DEWA Makes Progress with 250-MW Hydroelectric Project in Dubai

Dubai Electricity and Water Authority (DEWA) is making progress with the construction of the 250-MW Hatta pumped-storage hydroelectric power project in the UAE with 44% of the station already complete..... Read more »

Posted on : 6/9/2022

Saudi Arabia's ACWA Power Q1 Net Profit Increase 9 Percent to USD 41mn

For the 1st three months of 2022, ACWA Power earned an operating income before impairment loss and other expenses of SAR 517 million, which was 19.5% higher than the same period in 2021..... Read more »

Posted on : 6/9/2022

UAE's Al-Futtaim Automotive to invest up to $1bn in Egypt

The Al-Futtaim Group of the United Arab Emirates aims to invest up to $1 billion in Egypt over the next three years, according to the North African country's Cabinet..... Read more »

Posted on : 6/3/2022

NADDC to partner UAE firm to produce solar-powered tractors in Nigeria

The National Automotive Design and Development Council (NADDC) has announced a collaboration with a UAE-based company to build solar-powered tractors..... Read more »

Posted on : 6/3/2022

As "a land of opportunity," the Democratic Republic of Congo shows off its vast potential.

In Dubai, the UAE and DRC Business Symposium, with Congolese ministers emphasising the economic benefits of extending their trade and development potential..... Read more »

Posted on : 6/2/2022

Kenya and the United Arab Emirates have agreed to construct an innovation and infrastructure centre.

President Uhuru Kenyatta has appreciated the United Arab Emirates' declaration that it will create an entrepreneurship and innovation centre in Kenya..... Read more »

Posted on : 6/2/2022

Abu Dhabi's Mubadala sign MoU with French Firm ENGIE to develop EV charging platform

Mubadala Investment Company PJSC (Mubadala) and ENGIE, a global energy giant, have signed a memorandum of understanding (MOU) to explore the establishment of a digital platform for charging electric cars in Abu Dhabi and the Middle East area..... Read more »

Posted on : 5/12/2022

The Emirates Development Bank has signed a funding agreement with Dubai's food technology hub.

The Emirates Development Bank (EDB) of the United Arab Emirates (UAE) has inked an initial agreement with Food Tech Valley to provide funding for small and medium-sized firms and start-ups operating within the Dubai food technology centre..... Read more »

Posted on : 5/5/2022

Al Seer Marine, situated in Abu Dhabi, launches a 3D printing manufacturing unit.

Al Seer Marine, a subsidiary of International Holding Corporation (IHC) and an Abu Dhabi-listed marine company, has announced the start of its 3D printing manufacturing business unit. Grand View Research estimates that the worldwide 3D printing industry was worth $13.78 billion in 2020, and that it would increase at a compound annual growth rate of 21% from 2021 to 2028..... Read more »

Posted on : 5/5/2022

Al Dahana plans to launch car assembly platform in UAE

Al Dahana, a renowned automotive retailer and distributor of automobiles and spare parts, intends to develop a manufacturing platform in the UAE for the assembly of cars and light trucks..... Read more »

Posted on : 5/5/2022