Press Dossier   By Date  25/03/2021
Sheikh Hamdan envisioned a progressive UAE economy
The UAE economy today has earned the status of being very progressive both in the region and globally with its diversified strategy fuelling the development and growth for five decades.
ADCB proposes Dh1.878b in cash dividends
Abu Dhabi Commercial Bank (ADCB), the third-largest financial institution by assets in the UAE, said on Wednesday that it had proposed a cash dividend of Dh0.27 per share, translating to a pay-out of Dh1.878 billion, or 49 per cent of the net profit for 2020.
Taqa’s to invest Dh40b; eyes major boost in power capacity by 2030
Abu Dhabi National Energy Company, Taqa, unveiled on Wednesday a 10-year strategy that involves an additional investment of Dh40 billion as well as a substantial boost to gross power and water desalination capacity.
Abu Dhabi’s Taqa to invest $10 billion at home and expand in Saudi Arabia
Abu Dhabi energy giant Taqa has unveiled is set to invest 40 billion dirhams ($10.88 billion) in the UAE as it boosts solar projects and reduces exposure to hydrocarbons.
Abu Dhabi’s Mubadala in £1 billion UK life sciences deal
The UK Office for Investment (OfI) and Abu Dhabi’s Mubadala Investment Company have struck a £1 billion ($1.38 billion) life sciences deal.
PPP would save $2.9bn on Kuwait Metro say officials
Kuwait would save billions of dollars if it built its planned metro using private finance instead of using traditional procurement, according to the Kuwait Authority for Partnership Projects (KAPP).It conducted a study comparing the life cost of the massive project if it was built through a public-private partnership compared to a traditionally tendered approach, the Al Anba newspaper reported.
China eyes free trade agreement with the Gulf states
China wants to reach a free trade agreement with the GCC states, Chinese Foreign Minister Wang Yi told Al Arabiya on Wednesday, on the sidelines of his visit to Riyadh.
UAE’s Sharjah real estate group begins construction of $58m community project
Sharjah-based Alef Group has started construction of an 818,00 square feet development valued at 213 million dirhams ($58 million).
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