Dewa and Enoc join hands to develop hydrogen-based mobility pilot project

Dubai / WAM Dubai Electricity and Water Authority (Dewa) and Enoc have signed a memorandum of understanding (MoU) to conduct a feasibility study for the establishment, development, and operation of a joint pilot project for the use of hydrogen in mobility. The MoU was signed at the World Government Summit 2023 in the presence of in the presence of HH ...

Read More »

Adnec, UAE ministry launch Idex next gen

  Abu Dhabi / WAM Adnec group, in cooperation with the Ministry of Defence, has announced the launch of Idex Next Gen for the first time during the 16th edition of Idex 2023 and the 7th edition of Navdex 2023. The exhibitions will be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan from February ...

Read More »

Dubai Islamic Bank prices $1b sustainable sukuk

  Dubai / WAM Dubai Islamic Bank (DIB) has successfully priced its second Sustainable Sukuk – a landmark $1 billion 5.5-year senior issue with a profit rate of 4.80 percent per annum, representing a spread of 102.4 bps over 5-Year US Treasuries. The sukuk was issued in line with DIB’s Sustainable Finance Framework, which was created to facilitate financing of ...

Read More »

UAE President meets world leaders, heads of delegations

Dubai / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met a number of world leaders, officials and heads of delegations participating in the World Government Summit (WGS) 2023, which kicked off on Monday in Dubai. His Highness Sheikh Mohamed held separate meetings with HH Sheikh Ahmad Nawaf Al Ahmad Al Sabah, Prime Minister of Kuwait; Maeen Abdulmalik ...

Read More »

Empower revenues jump 13.3% to AED2.8bn in ’22

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the fiscal year 2022, with a total revenue of AED2.8 billion, and with a remarkable growth of 13.3 percent compared to 2021. The company has recorded a net profit of AED1.001 billion, representing an increase of 7 percent compared to the previous year. The company ...

Read More »

Jawhara Jewellery announces opening of its 90th store in UAE

  Ras Al Khaimah / Gulf Time Under the patronage and presence of Sheikh Mohammed bin Kayed Al Qasimi, Chairman of the Department of Economic Development in Ras Al Khaimah, and in the presence of media professionals and senior guests, the new branch of Jawhara Jewellery was opened in Manar mall in Ras Al Khaimah. With this, Jawhara reaches 90 ...

Read More »

AD Police launches new recording studio

  Abu Dhabi / WAM The Abu Dhabi Police (AD Police) has launched a new recording studio as part of its Security Media Department, Command Affairs Sector, to coincide with World Radio Day observed on February 13. The aim of the studio is to improve audio communications with the community and increase awareness of various police and security matters. Major ...

Read More »

Emirati Belselah wins UAE International Jet Ski Championship title

  Abu Dhabi / Gulf Time The curtain fell on the fifth and final round of the UAE International Jet Ski Championship held on Abu Dhabi’s breakwater. The championship witnessed the participation of 60 competitors, representing the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, Japan, Morocco, Jordan, Palestine and Hungary, who took part in 11 racing categories. The first place in ...

Read More »

Air India close to record jet deal with Airbus, Boeing

  Bloomberg Air India has signed agreements with Airbus SE and Boeing Co for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals. The airline has agreed on the outlines of the accord with the two planemakers and may ...

Read More »
Send this to a friend