Abu Dhabi’s Multiply Group to invest $100mn in DEWA IPO

Investment is the latest in a string of strategic acquisitions by the Emirati holding company. Multiply Group, the Abu Dhabi-based, technology enabled...

Commercial operations kick off at Unit 2 of Barakah Nuclear Energy Plant

Unit 1 and Unit 2 are now contributing 2,800MW of clean energy to the UAE’s national grid . The start of commercial...

Miral and DCT Abu Dhabi confirm that work on landmark Abu Dhabi Natural History Museum project will be completed by 2025

Iconic project will be a scientific research and teaching institution, and an educational resource for learning. Miral, the Abu Dhabi-based creator of...

Saudi land bridge project costs could rise to $26bn, minister warns

Contracts for megaproject expected to be signed withing a year, with implementation to take between five to seven years. A land bridge...

Losberger De Boer announces CSR and sustainability targets

Every division within the group has committed to becoming 100% paperless by 2023 and transition to a 100% single-use, plastic-free business by...

Dubai Waste Management Centre 60% complete says Dubai Municipality

By 2024 the facility will treat approximately 5,666 tonnes of solid waste across five burning lines daily. 62% of construction work has...

Empower awards $52.54mn contract for new generation district cooling plant in DLRC

Plant is scheduled to be operational by Q1 of 2023. Emirates Central Cooling Systems Corporation (Empower), the district cooling services provider, has...

Savills announces preliminary financial results for FY2021

Real estate advisory firm says group revenue rose by 23% to £2.15 billion. Savills, the international real estate advisor, has announced its...

S&P Global upgrades DAMAC rating as developer returns to growth

Ratings agency upgrades Dubai-based developer to B+ off the back of returning to growth and deleveraging . Dubai-based developer DAMAC Properties has...