April, 2022

• 26 April

  Aldar Investment launches logistics real estate vertical

  

    Abu Dhabi / WAM Aldar Investment has completed the acquisition of a 70 percent equity interest in Abu Dhabi Business Hub, valuing the company at more than AED500 million, with the remaining 30 percent owned by a strategic partner. The acquisition marks the creation of Aldar Logistics, the company’s new logistics real estate vertical, which will focus primarily on ...

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• 26 April

  Work completed on UAE’s first waste-to-energy plant

  

    Sharjah / WAM Construction of the UAE’s first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture (JV) established by Beeah Energy, the renewable energy business of Beeah Group, and Masdar, one of the world’s ...

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• 26 April

  Dubai issues 18,013 e-Trader licences to date

    DUBAI / WAM A recent report by the Business Registration & Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, stated that over 18,013 e-Trader licences have been issued since the launch of the initiative in March 2017 until end-March 2022. The growth in the number of e-Trader licences reflects the emergence of e-commerce as an ...

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• 26 April

  VP, Sheikh Mohamed discuss success of Expo 2020 Dubai

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at Al Marmoom in Dubai. During the meeting, Their Highnesses discussed Expo 2020 ...

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• 26 April

  Construction complete on UAE’s first waste-to-energy plant

  

    Sharjah / WAM Construction of the UAE’s first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture (JV) established by Beeah Energy, the renewable energy business of Beeah Group, and Masdar, one of the world’s ...

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• 26 April

  Expo 2020 Dubai awarded AED6.8bn contracts to SMEs

  

  Dubai / WAM Expo 2020 Dubai awarded AED 6.8 billion of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to a vital sector of Dubai’s vibrant economy and exceeding a commitment made in 2016 to award at least 20% of all direct and indirect spend to SMEs. The figure represents more than a quarter of all Expo ...

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• 26 April

  Sharjah airport sees 3mn passengers in Q1 of 2022

  

    Sharjah / WAM Over three million passengers travelled in the first quarter (Q1) of 2022 through Sharjah Airport, witnessing an increase of 119.2 percent as compared to 1.3 million passengers in the same period last year. The aircraft movement for the same term also marked an increase in the number of flights by 89 percent with 21,336 flights, compared ...

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• 26 April

  NYUAD launches its first-ever space podcast

  

    Abu Dhabi / WAM The Centre for Astro, Particle and Planetary Physics (CAP3) at New York University Abu Dhabi (NYUAD) has produced and launched Spaced Out, the university’s first-ever podcast dedicated to astronomy and space science. Aimed at promoting scientific ideas and igniting curiosity among the public about astronomy and space science, the podcast will feature NYUAD’s own experts ...

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• 26 April

  Commodities titan Cargill plans to deploy green ships by 2030

  

    Bloomberg Commodities trading giant Cargill Inc expects some of its freight vessels to be powered by clean marine fuel before the end of this decade. In 2020, Cargill shipped almost 200 million tons of iron ore, grains and other goods around the world. It has as many as 700 vessels on the water at a time, and most of ...

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• 26 April

  India’s Sprng Energy nears $1.8 billion sale to Shell

  

    Bloomberg Sprng Energy Pvt is nearing a deal for Shell Plc to acquire the Indian renewable power producer for about $1.8 billion including debt, people with knowledge of the matter said. An agreement between Sprng’s private equity owner Actis and the energy giant could be signed in two to three weeks after Shell beat out rival bidders, the people ...

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