Million-dollar missiles to cheaper drones: UAE defence group EDGE adapts to new threats
Regional conflict accelerates the firm's manufacturing plans for low-cost drone interceptors as demand grows for alternatives to expensive defence missiles
Business
Acwa, EIG plan $4bn equity investment in US power venture
Saudi Arabia’s Acwa and US-based EIG Management Co. have launched a joint venture named Plenum Power, targeting an initial equity commitment of $4 billion for US power generation and energy storage investments. With Acwa holding a 49% stake and EIG 51%, the partnership aims to leverage their combined expertise to capitalize on growth in the evolving US power market.
Business
Dh5,000 fine for 1-day delay: UAE firms rush e-invoicing deadline
Firms with revenue of Dh50 million and above face Dh5,000 monthly fines if they miss tomorrow’s e-invoicing deadline, but advisers say appointment is the first step
Business
Deception in your lease? Dubai's new rule could annul your contract
The principle arose after a landlord discovered that the company they signed a lease agreement with were involved in previous rental claims stemming from failure to pay amounts due, Rental Disputes Center said