Dubai's DP World to Invest $190m After Winning Angola Port Concession

DP World on 18th January said it has signed a 20 year concession agreement with the Government of Angola to operate a multi-purpose terminal at the Port of Luanda..... Read more »

Posted on : 1/29/2021

Dubai Economy to Grow 4% in 2021, Rebounding From Last Year's Contraction

Dubai, the financial and business hub of the United Arab Emirates (UAE), is forecast to grow by 4% in this year 2021, recovering for a projected 6.2% contraction last year, the government said, and citing projections from the Dubai Statistic Centre..... Read more »

Posted on : 1/29/2021

'World's First Solar Aluminium' as Metals Group Taps Massive Dubai Renewables Plant

The United Arab Emirates (UAE) claimed it will be the world’s 1st state to produce aluminium using solar energy after a massive power deal involving in 1 of the world’s largest renewable energy projects..... Read more »

Posted on : 1/27/2021

Abu Dhabi Secures Funding to Build World's Largest Solar Power Plant

The Abu Dhabi National Energy Co. (TAQA) last month announced it has secured funding to build the world’s largest solar power plant..... Read more »

Posted on : 1/27/2021

Mubadala and Siemens Energy Signs Mou to Explore Green Hydrogen Sector

Mubadala Investment Company and Siemens Energy signed a Mou to explore investment and commercial opportunities in clean energy and green hydrogen, establishing Abu Dhabi as a global hub of low-carbon fuels..... Read more »

Posted on : 1/25/2021

Acwa Power Taps $125m Credit Facility from Apicorp

Saudi Arabian energy developer Acwa Power signed a 125 million dollar 5 year Sharia compliant corporate facility with multilateral lender Apicorp to support its growth plans..... Read more »

Posted on : 1/25/2021

UAE healthcare sector projected to rise to AED 39.4bn by 2025

Data from Euromonitor shows rising traction behind private investment, privatisation and preventive treatment as key drivers projected to propel this business development, together with increasing trust in UAE healthcare systems and technology..... Read more »

Posted on : 1/21/2021

Abu Dhabi based ADQ to invest $75 mn in Biocon Biologics

Biopharmaceutical Giant Biocon said that a capital injection of $75 million from Abu Dhabi-based ADQ was authorised by the Board of its subsidiary Biocon Biologics..... Read more »

Posted on : 1/19/2021

Bahrain's Naseej, Ithmaar plan $105m residential project

The residential project in the northen governorate of Barbar will spread over an area of approximately 150,000m2..... Read more »

Posted on : 1/15/2021

Sharjah National Oil Corporation to Introduce Gas Storage Project

The Sharjah National Oil Corporation (SNOC) has announced the launch of its new gas storage project. This follows a small-scale pilot phase using the existing infrastructure that has been in operation since the beginning of 2017..... Read more »

Posted on : 1/15/2021