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ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) on Thursday announced a historic milestone for the UAE with the fourth unit of the Barakah Nuclear Energy Plant entering commercial operations, marking its full delivery. This fulfils ENEC’s promise to bring clean, abundant electricity to the UAE. Barakah is one of the most successful new build nuclear projects in ...

ASTANA / WAM Abu Dhabi Fund for Development (ADFD) participated in a roundtable meeting of the Arab Coordination Group (ACG) in Astana. Held at the invitation of the Government of the Republic of Kazakhstan, the meeting marked the first-ever formal engagement between the ACG and Kazakhstan. Key members of ACG include ADFD, the Islamic Development Bank (IsDB), Saudi Development Fund, ...

ABU DHABI/WAM Marking the International Day of Charity, the UAE continues to enhance its leading role in supporting humanitarian causes worldwide, with a particular focus on Operation Chivalrous Knight 3 in Gaza. The initiative, launched in response to the challenging conditions faced by residents of the Gaza Strip, epitomises the UAE’s spirit of giving, as it provides round-the-clock relief and ...

ABU DHABI / WAM Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi, attended by high-ranking dignitaries and over 400 ...

ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan said on Thursday the UAE has taken a significant step towards net zero as operations at Unit 4 of the Barakah Nuclear Energy Plant start. His Highness Sheikh Mohamed wrote on X, “With the start of operations at Unit 4 of the Barakah Nuclear Energy ...

DUBAI / WAM Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced on Thursday the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum to 110,000 tonnes per annum and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens DMB’s position in the international metals ...

ABU DHABI / WAM NMDC Group, a leader in engineering, procurement, construction, and marine dredging, on Thursday announced the successful closing of the Initial Public Offering (IPO or Offering) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted exceptional investor interest, generating total gross demand of AED88 billion. The offering of 1.15 billion ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with Muhannad Hadi, Deputy Special Coordinator and Resident Coordinator, Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO). During the meeting, which was held in Abu Dhabi, Sheikh Abdullah and Hadi discussed the overall developments ...

ABU DHABI / WAM The General Command of Abu Dhabi Police and the Environment Agency – Abu Dhabi (EAD) signed a memorandum of understanding to help protect the environment in the emirate. As part of the MoU, the two organisations will work together to enforce legislation to conserve and raise awareness of the environment, and work towards adopting sustainability practices ...

ABU DHABI / WAM DFM-listed Sukoon announced that it has finalised the acquisition of the UAE life insurance portfolio of Chubb Tempest Life Reinsurance. The transfer, which includes unit-linked insurance policies and life insurance policies, has been approved by the relevant regulatory authorities, including the Central Bank of the UAE and the Bermuda Monetary Authority, the company said in a ...