The 300 megawatt (MW) second stage of Dubai’s mega Mohammed bin Rashid Al Maktoum Solar Park will be operational in late June, the Dubai Water and Electricity Authority (DEWA) has confirmed. ... ( read original story ...)
GE obtains $1bn financing for Sharjah’s First Independent Combined Cycle Power Plant
Co-developers GE Energy Financial Services (“GE EFS”) and Japan’s Sumitomo Corporation (“Sumitomo”) along with Shikoku Electric Power Company and Sharjah Asset Management (“SAM”), the investment arm ... ( read original story ...)
Developers secure $1bn financing for Sharjah power project
Developers have secured about $1 billion in financing for a 1.8 gigawatts (GW) power project in Sharjah. Co-developers GE Energy Financial Services (GE EFS) and Japan’s Sumitomo Corporation, along ... ( read original story ...)
Economic Survey Project Launched To Analyse Sector-By-Sector Growth Of Sharjah
The Sharjah Department of Statistics and Community Development, DSCD, has rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communities ... ( read original story ...)
Abu Dhabi’s waterfront leisure project Al Qana to open in Q4 2020
Abu Dhabi’s upcoming 2.4km long leisure and dining waterfront project Al Qana is scheduled to complete by Q4 2020, with developer Al Barakah international Investment revealing during a site tour that ... ( read original story ...)
Saudi Arabia fines 16 banks, including UAE bank
Saudi Arabia's central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom's largest banks, for violating its laws and asked all the lenders to correct the violations. The Saudi ... ( read original story ...)
Abu Dhabi’s mixed-use leisure project set for 2020 opening
Work is in full swing on Abu Dhabi’s exciting new social dining and entertainment ... will make Al Qana such an exciting lifestyle destination," he added.-TradeArabia News Service ... ( read original story ...)
UAE energy minister hints at support for oil production cuts
JIDDAH, Saudi Arabia — The United Arab Emirates’ energy minister says he does not think relaxing the oil production cuts in place is the right measure. Suhail al-Mazrouei spoke to reporters ... ( read original story ...)
Sharjah Police receive delegation
Brigadier General Arif Mohammed Al Sharif, Director General of Human Resources and Support Services Department of Sharjah Police, received teachers and students from the Faculty of Fine Arts of the ... ( read original story ...)
MIDEAST STOCKS-Dubai ends lower on property, banking as Gulf markets mixed
DAMAC Properties, which on May 15 reported its ... representing an aggregate weight of 1.42% in the MSCI Emerging Markets Index. Abu Dhabi's index rose 0.3%, recovering from early losses in ... ( read original story ...)