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ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has, for the first time, met 80% of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants. In the process, Ewec supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand. The significant achievement to meet 80% of total ...

DUBAI / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has partnered with Digital Wave Finance (DWF) Labs, a global digital asset market maker and multi-stage web3 investment firm, to offer a new $5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre. As a ...

BARCELONA / WAM e& on Thursday received the Brand Finance Telecoms 150 2023 award as the most valuable portfolio of telecom brands in the Middle East and Africa. e& has undergone a significant transformation, resulting in remarkable business growth and sustained stakeholder confidence. The transformation into a global technology and investment group has seen e &’s portfolio of brands grow ...

DUBAI / WAM Investopia 2023 announced the launch of its newly innovative investment platform “Marketplace”, with the aim of enhancing the UAE attractiveness to foreign investments in various economic and commercial sectors, in particular the new economy sectors, and with the aim to position the UAE as a leading investment destination on the regional and global level. The launch will ...

ABU DHABI / WAM The first political consultation committee between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry for Foreign and European Affairs and Trade of the Republic of Malta took place virtually. The meeting was chaired by ambassador Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent ...

ABU DHABI / WAM The Central Bank of the UAE has released figures showing that the total investments of banks operating in the country reached a historic high of AED528 billion at the end of December 2022. This represents an 11.5% annual increase or AED54.5 billion compared to the same period in the previous year, when total investments were AED473.2 ...

ABU DHABI / GULF TIME The Emirati company “Markab Capital” signed a strategic partnership agreement with the Italian company “Super Jet International” to establish a factory for the assembly, installation and production of civil aircraft in UAE. The factory, which is scheduled to be completed in 2025, is the first of its kind in the Arab world, through which civil ...

ABU DHABI / GULF TIME As one of the UAE’s leading institutions in the field of finance, Al Fardan Exchange under the umbrella of Al Fardan group has now ventured into the education sector with the inauguration of the Al Fardan Banking Training Institute. With corporate social responsibility at its core, the institute is aimed at developing and empowering UAE ...

DUBAI / WAM The Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and the United Nations High Commissioner for Refugees (UNHCR) have signed two agreements amounting to $12.5 million (approximately AED46 million) to address the nutrition needs of forcibly displaced people. These bring MBRGI’s cumulative support for refugees to $27.2 million (AED100 million) in two years. The agreement is part ...

ABU DHABI / WAM Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, conducted a board meeting to review its results for the period ending December 31, 2022. The board discussed the bank’s milestone achievements over the course of the year, in addition to its ambitions for 2023 as the bank ...