ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in country. The project is co-financed by Abu Dhabi Fund for Development, ...

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups in a bid to contribute to the UAE’s sustainable ...

  Abu Dhabi / WAM Ghitha Holding, a subsidiary of International Holding Company (IHC), announced its second quarter results for 2022 with a profit of AED80.65 million, surging by more than 471% for same period last year. Ghitha reported record-breaking numbers, led by its revenue reaching AED576 million, which shows immense growth of 276%, soaring up from AED153 million in ...