ABU DHABI / WAM Aldar Properties PJSC has signed an agreement to divest its two district cooling assets on Abu Dhabi’s Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million. Aldar had purchased a 100 percent stake in Saadiyat District Cooling LLC (SDCL) and an 85 percent stake in Saadiyat Cooling LLC ...

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project — Uzbekistan’s first successfully-financed independent power producer solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s Ministry ...

FUJAIRAH / WAM Stockpiles of oil products at the Port of Fujairah fell 4 percent in the week to December 21, with the biggest decline recorded in middle distillates, the latest data from the Fujairah Oil Industry Zone (FOIZ) showed. The total stood at 23.684 million barrels, a drop of 900,000 barrels from the previous week, according to the data ...

SHARJAH / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading began on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...

DUBAI / WAM Enoc group on Wednesday announced that it has opened a new service station located at Al Rasheed Road in Dubai, bringing the total number of Enoc service stations across the country to 149. The new service station located on Al Rasheed Road in Dubai will cater to residents and motorists in Deira and the others passing through ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has successfully completed over seven million smart transactions between January and September 2020. This achievement helped reduce over 24,000 tonnes of carbon emissions. This is equal to planting over 27,000 trees over a distance equal to 52 football pitches, and achieving savings of over AED285 million. Saeed Mohammed Al Tayer, MD ...

Abu Dhabi / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s ...

Sharjah / WAM The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, has announced the building of an AED2 million sustainable village in Niger in West Africa, which will be named after the late Sheikh Khalid bin Sultan Al Qasimi. To be implemented in partnership with Sharjah Charity International, the ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...

Dubai / WAM Dubai Economy signed a memorandum of understanding (MoU) with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem. The agreement will enable customers of Dubai Economy to have an instant credit facility and complete licencing transactions within five minutes. Users registering ...