Tag archive for ‘UAE’
By pharmanewsdaily On Saturday, January 23rd, 2021

UAE approves Russia-made Sputnik V Covid-19 vaccine

(adsbygoogle = window.adsbygoogle || []).push({}); The Russian Direct Investment Fund (RDIF) said that the Russian Sputnik V Covid-19 vaccine has been authorized for use by the UAE Ministry of Health More...

By Soujanya Ravi On Thursday, January 21st, 2021

Bank Audi sal to sell Egyptian subsidiary to First Abu Dhabi Bank

Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary – Bank Audi sae to UAE-based First Abu Dhabi Bank (FAB) for an undisclosed price. Bank Audi sae was launched following the acquisition More...

By businessnewstoday On Friday, November 27th, 2020

JinkoSolar to divest stake in 1.2GW Sweihan Power Station in Abu Dhabi

JinkoSolar has struck a deal to sell its stake in the Sweihan Power Station, a 1.2GW solar power plant in Abu Dhabi, to Jinko HK, an indirectly wholly-owned subsidiary of Jinko Power Technology (JinkoPower). The More...

By businessnewstoday On Tuesday, November 3rd, 2020

UK insurer Charles Taylor to acquire Cosulich Marine Consultants Group

UK-based insurance company Charles Taylor has agreed to acquire Lab Cosulich Consultants (LCC) and CMC Marine (together, Cosulich Marine Consultants Group) in a move to grow its marine capabilities in Europe, Middle More...

By businessnewstoday On Saturday, October 17th, 2020

Milkio Foods launches organic ghee product in Dubai

Milkio Foods, a New Zealand-based dairy products supplier, has formally rolled out its Milkio organic grass-fed ghee in Dubai, UAE. The organic ghee will be sold by UAE-based fruit and vegetable wholesaler Kibsons More...

By businessnewstoday On Sunday, August 2nd, 2020

Barakah Nuclear Energy Plant : Unit 1 of 5.6GW nuclear power plant in UAE commissioned

Nawah Energy Company, a joint venture between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), has commissioned Unit 1 of the 5.6GW Barakah Nuclear Energy Plant in the More...

By Soujanya Ravi On Wednesday, April 1st, 2020

Australian neobank Xinja Bank gets $274m investment from World Investments

Dubai-based World Investments will be investing AUD433 million ($274.94 million) in Australian neobank Xinja Bank. The financing will be done over a period of 24 months, with an initial investment of AUD160 million More...

By Raghuram Kadari On Thursday, September 12th, 2019

Huntsman opens polyurethane system house in Jebel Ali Free Trade Zone

Huntsman has opened its new polyurethanes system house in Dubai, the United Arab Emirates, to strengthen its downstream capabilities in the Middle East and North Africa. The new polyurethanes system facility located More...

By Soujanya Ravi On Tuesday, February 19th, 2019

ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum

US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The More...

By Soujanya Ravi On Saturday, February 16th, 2019

GE, Sumitomo to develop 1.8GW power plant in Sharjah, UAE

A consortium made up of GE, Sumitomo, Shikoku Electric Power and Sharjah Asset Management (SAM) have signed an agreement to develop, build and operate what will be the first independent combined cycle power plant More...