EWEC to conduct its Q2 2023 Clean Energy Certificates auction

Emirates Water and Electricity Company (EWEC) has announced the Q2 auction for Clean Energy Certificates (CECs), which is set to be conducted in Abu Dhabi, with registration now open and the auction closing on 14th June 2023. As the registrant and auction operator, EWEC is responsible for implementing the CECs scheme. It offers a viable […]

Pay UAE fines, clear vehicle testing: 4 traffic services some residents can avail of from home in Ajman

The Ajman Police are reminding senior citizens and people of determination that they can easily avail of a number of traffic services without having to leave their homes. Authorities have been running the ‘For Your Service’ initiative in the emirate, catering to the needs of these two groups who may find online portals and smart […]

Benya Group, UAE’s Khazna to build $250mln hyperscale data center in Egypt

The digital solutions provider Benya Group has signed a memorandum of understanding (MoU) with the UAE-based wholesale data center provider Khazna Data Centers to build a 25-megawatt (MW) hyperscale data center at Maadi Technology Park with $250 million in investments, the General Authority for Investment and Free Zones (GAFI) stated on May 5th. As the […]

Dubai: Fintech helps DIFC grow faster than emirate’s overall economic growth

  Financial technology (popularly known as Fintech) has become a major growth driver for the Dubai International Financial Centre (DIFC), helping it to grow faster than Dubai’s overall growth rate. Essa Kazim, governor of DIFC, said the financial centre has become a major engine of growth for the emirate’s economy and a significant contributor to […]

India seeks investments from Abu Dhabi’s ADIA, Mubadala

India is seeking investments from Abu Dhabi Investment Authority (ADIA) and Mubadala in several areas, including renewable and digital sectors, said Secretary in India’s Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh. The official was in the UAE and held meetings with the senior officials of the two Abu Dhabi entities, […]

Azizi launches new residential project at Dubai Studio City

UAE-based Azizi Developments has announced the launch of its key residential project – Azizi Vista – a modern low-rise building at Dubai Studio City featuring a mix of studio, one- and two-bedroom apartments. The luxury development, which is scheduled for completion by Q4 2024, will boast aesthetically planned social areas, two swimming pools, children’s play […]

Dubai DEWA’s consolidated profit rises 10% to $208mln in Q1 2023

Utility provider Dubai Electricity and Water Authority (DEWA) reported a consolidated net profit of 763 million UAE dirhams ($207.78 million), up 10.4% year-on-year (yoy), in the first quarter of 2023. The first-quarter consolidated revenue rose 7.3% year-on-year to AED 5.44 billion, fuelled by higher demand for electricity, water, and cooling services, the company said in […]

UAE’s National Properties launches 399 Hills Park project

National Properties, the real estate subsidiary of National Bonds Corporation, announced on Monday the launch of 399 Hills Park luxury residential project in Dubai Hills Estate at a investment of one billion UAE dirhams ($272.32 million) The project is scheduled for completion in the fourth quarter of 2025, the developer said in a statement. The name of the […]

Emirates SkyCargo to double capacity, add 20 new cities

   Emirates SkyCargo has added 2 Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market. The cargo division of Emirates, the world’s largest international airline, is expecting 15 more freighters to join its fleet from announced orders and its freighter conversion programme, plus a boost in belly-hold capacity from […]

UAE’s ADFD supports $320mln water supply project in Mauritania

Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to help finance a project aimed at providing potable water to the city of Kiffa ADFD’s funding for the $320 million project, which will source and supply water from the Senegal River, is $30 million (110 million UAE dirhams). The […]