Indian rupee declines against UAE dirham, tracks domestic equities
The Indian rupee depreciated four paise to 82.83 against the US dollar (22.57 versus the UAE dirham) in early trade on Wednesday, weighed down by a muted trend in Indian equities. However, fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the rupee, forex traders […]
Dubai-listed Empower to invest $122.5mln in DMC cooling services
Dubai-listed district cooling company Empower will invest AED 450 million ($122.5 million) to supply services to Dubai Maritime City (DMC). The company revealed in a statement to Dubai Financial Market (DFM) that it had signed a contract for a project with cooling capacity of 63,000 refrigeration tons (RT), the first since Empower’s listing on Dubai […]