ACWA Power sells stake in IWSPP for $225mn

The sale was part of the firm’s capital recycling strategy as it had 99% shareholding in the project. Acwa Power has said...

Emaar’s Q1 revenue reaches US $1.8bn

Extremely strong start for 2024 includes 16% growth on profitability year-on-year. Dubai developer Emaar Properties showed consistent performance across its various businesses...

Drake & Scull International finalises restructuring

Subscription for new capital exceeds expectations by 150%, with shares due to resume trading on 20 May. Drake & Scull International (DSI)...

DEWA and Acwa Power announce financial close on 180 MIGD RO desalination plant

The project is expected to play a crucial role in Dubai’s plan to produce 100% of its desalinated water by 2030 from...

Government commits new capital to RAK Properties

Increased strategic shareholding allows issue of 920 million new shares, along with a promise of prime land at premium prices. At its...

Dubai’s Department of Finance approves $10bn in PPP projects

The CPF programme for managing the PPP ecosystem performance within the Government of Dubai revolves around five strategic objectives. A portfolio of...