Thursday 30 June 2016
 
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Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

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Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

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Miral signs partnership deal with skyTran

UAE-based Miral has signed a deal with skyTran, a Nasa Space Act Company, to launch the study and implementation of skyTran, a personal rapid transit (PRT) system, for the first time in the Middle East on Yas Island, Abu Dhabi. Headquar

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Masdar consortium wins 800MW Dubai solar park bid

A consortium led by UAE-based renewable energy company Masdar including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group, has won the bid for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Sol

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Masdar consortium wins 800MW Dubai solar park bid

A consortium led by UAE-based renewable energy company Masdar including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group, has won the bid for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Sol

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Masdar seeks $800m loan for solar project

A consortium led by Abu Dhabi's Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai's solar park, the company's chief executive told reporters on Monday.

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RTA to open new Abu Dhabi-bound bridge

Dubai's Roads and Transport Authority (RTA) will open this Friday the Abu Dhabi-bound southern bridge on the Sheikh Zayed Road as part of the initial phase of the Dubai Water Canal Project. The bridge comprises eight lanes (si

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Brighton College Al Ain names new HM

Bloom Education, the education division of Bloom Holding, has appointed Dr Kenneth Greig as headmaster of Brighton College Al Ain, Abu Dhabi, UAE. Dr Greig brings to his new role a distinguished academic profile with a proven trac

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NRC headquarters project completed in Abu Dhabi

Abu Dhabi General Services Company (Musanada), has completed all the work related to the Dh285-million ($78 million) National Rehabilitation Center (NRC) headquarters project in Abu Dhabi. The facility, coming up over an a 100,000

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Abu Dhabi inks deal with Turkey financial institution

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Banking Regulation and Supervision Agency of Turkey (BRSA) have signed an agreement to bolster cross-border co-operation. The MoU is aime

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