March, 2022

• 26 March

  Dubai sees AED6.8b in week-long realty deals

  

    Dubai / WAM The real estate and properties transactions valued at AED6.8 billion in total during the week ending March 25, according to Dubai Land Department (DLD). The DLD weekly real estate report said that the sum of transactions was 2,461. 330 plots were sold for AED1.65 billion, 1,653 apartments and villas were sold for AED3.42 billion. The top ...

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• 26 March

  ADFD funds AED692m projects in Bangladesh

  

    Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...

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• 26 March

  SMEs play critical role in UAE move towards economic growth, diversity

  

    DUBAI / WAM Small and medium enterprises (SMEs) in the UAE have taken on a critical and highly essential role in the move towards achieving economic growth and diversity. SMEs represent more than 94 percent of companies operating in the country, ably providing jobs to more than 86 percent of private sector’s workforce. In Dubai alone, they make up ...

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• 26 March

  Multiply Group invests $100m in Dewa IPO

    DUBAI / WAM Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced it will be investing AED367 million ($99.92 million) into the Dubai Electricity and Water Authority’s (Dewa’s) landmark initial public offering (IPO) as a cornerstone investor. The group’s latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth ...

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• 26 March

  ADFD finances projects worth AED692 million in Bangladesh

  

    Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...

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• 26 March

  Namibia marks National Day at Expo 2020 Dubai

  

    DUBAI / WAM Namibia celebrated its National Day at Expo 2020 with a visit from the country’s president, and a colourful and joyful cultural performance. Dr Gottfried Geingob, President of the Republic of Namibia, was welcomed by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and Commissioner General of Expo 2020 Dubai. President Gottfried Geingob, who ...

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• 26 March

  DMCC to install solar panel parking shades in JLT district

  

    DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Master Developer of the JLT District — has announced that it will install solar car shades across the majority of the Jumeirah Lakes Towers (JLT) district’s cluster car parking areas. Once the 6.3MW project is complete, JLT will ...

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• 26 March

  Ministry to develop national policy to combat health risks

  

    DUBAI / WAM Ministry of Health and Prevention (MoHAP) organised, in coordination with the World Health Organisation (WHO), a two-day workshop on strengthening national capabilities in emergency response and developing the national policy to combat health risks to reinforce the capacities of preparedness, prediction, and early warning. Discussions touched on health risks in emergencies nationwide and at the health ...

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• 26 March

  Germany to wean itself off Russian oil, gas in next 2 years

  

  Bloomberg Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, a hugely ambitious plan that poses complex logistical hurdles for Europe’s biggest economy. As Economy and Climate Minister Robert Habeck unveiled the plan, he once again made clear that Germany will not back an immediate embargo on Russian ...

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• 26 March

  China’s electric car battery champion mostly welcome in US

  

    Bloomberg Contemporary Amperex Technology Co Ltd (CATL), the world’s biggest manufacturer of electric-vehicle batteries, is scouting sites for a new $5 billion battery plant in North America. It’s considering locations in Mexico, Canada, and the US for an 80 gigawatt-hour plant that would supply Tesla and other EV makers, according to people familiar with the project. The conventional wisdom ...

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