Business & Management

S&P on DEWA's improved credit quality


The upgrade of the note principally reflects Standard & Poor's (S&P) assessment that Dubai Electricity and Water Authority's (DEWA) stand-alone credit profile (SACP) which has improved.

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Masdar’s solar power plant becomes net exporter of energy to UAE



The largest photovoltaic (PV) plant in the MENA region located in Masdar City has hit all performance targets in the first two years of its operations and has become a net exporter of energy to to Abu Dhabi electrical grid, Masdar announced.

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Financial closure on Shuweihat 3 IPP project


The Shuweihat 3 Independent Power Plant (IPP) project reached financial closure after a delay which makes it the world's biggest power project financing this year.

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Saudi to build 16 nuclear reactors by 2030


Saudi Arabia will build 16 civilian nuclear reactors over the next 20 years at a cost of more than US$300 billion.

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Qatar economy gained in 2010


Official figures released by the Qatar Statistics Authority (QSA) showed that the construction industry was one of the biggest gainers in the last quarter of 2010 in its latest report.

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