Saudi Arabia Invests $2.4 Billion in Key Dubai Port Developments

Saudi Arabia is buying stakes in 3 flagship DP World developments in the United Arab Emirates for $2.4 billion, in the latest sign that increasing competition between the 2 largest Gulf economies isn’t impacting deal flow..... Read more »

Posted on : 1/5/2023

UAE Brings Forward Oil Production Capacity Expansion To 2027

The board of Abu Dhabi’s ADNOC endorsed plans in November to bring forward the company’s 5 million barrel per day oil production capacity expansion to 2027 from a previous target of 2030, to meet rising global energy demand, according to Reuters..... Read more »

Posted on : 1/3/2023

UAE, Malaysia Sign Historic Oil Deal

Deal marks first time that a Malaysian company will invest in and explore for hydrocarbons in Abu Dhabi Hamdi Yildiz.... Read more »

Posted on : 1/3/2023

Agreements have been reached to expand business and investment between the UAE and Africa

African Trade Insurance Agency (ATI) and Etihad Credit Insurance (ECI), the UAE Federal Export Credit Company, struck a reciprocal reinsurance agreement to expand trade relations and exports between the two markets. By offering businesses trade credit insurance and trade finance options, this is accomplished..... Read more »

Posted on : 12/30/2022

UAE and Kyrgyzstan agree to increase their mutual investments and increase their bilateral commerce.

To speed up the sustainable economic growth of both countries, the UAE and Kyrgyzstan have decided to strengthen their commercial relations and promote business and investment alliances..... Read more »

Posted on : 12/30/2022

MoHAP hosts the first health and medical research conference.

The 1st Scientific Conference on Health and Medical Research was organised by the Ministry of Health and Prevention (MoHAP), one of the ministry's most recent attempts to create a vibrant scientific research system and enhance the knowledge and abilities of national cadres..... Read more »

Posted on : 12/30/2022

G42 of Abu Dhabi and AstraZeneca collaborate to produce pharmaceuticals in the United Arab Emirates.

G42 Healthcare, a division of Abu Dhabi technology firm Group 42, and the UK's AstraZeneca have agreed to produce pharmaceutical goods in the emirate, establishing the capital of the United Arab Emirates as a "powerhouse" in global medical research. .... Read more »

Posted on : 12/30/2022

Hydroelectric Power Plant in Hatta Is 58% Complete: DEWA

The power plant will have a production capacity of 250 MW, a storage capacity of 1,500 Mwh, and a life span of up to 80 years once completed..... Read more »

Posted on : 12/30/2022

UAE's AMEA Power Secures Funding for Renewable Energy Projects in Egypt

Dubai-based AMEA Power said it has secured funding to develop a solar plant and a wind farm in Egypt..... Read more »

Posted on : 12/30/2022

AFDB to Back AMEA Power's 100-MW Solar Project in Tunisia

The African Development Bank Group (AfDB) will provide a loan package of US$ 37 million (EUR 34.79m) to co-finance the construction of a 100 MW solar park in Tunisia..... Read more »

Posted on : 12/28/2022