OTTAWA, June 22, 2017 /CNW/ – Export Development Canada (EDC) today announced USD 72 million in financing within the larger USD 655 million senior project finance banking facilities for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park (Solar Park …
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Dubai’s solar market continues to set records
While, as observers of the region’s energy market will know, the 9.45$c/kWh bid received from Saudi Arabia’s Acwa Power is significantly higher than the sub-3$c/kWh bids received in 2016 for major photovoltaic (PV) solar projects in Dubai and Abu Dhabi …
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EDC commits $72-million in financing for Canadian Solar project in Dubai
Export Development Canada has committed $72-million (U.S.) in financing for Canadian Solar Inc.’s participation in Dubai’s massive Solar City project, as the federal corporation moves to expand its support for the country’s growing clean-technology …
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WhatsApp video, voice calls available in UAE
Dubai: WhatsApp video and voice calls went live in the UAE — quietly and no fanfare or official announcement, at first — to the pleasant surprise of mobile phone users in Dubai. Many confirmed to Gulf News they can now use the features on the popular …
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UAE warned US it could end intelligence cooperation over 9/11 victims claims
The United Arab Emirates suggested it might withdraw intelligence cooperation with the US in an attempt to block legislation allowing families of September 11 victims to sue Saudi Arabia and UAE for compensation. Leaked emails seen by the Telegraph show …
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Abu Dhabi Police save man from online blackmailers
Abu Dhabi: The Abu Dhabi Police saved a 50-year-old Gulf national from online blackmailers who demanded money from him for not posting his indecent videos on social media. The cyber criminals in a foreign country had taken the victim’s indecent videos …
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Why Dubai is embracing electric, driverless transport
That mindset has long been embraced by Dubai and the UAE in general. http://gulfnews.com/business/analysis/the-uae-s-ambitions-for-its-energy-mix-1.1963763 As half of cars rolling out of assembly lines around the world will have self-driving features in 10 …
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Taste of home: Punjabi iftar in Dubai
Dubai: Dubai resident Chaudhary Noor Ul Hassan Tanvir has foodstuff flown in from his farm in Pakistan so the family can enjoy a taste of home in Ramadan. Tanvir, who runs a construction company and heavy equipment rental business in Dubai, hails from …
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Trump’s Dubai business partner signs Oman development deal
The Trump Organization’s business partner in Dubai has signed an agreement to help develop a waterfront project in Oman valued at $1 billion. The state-run Oman News Agency reported that DAMAC Properties chairman Hussain Sajwani signed the deal in Muscat …
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“Unlawful” sukuk threaten Dubai’s Islamic finance ambitions
* Dana Gas seeking to have $700 mln sukuk declared invalid * Says Islamic finance has evolved since they were issued * Could increase perceived risk of sukuk issued in UAE * Dana seeking ruling in UAE court * Creditors would prefer English courts By …
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Aldar Properties : ADX marginally rises at Tuesday’s open
The Abu Dhabi Securities Exchange (ADX) saw a positive performance in Tuesday’s early trades. The main index rose 0.09% or 3.96 points to reach 4,495.25 points by 11:05 am UAE time. The real estate sector grew 0.66% as Aldar Properties went up 0.85%.
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Aldar Properties : Developer Aldar on track with Reem Island projects
Abu Dhabi-based developer Aldar is on track with the construction … which will add to the 5,000 homes already within its leased residential portfolio. [[banner]] Residential properties include The Bridges, mid-market homes featuring studios to three …
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Dubai is embracing electric, driverless transport big time
Dubai is on a roll to become one of the early adopters. It is introducing electric, driverless transport in a big way and ahead of the world’s major cities. These are the number of ways that Dubai — which lies at the heart of global fossil fuel trade …
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Dubai and Abu Dhabi turn costlier for expats
Dubai: Dubai and Abu Dhabi have moved up in the rankings for … such as limitations to certain benefits (medical insurance, for example), caps on business expenses, travel restrictions, and, ultimately, softer annual salary increases than in previous …
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Thousands of UAE residents take part in Yoga Day
Dubai: The love for yoga united thousands of residents from different nationalities and faiths at various venues across the UAE on Tuesday night. Despite the heat and humidity, men, women and children enthusiastically took part in the 3rd International …
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Municipality to donate 100,000 Dubai Lamps
Dubai: Dubai Municipality has allocated 100,000 lamps from Dubai Lamp free of charge to housing projects as part of its Year of Giving initiatives, the civic body announced on Tuesday. The move is part of the municipality’s community responsibility …
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UAE’s new bankruptcy law needs testing
The UAE introduced a new stand-alone bankruptcy law in December … As regards the former, the new law incentivises SMEs to be more proactive if they want to continue with their business and to put in place viable restructuring plans to do so.
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