RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK), on Sunday signed a Memorandum of Understanding, MoU, with Neon Energy Green Building Construction Materials, a multinational German firm which focuses on energy-efficiency and renewable solutions. Neon Energy will assist the university throughout its participation in the 2018 Solar Decathlon Middle East competition, which will see AURAK ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted a workshop at its premises which focused on key features and requirements under the new UAE Commercial Companies Law. The workshop, organised by the Chamber in cooperation with Afridi & Angell Legal Consultants, was attended by Dubai Chamber members, lawyers and legal professionals, general managers, business owners, corporate ...

Dubai / Emirates Business The idyllic town woke up to a sparkling new day with the opening of Joyalukkas showroom in Damascus St, Al Qusais, Dubai. The all-new Joyalukkas Damascus St, Al Qusais showroom was inaugurated by Jassim Mohamed Ibrahim Alhasawi Altamimi – Director, Joyalukkas Jewellery, UAE and Mustafa Mohd Alshareef, Vice President Government & VVIP Dubai Region, Etisalat in ...

Bloomberg SolarWorld AG’s US unit joined a trade case asking the federal government to impose duties on low-cost imports that have fueled a nationwide boom in solar installations. The company, which filed a separate trade complaint that led to US tariffs on Chinese panels in 2012, became a co-petitioner in Suniva Inc.’s case before the US International Trade Commission. Suniva, ...

Bloomberg Egypt is selling $3 billion on international bond markets, taking advantage of lower borrowing costs after its economic policies earned the International Monetary Fund’s endorsement. The most populous Arab nation is offering more of the debt it issued in January, but at lower costs, according to person familiar with the deal, across maturities in 2022, 2027 and 2047. Six ...

Bloomberg There’s beautiful weather across most of Europe, which won’t please natural gas sellers. Mean temperatures in northwest Europe are set to be more than 20 degrees Celsius (68 Fahrenheit) this weekend, 5 degrees above the 10-year average. Same-day gas in the UK, a European benchmark market, has fallen for eight sessions, its longest declining streak in almost a decade. ...

Bloomberg Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the UK this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device that flies on air currents high above the ground and generates power ...

Bloomberg Energean Oil & Gas Group signed contracts to supply private Israeli power plants with natural gas, the first deals to compete with the partners who dominate the country’s energy industry. Greece’s Energean will supply as much as 23 billion cubic meters of natural gas from the Karish and Tanin fields offshore Israel to Dalia Power Energies Ltd. and Or ...

Bloomberg Sun Pharmaceutical Industries Ltd., India’s largest drugmaker, warned investors that sales could decline in the coming year amid downward pressure on generic-drug prices in the US and regulatory issues at one of its biggest factories. Revenue fell 6.6 percent to 71.4 billion rupees ($1.11 billion) in the three months ended March 31 from the same period a year earlier. ...

Bloomberg Chinese industrial profits rose 14 percent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan ($83.6 billion) last month, the National Bureau of Statistics said. That compares with a jump of 23.8 percent in March, and an 8.5 percent increase last year. Output in the world’s largest manufacturing nation is booming ...