UAE’s AMEA Power wins contract to build two solar power projects in Morocco
The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development have officially announced that the UAE-based AMEA Power has been awarded two solar power plant projects of 36MW each, following an international tender. The solar projects were part of a large international tender launched by Masen and the Ministry […]
NMC signs $11.2mln deal to renovate Riyadh Care Hospital
National Medical Care Company (NMC) has inked a contract to renew Riyadh Care Hospital at a value of SAR 42 million. The project, which will be carried out in several phases, comes in line with the Saudi listed company’s strategy to improve patient experience and journey, according to a recent bourse filing. NMC penned the […]
Etihad to do week of intensive flight tests to reduce emissions
Etihad Airways, the national carrier of the UAE, is undertaking a week of intensive research and testing on over 30 flights to test operational efficiencies, technology and procedures that will reduce carbon emissions. In an expansion of its ongoing sustainability flight testing regime, the week-long programme, coinciding with Earth Day on April 22, includes over […]
Emirates NBD affirms position as regional leader in innovation
Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, has affirmed its position as a regional leader in global banking innovation. Emirates NBD Group revealed its pioneering vision for the future of global banking at Expo 2020 Dubai. through its on-site presence ‘Future Banking by Emirates NBD and […]
UAE to launch treasury bonds with auction size of $408mln
The UAE is set to launch next month its domestic dirham-denominated treasury bonds with a benchmark auction size of 1.5 billion dirhams ($408 million). The first auction date, to be held in May 2022, will be announced soon, followed by a series of periodical auctions, the Ministry of Finance said in a statement on Wednesday. […]
Dubai hotel occupancy rate tops pre-Covid levels in Q4
The occupancy rate of hotels in Dubai during the fourth quarter of 2021 was 82 percent, compared to 63 percent and 80.6 percent during the same period in 2020 and 2019 respectively, a media report said. The easing of business closures and the decline in restrictions on international travel contributed to this, said the Central […]
Dubai residents can now reduce water, electricity bills with new smart tool
The Dubai Electricity and Water Authority (Dewa) has introduced a new tool that will allow residents to easily understand their consumption patterns and help reduce their utility bills. The Self-Assessment Tool, launched as part of Dewa’s Smart Living initiative, includes a survey on electricity and water consumption for customers to assess their consumption and learn […]
Abu Dhabi’s National Marine Dredging posts 146% rise in Q1 2022 net profit
Abu Dhabi-listed contractor National Marine Dredging Company (NMDC) recorded a 146 percent jump in its net profit for the first three months of the year, as it continued to diversify its business and expand global footprint. The company, which operates in the field of engineering, procurement, construction and marine dredging, achieved a net profit of […]