UAE: Dnata Catering boosts its presence in Australia

    dnata, a leading global air and travel services provider, has expanded its retail catering footprint in Australia, by winning a multi-year contract with the country’s newest airline Bonza to support its operations and services – including the delivery of the airline’s on-demand 100 percent Australian menu. dnata said its global experience and comprehensive, […]

Mashreq Bank provides $15.5bln of sustainable finance and adaptation-related investments

      Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated $15.5 billion of sustainable finance and adaptation-related investments. In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory […]

Abu Dhabi-based Borouge’s new polyolefins complex in Ruwais to start operations in 2025

  Abu Dhabi-based Borouge has said that its ‘Borouge 4’ polyolefins complex in Ruwais is set to begin operations in 2025 and work is progressing as planned. Borouge manages the project, which is co-owned by UAE’s ADNOC and Austria’s Borealis, the company said in a statement. The complex will add 1.4 million tonnes of polyethylene capacity, […]

Smart Ball technology saves 130mln gallons of water: DEWA

      Dubai Electricity and Water Authority (DEWA) has revealed that its Smart Ball technology has provided significant results in detecting leaks in water transmission underground pipelines. These are usually difficult to detect using traditional leak noise logging techniques due to depth. Since its utilisation in April 2021 and until the end of 2022, […]

Abu Dhabi gets its largest solar rooftop project at Warner Bros. World Abu Dhabi

  Abu Dhabi-based destination company Miral and Emerge, a joint venture of Masdar and French multinational utility company EDF, inaugurated the 7-megawatt peak (MWp) rooftop solar photovoltaic (PV) project at Warner Bros. World Abu Dhabi theme park, located on Yas Island. The rooftop solar photovoltaic project is Abu Dhabi’s largest solar rooftop plant and makes […]

Asset growth in UAE’s banking sector likely to be sluggish in 2023

  The UAE banking sector’s asset growth is expected to be sluggish in 2023 as the demand for credit may slow down due to further monetary tightening, professional services firm Alvarez & Marsal (A&M) said in a new report. Oil-sector may face production cuts as agreed upon by OPEC, but the non-oil sector is likely […]