‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
OneConnect enters Abu Dhabi Global Market
Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda
Islamic Development Bank raises $1.6b from Sukuk issuance
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc
The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022
Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Dubai to unveil METADAFZ for better metaverse experience
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
Google seeks to enhance smartphone credentials with Pixel 7
The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that...Priced at $599 in the United States, the Pixel 7 is being positioned as relatively affordable as the latest versions of the iPhone and Samsung Galaxy are both around $800
The upgraded system also can translate language in real-time, including idioms, and transmit more nuanced photos of different skin tones
Meta warns of password stealing phone apps
So far this year, Meta has identified more than 400 "malicious" apps tailored for smartphones powered by Apple or Android...The apps often ask people to login with their Facebook account information to use promised features
Meta said that it shared what it discovered with Apple and Google, who control what is offered at their respective app shops
Deal reached for civil aviation to try for net-zero emissions by 2050
The assembly, which brought together representatives from 193 nations at the International Civil Aviation Organization (ICAO) headquarters in Montreal, reached...The agreement, however, was far from satisfying for some NGOs expressing regret it didn't go far enough and was not legally binding
The air transportation industry has faced growing pressure to deal with its outsized role in the climate crisis
OPEC+ output cut ‘a snub’ to Biden and United States
While Saudi Arabia has said it does not use oil as a political tool, US experts see this as a...The move may have ‘serious consequences’ for Saudi Arabia and irreparable damage to its relationship with the Biden administration, warn analysts
Economists in Europe, meanwhile, worry that the OPEC+ decision to cut oil production will deepen the continent’s economic and energy woes
Delegations from France, Italy visit Expo Center Sharjah
Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...The meetings were held on the sidelines of the 50th edition of the Watch & Jewelry Middle East Show.
The delegations toured the exhibition and looked into ways to work with the center.
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ADNOC Distribution 2025 dividend $700m
The company had reported EBITDA of $1.17 bn in 2025.
Empower okays $119.1m H2 2025 dividend
The dividend is equivalent to 43.75% of paid-up capital.
Alujain widens 2025 loss
The increase in loss is due to impairment charges, weaker prices.
Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
