Browsing: Sheikh Mohammed bin Rashid Al Maktoum

Business

Dubai to Host World Free Zones Congress in September

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai will host the 10th World Free Zones Organisation (World FZO) World Congress from 23-25 September at Madinat Jumeirah. This year’s theme is ‘Zones and the Shifting Global Economic Structures – Unlocking New Investment Avenues’, addressing global sector priorities.

Business

Mohammed bin Rashid Approves AED 30B ‘Tasreef’ Project

Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has given the green light to the ‘Tasreef’ project aimed at improving Dubai’s rainwater drainage network. With a total cost of AED 30B, the initiative stands as one of the emirate’s largest strategic infrastructure undertakings. ‘Tasreef’ will significantly enhance Dubai’s rainwater drainage capacity by 700%, covering all areas of the emirate.

Business

Moody’s Upgrades DEWA’s Credit Rating to A3 with Stable Outlook

Dubai Electricity and Water Authority (DEWA) has recently reported its highest ever first-quarter EBITDA of AED 2.6B ($710M, a 9 percent increase) and a record first-quarter consolidated operating profit of AED 995M ($271M, an 11.6 percent rise), leading to a rating upgrade from Moody’s.

Business

Wasl Announces One B Tower In Business Bay

Dubai-based real estate developer Wasl has unveiled the introduction of One B Tower, a novel upscale skyscraper located in a prime position offering scenic vistas of the Dubai Water Canal in Business Bay.