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

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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.

Etisalat announced that it has begun the final phase of trials on the advanced Long Term Evolution (LTE) network, in order to commercially launch the service in the third quarter of this year.

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