DEWA's 250MW Hydroelectric Power Plant in Hatta Is 29% Complete

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited the pumped storage hydroelectric power station being built by DEWA in Hatta, to review its ongoing progress. The station is 29 per cent complete. It will have a production capacity of 250 MW, a storage capacity of 1,500 MWh, and a life span of up to 80 years. This is the 1st station of its kind in the GCC with investments up to AED 1.421 billion. Nasser Lootah, Executive VP of Generation at DEWA; Khalifa Albedwawi, the project manager, and the project’s team accompanied HE Saeed Mohammed Al Tayer..... Read more »

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UAE's Exports to Top $299bln By 2030 - Standard Chartered

Based on surveys of top business leaders, the report identifies 13 major corridors, and five trends shaping the future of global trade.... Read more »

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Aramco Again Ranked As Most Valuable Brand in Mideast

Oil and gas giant Aramco has once again been crowned the most valuable brand in Saudi Arabia and the Middle East, with a remarkable increase of 16% to $43.6 billion, according to a leading valuation consultancy..... Read more »

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UAE's influence in Africa keeps growing because of trade with Zimbabwe

According to the official Emirates News Agency, trade between the UAE and Zimbabwe has surged by 300 percent in the last three years..... Read more »

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DMCC Boosts Dubai-US Relations Through Agreement with Brooklyn Chamber Of Commerce

Brooklyn Chamber to promote DMCC’s world-class commodities trade facilities to New York-based businesses.... Read more »

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Amul achieves a turnover of Rs 61,000 crores in its 75th year

Amul cooperative movement celebrated its 75th anniversary by achieving a group turnover of Rs 61,000 crores, further consolidating its position as the largest food and FMCG brand in India..... Read more »

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A UAE fund announces a Sh3.5 billion investment in Kenya

The Khalifa Fund for Enterprise Development (KFED), which is supported by the government of the Emirate of Abu Dhabi, has declared its first $30 million investment in Kenya (Sh3.57 billion)..... Read more »

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Sharjah Chamber completes trade mission in Kenya and Uganda

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Export Development Center (SEDC), completed a business mission to Uganda and Kenya, leading a delegation of private sector representatives and prominent Sharjah and UAE manufacturers..... Read more »

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Dh200 Million Manufacturing Facility Announced At Dubai Industrial City

Silver Line Gate Group (SLG) is constructing a new manufacturing, warehouse and corporate offices facility, spanning 1.37 million sqft, at Dubai Industrial City, a member of Tecom Group..... Read more »

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Saudi Arabia Becomes Self-Sufficient In Dairy Goods

Saudi Arabia has had the option to accomplish independence — 120% — in dairy items and its subordinates in under 50 years..... Read more »

Posted on : 3/31/2023