Business & Management

S&P on DEWA's improved credit quality

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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

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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

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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

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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

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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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