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DEWA International

China–UAE News
Source: UAE-China Chamber of Commerce (UECN)

Chinese Contractors Expand Solar, Storage, and Infrastructure Cooperation in UAE

Chinese engineering contractors have expanded their presence across clean energy developments in the UAE, as highlighted during ADIPEC in Abu Dhabi. Projects include PowerChina's 1.5-gigawatt Al Ajban solar plant and an integrated 2.1-gigawatt PV project with 7.75 gigawatt-hours of battery storage. In addition, DEWA International and Shanghai Electric signed an MoU to explore global energy, water, and green hydrogen investments.

China–UAE News
Source: UAE-China Chamber of Commerce (UECN)

Mamun Raises $3 Million to Fund Gulf–Greater Bay Area Trade Finance

Sharia-compliant trade finance platform mamun has raised a US$3 million seed round led by Phaze Ventures with participation from Jasoor Ventures. The capital will expand its AI-native underwriting infrastructure across the Greater Bay Area–Oman–UAE trade corridor. Approximately 40% of the platform's settlements currently clear through Hong Kong-based entities.

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