DEWA commissions two new transmission substations
Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of AED180 million. DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables with a conversion transmission of 2,000 MVA, at total […]
Abu Dhabi’s GDP expands 11.2% in first half of 2022: SCAD
ABU DHABI – Statistics Centre – Abu Dhabi (SCAD) has announced statistical data that show expansion of Abu Dhabi’s Gross Domestic Product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the Emirate’s robust performance and the ability of the economy to maintain competitiveness […]
Gulf Capital opens its new global headquarters in ADGM
Gulf Capital, one of the largest private equity firms investing from the GCC to South and Southeast Asia, has opened its new global headquarters in the Abu Dhabi Global Market (ADGM). The company has also obtained an in-principle approval for an asset management licence from ADGM Financial Services Regulatory Authority. The new office […]
Arada launches 566 woodland villas within Sharjah megaproject
UAE developer Arada has announced the launch of the fourth phase of its mega woodland community development – Masaar – in Sharjah. Azalea features a total of 566 homes ranging from two-bed townhouses to six-bed villa units. Annoucing the project launch, Arada said the release of Azalea was brought forward due to the rapid sell-out […]
Rebound Plastic Exchange to support GCC to combat waste
Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to support GCC, which generates about 130 million tonnes of waste per annum, to achieve sustainable waste management. Currently, it is estimated that it will take $60-85 billion invested across four key value streams, plastic, concrete and cement, metal, and bio-waste […]
Brazil’s 10M exports to Arab world climb 25.71% to $14.47bln
Brazil’s exports to Arab countries jumped 25.71% to $14.47 billion during the first ten months (10M) of 2022, the Arab Brazilian Chamber of Commerce (ABCC) reported. The exports grew from $11.51 billion in 2021 to $14.47 billion from January to October this year. Brazilian exports to the UAE shot up 46.53% from $1.76 billion in […]
Marriott to open 4 properties in UAE in deal with RDK tourism
Marriott International has signed a deal with RDK Tourism Investment to open four properties in the United Arab Emirates (UAE). The signings are expected to further enhance the company’s footprint in Abu Dhabi and Dubai with the addition of more than 700 rooms across its Marriott Hotels and Resorts, Marriott Executive Apartments and Autograph Collection […]
Emirates reveals new biometric data scheme for Dubai airport flyers
Dubai’s long-haul operator Emirates Airline has partnered with the General Directorate of Residency and Foreigners Affairs (GDRFA) to speed up processing of visitors travelling through the Dubai International Airport (DXB). Under a newly signed agreement, Emirates passengers will be given the option to allow the use of their biometric data in order to speed through […]
e& and Ericsson partner to build more sustainable future networks
e& (formerly known as Etisalat Group) and Ericsson will explore initiatives aimed at reducing energy consumption and building more efficient and sustainable future networks. For this they have signed a Memorandum of Understanding (MoU) on the sidelines of the 27th Conference of the Parties of the UNFCCC (COP27) in Egypt. The three-year partnership […]
ADIB enhances Emiratisation drive at Tawdheef 2022
Abu Dhabi Islamic Bank (ADIB) today participated in the Tawdheef 2022 career fair. As the platinum sponsor of the event, ADIB has taken an active role in the development and recruitment of local Emirati talent. Tawdheef is the UAE’s leading event for employment for Emirati professionals. The platform is designed to help nationals […]