Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has said that the pumped-storage hydroelectric power station being built by Dewa in Hatta is 29 percent complete. The station will have a production capacity of 250 megawatts (MW), a storage capacity of 1,500 megawatt-hours, and a life span of up to 80 ...

SHARJAH / WAM The Sharjah Department of Public Works (SDPW) has recently completed the development of Al Turaif Park in Kalba. Mohammad bin Yarouf, Director of the Branches Department at the SDPW, stated that the construction projects in the city are proceeding according to the plan. Bin Yarouf pointed out that the SDPW provided Al Turaif park with a variety ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 314,683 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Abu Dhabi / WAM Abu Dhabi is preparing to launch the 18th edition of the International Hunting and Equestrian Exhibition (Adihex 2021), where the efforts of the Higher Organising Committee are intensifying to organise the largest event of its kind in the Middle East and Africa, from September 27 to October 3, at the Abu Dhabi National Exhibition Centre (Adnec). ...

Sharjah / WAM Sharjah Islamic Bank (SIB) has announced the launch of its corporate digital banking services, providing an integrated banking experience characterised by speed, flexibility and security. Rahma Mohammed Al Shamsi, Head of Corporate Banking Group, Sharjah Islamic Bank, said that it is part of the bank’s efforts to enable companies to obtain an integrated digital banking experience, allowing ...

Dubai / WAM Expo 2020 Dubai is expected to create huge tangible and intangible economic benefits for the emirate and the wider region, with new and expanded infrastructure serving business communities and societies for the long-term, says Shukri Eid, Managing Director, Gulf Region, Cisco. “What’s fascinating is the sheer scale of Expo 2020. We are talking about vast investments in ...

Dubai / WAM The Dubai Sports Council announced the completion of the evaluation of Dubai clubs and football companies for the “Dubai Sports Excellence Model Awards” in collaboration with an internationally renowned specialist to ensure transparency. The council had received more than 100 nomination files for the fifth edition of Dubai Sports Excellence Model Awards, which takes into consideration the ...

Bloomberg Neptune Energy Group Ltd, the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said. Neptune, part-owned by Carlyle Group Inc and CVC Capital Partners, is working with an adviser as it studies a potential combination with London-listed ...

Bloomberg China Petroleum & Chemical Corp, commonly known as Sinopec, returned to profit in the first half as the nation’s recovery from the pandemic boosted demand for the refiner’s transport fuels and plastics. Asia’s biggest oil refiner posted a net profit of $6.2 billion, compared with a loss of 21.8 billion yuan a year ago, the company said in a ...

Goldman Sachs Group Inc doubtless wants every initial public offering it’s involved in to go well. But the US investment bank has a lot riding on one in particular: the potential London listing of Petershill Partners. This vehicle for owning stakes in private-equity firms could be a hot property. Even so, Goldman would be ill-advised to push IPO investors to ...