gigawatt ...

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AD Ports, Al Fanar Gas set up Kezad Industrial Services firm

Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has announced the signing of an agreement to form a joint venture between its parent company AD Ports group, and Al Fanar Gas group, part of UAE’s leading diversified conglomerate, Ethmar Holdings. The new company, “Kezad Industrial Services”, ...

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Yahsat reports 11% rise in nine-month revenues

Abu Dhabi / WAM Al Yah Satellite Communications Company (Yahsat) on Tuesday announced its financial results for the nine-month period ended September 30, announcing revenue of AED1.2 billion, up 11% year-on-year and adjusted Ebitda of AED694 million, up 10% year-on-year. The company also announced a normalised net income of AED278 million, up 39% year-on-year, and contracted future revenue of AED7.6 ...

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