DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has initiated a collaboration with the British Standards Institute (BSI) to set the world’s first Publicly Available Specification (PAS) standard that would document best utility risk management practices for the electricity and water sector. This move comes as part of Dewa’s efforts to consolidate its global positioning and achieve its vision ...

DUBAI / Emirates Business The Dubai Government Workshop (DGW) has revealed the signing of a strategic Memorandum of Understanding (MoU) with Arabian Automobiles, a part of the AW Rostamani Group. Under the terms of the newly-signed agreement, maintenance services will be provided to Nissan vehicles at the DGW’s workshop facilities in collaboration with Arabian Automobiles. HE Humaid Sultan Al Mutaiwee, ...

Bloomberg The UK’s largest solar company has set its sights on becoming a global player now that it’s owned in part by one of the world’s oil majors. “Going forward, this industry will move forward from a cottage industry almost, to an industrialised industry,” Chief Executive Officer Nick Boyle said. “There will be a small number of worldwide players. We ...

Bloomberg Pipeline giant Enbridge Inc. agreed to buy all outstanding shares of Spectra Energy Partners LP in a deal aimed at streamlining its corporate structure in the wake of US tax changes. The agreement to acquire its master limited partnership is valued at $3.3 billion, based on the closing price of Enbridge shares in New York trading. It follows by ...

Bloomberg Exxon Mobil Corp. has been looking to buy renewable energy for delivery in Texas, according to people familiar with the matter. The largest US oil company sent out a request for proposals with a June 8 deadline, inviting solar or wind power suppliers to pitch contracts that would last 12, 15 or 20 years, according to a document obtained ...

Bloomberg China Three Gorges New Energy Co., a state-owned clean energy developer, received approval to build a 400 megawatt offshore wind farm in the nation’s southern province of Guangdong. The Yangjiang project will include 73 turbines with a capacity of 5.5 megawatts each, the company said in a statement on its website. The farm is expected to generate 1.49 billion ...

Bloomberg Donald Trump’s surprise about-face on his top diplomat’s trip to North Korea—just a day after it was announced—reinforced a sense of drift in the administration’s strategy since the president proclaimed a June summit with Kim Jong-un an historic success. The tweets cancelling a visit to Pyongyang by Secretary of State Michael Pompeo cited a lack of “sufficient progress” in ...

Bloomberg President Donald Trump said he wants Jeff Sessions to look into corruption on the “other side” of the Russia investigation that he regularly derides as a witch hunt, as the row between the two men threatened the attorney general’s job security. Trump’s call came the day after Fox News aired an interview in which the president bashed Sessions by ...

Bloomberg The US announced details of limited new sanctions against Russia over the March poisoning in the UK of a former Russian agent and his daughter, the latest sign relations between the former Cold War foes continue to deteriorate. Restrictions released by the State Department target remaining sources of foreign assistance and arms sales to Russia, and deny any US ...

Bloomberg The US has told Russia it is ready to take strong military action against Syria if President Bashar al-Assad uses chemical weapons to recapture one of his country’s last rebel-held areas, according to four people familiar with the discussions. US officials say they have information Assad may be planning a chemical attack in the northwestern province of Idlib. At ...