DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) visited the hydroelectric power station in Hatta to review work progress of the project, which is the first of its kind in the GCC region. According to Dewa, the 250MW station will generate electricity by making use of the water stored in Hatta ...

DUBAI / WAM DMCC, the Free Zone and Government of Dubai Authority on commodities trade and enterprise, will host six diamond tenders in its Dubai Diamond Exchange, the world’s largest diamond tender facility, in January. This follows a record-breaking tender hosted in December 2020, which saw the largest ever rough diamond tender sales in the UAE, in a sign that ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 156,520 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 2,067 new coronavirus cases, bringing the total number of recorded cases in the UAE to 218,766. The ministry also noted that an ...

Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) has announced the resumption of desert tours and related activities in the emirate with strict implementation of the precautionary measures and guidelines issued for desert tours and Sharjah tour operators. This latest decision comes as part of the efforts to resume the tourism activities in the emirate at a ...

There’s more at stake in Tokyo’s prospective emergency measures to contain the coronavirus than the fate of the metropolis’s great restaurants. Bullish scenarios for a muscular global economic rebound may have to be reassessed. The International Monetary Fund has penciled in world growth of 5.2%, and a 6.9% boost for Asia. Morgan Stanley predicted a global gain of 6.4%. But ...

European countries have long prided themselves on their strong welfare states, including public-health systems. They are also convinced that the state has a big role to play in fostering the recovery after the pandemic. The painfully slow rollout of Covid-19 vaccines across the European Union is undermining any claims that government knows best, whether at a national or supranational level. ...

A red-hot trend in the car industry is for new entrants such as Fisker Inc to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer. Increasingly, cars are judged on their software and electronics so why bother wasting time and money on metal bashing? If Apple Inc is indeed seriously considering launching its ...

In the biggest British retail deal of 2020, billionaire entrepreneurs Mohsin and Zuber Issa and private equity firm TDR Capital were the surprise winners of a majority stake in UK supermarket Asda, valuing it at 6.8 billion pounds ($9.3 billion). That augurs well for more supermarket mergers and acquisitions this year. Several other private equity groups considered taking control of ...

Bloomberg Airlines kicked off 2021 by shrinking their already meager UK schedules, prompted by a new coronavirus lockdown and the prospect of further restrictions on travel abroad. EasyJet Plc, Britain’s biggest discount carrier, pared back its flying program to prioritise essential connections between key UK cities and “a small number of international routes.” British Airways said it’ll keep crucial links ...

Bloomberg Nykaa E-Retail Pvt is planning an initial public offering as soon as this year that could value the Indian online cosmetic retailer at a minimum $3 billion, according to people familiar with the matter. The startup founded by Falguni Nayar, a former investment banker, is working with advisers to prepare for the share sale in Mumbai, the people said. ...