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South Africa must slash red tape to close energy gap: ANC

  Bloomberg South Africa must accelerate plans to generate more electricity itself, buy more energy from private producers and make it easier for power-hungry mining companies to build their own plants, according to a draft economic policy document compiled by the nation’s governing party. Projects outlined in the government’s Integrated Resources Plan won’t be sufficient to end rolling blackouts, and ...

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Dewa’s Q1 revenue grows 15% to reach AED5.06bn

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Friday reported its first-quarter 2022 financial results, recording revenues of AED5.068 billion and net profit of AED691 million. Dewa’s first-quarter revenue increased by 15% to AED5.068 billion, driven by an increase in consumption across all sectors and the transition to a normalised tariff structure at the beginning of this ...

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Opec highlights its positive expectation for UAE economy

ABU DHABI / WAM The Opec Monthly Oil Market Report (MOMR) has maintained its positive momentum with regard to the UAE’s economic recovery. The MOMR stated that the economic outlook remained positive, thanks to improving economic conditions supported by the easing of Covid-19-related constraints and the improvement in fossil fuel prices. The report indicated that the recent S&P Global UAE ...

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Khalifa bin Zayed: 18 years of empowerment

  Abu Dhabi / WAM “While people are proud of their achievements, we are proud of being the children of Sheikh Zayed, and while people talk of their history, we speak of the history of giving that began with the formation of the UAE,” said the late His Highness Sheikh Khalifa bin Zayed Al Nahyan, epitomising the nations’s approach from ...

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World leaders mourn death of Sheikh Khalifa

  Abu Dhabi / WAM UAE rulers and leaders from the region and around the world have offered their condolences after the death of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The Ministry of Presidential Affairs announced the death of Sheikh Khalifa on Friday. He was 73. In a tweet on his official Twitter account, His Highness Sheikh ...

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Sheikh Khalifa was a dedicated leader: Sheikh Mohammed

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has mourned the death of the leader of the nation, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, who passed away on Friday, May 13. In a tweet on his official Twitter account, HH Sheikh Mohammed ...

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Cepa to increase UAE imports from India by $14.3bn by 2030

  Abu Dhabi / WAM Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development (Added), has said that the UAE and India are exploring mutual business opportunities with an unwavering commitment to further build on bilateral economic and trade relations. As part of his participation in the state delegation visiting India, Al Shorafa noted that the Comprehensive ...

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China’s Shandong to build huge solar farms out to sea

  Bloomberg A single region in China plans to build enough solar farms off its eastern seaboard to power New Zealand. Shandong province, the industrial hub south of Beijing, issued a tender for the construction of 10 offshore solar plants in the seas surrounding China’s largest peninsula by 2025. The capacity planned is 11.25 gigawatts, more than peak consumption in ...

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