Dubai's Foreign Direct Investment in Kenya reaches Sh38 Billion

According to data from Financial Time's investment tracker Foreign Direct Investment Intelligence, Kenya's stock of foreign direct investments (FDIs) from Dubai reached $253 million (Sh38.3 billion) in the five years leading up to June 2023. This indicates an increase in deals in important industries like software, IT, financial services, and food processing. .... Read more »

Posted on : 1/19/2024

DEWA Sets Record 1,414 Distribution Substations Installed In Dubai for Sustainable Development

Dubai Power and Water Authority (DEWA), under the leadership of HE Saeed Mohammed Al Tayer, MD and CEO, has effectively charged 1,414 circulation substations of 11kV across Dubai in 2023. The development of these substations, alongside related assignments, added up to an amazing 996,648 worker hours, sticking to the best expectations of wellbeing and security..... Read more »

Posted on : 1/17/2024

Morocco and UAE Team Up to Build Africa-Atlantic Gas Pipeline for Europe's Energy Needs

The Africa-Atlantic gas pipeline project is a joint venture between Morocco and the UAE, along with Nigeria and other West African countries. The project aims to build a 5,600-kilometre pipeline that will transport natural gas from Nigeria to Morocco and then to Europe. The project will enhance the energy security and economic integration of the region, as well as provide a new source of gas for the European market. The project is expected to start construction in 2024..... Read more »

Posted on : 1/16/2024

DEWA's Advancement in Energy Storage and Renewables

Dubai Electricity and Water Authority (DEWA) keeps on leading headways in environmentally friendly power energy storage, answering the rising dependence on clean sources like solar power. With an emphasis on state of the art advancements, DEWA's drives range from the world's biggest solar park to inventive green hydrogen projects and experimental battery storage systems..... Read more »

Posted on : 1/15/2024

Uae and India Sign Agreements for Multi-sector Investment Cooperation.

The UAE Ministry of Investment has signed three Memorandums of Understanding (MoUs) with India, laying the groundwork for increased bilateral investment cooperation in renewable energy, food processing and healthcare..... Read more »

Posted on : 1/15/2024

Shakhboot Bin Nahyan Announces a $200 Million Pledge to Support Africa's Health Sector.

The UAE's investments contribute to the development of more robust health systems that are more adaptable to climate change and provide effective health services to the continent's youth, with this assistance enhancing the capabilities of Africa's youth to build a better future for their communities and countries..... Read more »

Posted on : 1/15/2024

Announcement of New Partnership for Lumenpulse in the Middle East and Africa

An international leader in the specification-grade lighting market, Lumenpulse, a division of LMPG Inc., recently announced a cooperation with the recently established MSF Lighting agency for the Middle East and North Africa region. MSF Lighting, which has operations in Dubai, United Arab Emirates, offers distributors and lighting specialists a comprehensive range of services and assistance to meet the demands of architectural lighting projects of all shapes and sizes..... Read more »

Posted on : 1/15/2024

The first flagship mixed-use development in Africa has been announced by Dubai Investments.

Declaring the opening of its first flagship mixed-use property in Africa, the Dubai Investments Park (DIP) Angola, signifies Dubai Investments' major breakthrough into the continent's markets..... Read more »

Posted on : 1/12/2024

Twenty electric vehicle charging stations are installed at Dubai Autodrome by BMW AGMC

With the installation of 20 electric vehicle (EV) charging stations at the country's first fully integrated multipurpose motorsport and entertainment facility, BMW AGMC and Dubai Autodrome, a division of Union Properties, have made a significant contribution to the development of sustainable transportation infrastructure in the United Arab Emirates. For the BMW Group, AGMC is the sole importer in Dubai, Sharjah, and the Northern Emirates..... Read more »

Posted on : 12/25/2023

Kenya And UAE Announce An Economic Deal To Increase Investment

In 2022, the bilateral trade value was USD 2.1 billion (Sh315 billion). Kenya's top UAE exports were electronics, machinery, automobiles, spare parts, and plastic. .... Read more »

Posted on : 12/18/2023