Super-sized solar projects have become increasingly common as developers can use the size to drive down costs. The first-ranked bidder offered a price of 1.35 cents per kilowatt-hour, the company said …
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Abu Dhabi Moves Ahead With Giant Solar Park After Getting Bids
A solar farm bigger than 4,200 soccer pitches will be built in the United Arab Emirates to supply power at what could be record-low prices.
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Covid-19: UAE’s ’10 million meals’ campaign exceeds target in one week
The campaign, led by Sheikha Hind bint Maktoum bin Juma Al Maktoum, chairperson of the board of trustees of the UAE Food Bank, has received donations from companies, humanitarian organisations, …
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Mideast Stocks: Banks aid Saudi index as FAB weighs on Abu Dhabi
Saudi Arabian stocks edged up on Tuesday, bolstered by banking, while weak earnings by top lender First Abu Dhabi Bank (FAB) weighed on Abu Dhabi. Saudi Arabia’s benchmark index added 0.2% amid choppy …
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Dubai hotels offer rooms as private single-use offices for Dh103 a day
Many offices in Dubai have reopened, but are limited to a 30 per cent occupancy. That means working from home is a a reality for many, for at least a while longer. But for those who are finding it …
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As virus cases rise, UAE adjusts to a new normal in pandemic
In a Dubai industrial park, workers weld, drill and build what one entrepreneur sees as key to the near future of this desert city-state …
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COVID-19 recoveries increase to 2,090 in UAE, 490 new cases identified
Following the complete recovery of 112 patients, the total number of patients in the country who recovered from COVID-19 has increased to 2,090, announced Dr. Amna Al Dahhak Al Shamsi, Official …
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How UAE Businesses Can Protect The Ecosystem While Navigating The COVID-19 Pandemic
While a healthy profit should be the goal of any business, cutting unnecessarily weakens the entire economic environment. In the UAE, where there are no direct unemployment benefits, there is …
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Coronavirus: UAE announces fee reduction for 94 services, up to 98% discount
The UAE Ministry of Economy has announced a reduction in fees for 94 services, of up to 98 percent, as part of efforts to mitigate the impact of the current coronavirus outbreak. According to a …
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Combating coronavirus: UAE reduces fees of 94 services
The UAE yesterday announced the slashing of fees across 94 types of services provided to individuals, companies and the business sector as part of efforts to mitigate the impact of Covid-19 pandemic.
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First Abu Dhabi Bank reports 22% slump in profit over coronavirus
First Abu Dhabi Bank set aside $201m in impairment charges, calling it prudent provisioning due to a challenging operating environment’ …
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UAE wages war on tiny scourge threatening date palms
Ajani looks proudly over his lush date plantation, which recently survived a plague of red weevils — a destructive insect wreaking havoc across the Middle East and North Africa. In Wiqan, located in …
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Dubai Likely to Start Opening for Tourists at Beginning of July
Dubai is likely to start opening up for tourists at the beginning of July after the coronavirus pandemic halted arrivals.
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UAE’s First Abu Dhabi Bank’s quarterly profit hit by impairment charges
First Abu Dhabi Bank, the biggest lender in the United Arab Emirates (UAE), reported a 22 percent drop in quarterly profit on Monday, hit by interest rate cuts and impairment charges. Its net profit …
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UAE instructs banks to freeze accounts of NMC founder Shetty, his family: Report
United Arab Emirates lenders have been told by the central bank to freeze the accounts of NMC Health shareholder BR Shetty and his family, three sources with knowledge of the matter said. NMC, which …
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UAE tells banks to freeze accounts of NMC founder Shetty, others: sources
United Arab Emirates lenders have been told by the central bank to freeze the accounts of NMC Health shareholder BR Shetty and his family, three sources with knowledge of the matter said.
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UAE firms may modify office designs following COVID-19: JLL report
Companies in the UAE could introduce modified workplace designs that reflect specific spatial requirements in light of the spread of the coronavirus, a recent report has stated. “Most companies will …
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