Standard & Poor's Ratings Services assigned a 'BBB-' long-term corporate credit rating to Dubai Electricity and Water Authority (DEWA), the public provider of electricity and water services. S&P set their outlook for DEWA as stable.
Etihad Rail signed a strategic 'Memorandum of Understanding' (MoU) with du that will see both companies collaborate on the telecommunications front for the upcoming national freight and passenger railway network.
A recent national poll conducted by the Emirates Nuclear Energy Corporation (ENEC) revealed that the UAE public continue to support the UAE?s nuclear energy program.
?
The Tiger Group was recently awarded ?Best Smart Pay Employer? at the UAE Smart Pay Appreciation Programme 2010.
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.
Alain Charles Middle East FZ-LLC
Office 112, Loft No 2B,
Dubai Media City,
UAE
T: +971 (0) 4 448 9260
W: www.alaincharles.com