Tag: Economy

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of its achievements during the first nine months of 2024, which include supporting the expansion of local companies into promising global markets and attracting foreign direct investment to the emirate.

Dubai International (DXB) is on track for record-breaking annual traffic following an impressive performance in the first nine months of the year. By the end of September, DXB had welcomed 68.6 million guests, a growth of 6.3% compared to the same period in 2023.

Abu Dhabi National Energy Company (TAQA) together with JERA Co., Inc, Japan's largest power generation company and Al Bawani Capital, a subsidiary of AlBawani Holding, announced that they have entered into two 25-year power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) on a build, own and operate basis, to develop two new greenfield combined cycle gas turbine (CCGT) power projects with a total power generation capacity of over 3.6 GW in Saudi Arabia.

Mariam Almheiri, Head of International Affairs at the Presidential Court, has affirmed the importance of partnerships and technological breakthroughs in transforming food systems for a changing climate, during her participation in a series of pivotal events as part of COP29 in Baku.

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), held the UAE- Kenya Trade and Investment Forum in Nairobi, Kenya on Monday, during the first stop of its trade mission to Kenya and Uganda.

The “MIHAS@Dubai” Halal Food Expo will be held on November 18th at the Dubai World Trade Centre, as the Malaysia External Trade Development Corporation (MATRADE), the organisers, aims to achieve export sales worth US$250 million during the three-day event.

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and Saudi Arabia-based Delmon Industrial Complex have announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art plant in ICAD III (KEZAD Musaffah) area to serve the requirements of the oil and gas industry.

Emirates Water and Electricity Company (EWEC) today opened registration for its Q4 2024 Clean Energy Certificates (CECs) auction. The auction is scheduled to close on 13th December 2024.

Emaar Development, the UAE’s premier property development company specialising in build-to-sell assets and majority-owned by Emaar Properties, maintained strong momentum during the third quarter of 2024.

Dubai Electricity and Water Authority (DEWA) has announced that its pumped-storage hydroelectric power plant that it is implementing in Hatta is 94.15 percent complete, with generator installations currently underway in preparation for a trial operation in the first quarter of 2025.