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.
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