 
                            A major green energy scheme is one step closer to completion. On Wednesday, DEWA said the contract for a 200-megawatt concentrated solar power plant had been awarded to a consortium led by KPMG. The accountancy giant, engineering consultancy Mott MacDonald and law firm Ashurst will offer financial, engineering and legal expertise respectively. Ivano Iannelli, the CEO of Dubai Carbon, told ARN News how the facility will affect the emirate’s residents. Expected to be partly functional by April 2021, the 200-megawatt concentrated solar power plant will be based at Mohammed Bin Rashid Al Maktoum Solar Park, the largest project of its kind worldwide. Forming part of DEWA’s plan to increase the amount of clean and renewable power entering the grid, it is also in line with Dubai Green Energy Strategy 2050 and Dubai Plan 2021. Overall, it’s part of DEWA’s plan to increase the percentage of renewable and clean energy used in the emirate. Ianelli says consumers also have an important role to play and should start looking at utilizing energy more productively.

 ADNOC Distribution reports $579 million net profit in first 9 months
            ADNOC Distribution reports $579 million net profit in first 9 months
         TECOM Group’s 9-month shows 20% revenue growth
            TECOM Group’s 9-month shows 20% revenue growth
         DFM reports 212% increase in net profit before tax to AED930.8 million
            DFM reports 212% increase in net profit before tax to AED930.8 million 
         DMCC unveils plans for new financial centre
            DMCC unveils plans for new financial centre
         UAE cuts key interest rate by 25 basis points
            UAE cuts key interest rate by 25 basis points
         
                 
                 
                 
                