Dubai / WAM Arada, a Sharjah-based development company, has purchased the last remaining beachfront land plot on the Crescent of the world-famous, award-winning Palm Jumeirah, marking the fast-growing developer’s first project outside Sharjah and its entry into the Dubai property market. Valued at AED240 million ($65.34 million), the plot has been bought from Nakheel, the master developer behind Palm Jumeirah. ...

  ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) along with Emirates Water and Electricity Company (Ewec) announced on Monday the successful pricing of green senior secured bonds for an aggregate principal amount of $700.8 million (AED2.6 billion) by Sweihan PV Power Company PJSC (SPPC). Taqa is one of the largest listed integrated utility companies in the ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has commenced the operations of the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT). The total cooling capacity of the plant will be 50,000 RT upon completion and will be interconnected with the company’s existing district cooling plant ...