Abu Dhabi Fund for Development finances 31 projects in Jordan worth Dh5.7b

In a report issued by ADFD to mark Jordan’s 71st Independence Day, the Abu Dhabi Fund for Development announced that by end-2016, it provided financing for 31 development projects with a cumulative value of Dh5.7 billion through government grants and concessionary loans. The projects covered several sectors, namely mining, water and irrigation, transport, housing, agriculture, energy, education and health care. Their constructive cooperation aims to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population. ADFD manages the $1.25 billion (Dh4.6 billion) UAE government contribution to the…

Read More

Start Your Chargers: Tesla Model 3 Pre-Orders Begin March 31

Tesla’s entry-level $35,000 Model 3 electric car will be available for pre-order on March 31, chief executive Elon Musk announced Thursday on Twitter. The tweets by the billionaire followed a note in the company’s earnings release on Wednesday that the Model 3 is on schedule for deliveries in late 2017. Tesla plans to begin installing production machinery this year. In his tweets, Musk said consumers could begin pre-orders next month with a $1,000 deposit. He also confirmed the rumored $35,000 price tag. The Model 3 is Tesla’s entry-level offering, whereas…

Read More