Dubai / Emirates Business HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inaugurated on Monday the second Global Solar Leader’s Summit, which took place at Dubai World Trade Centre on September 19. The Summit highlighted the latest techniques in solar energy, and was attended by HE Dr Matar Al Neyadi, Undersecretary of ...

  Dubai / Emirates Business Emirates National Oil Company (ENOC) revealed plans to expand the capacity of its ENOC Processing Company (EPCL) Jebel Ali facility by 50 per cent. The expansion project comprises three separate packages at an estimated value in excess of US$1billion. The expected date for commercial production is Q4 of 2019. The main package of the project ...

  Abu Dhabi / WAM The Abu Dhabi Water and Electricity Authority (ADWEA) and Abu Dhabi Water and Electricity Company (ADWEC) announced on Monday that six pre-qualified bidder consortia submitted proposals for the Solar PV Independent Power Project at Sweihan, in the Emirate of Abu Dhabi, following five months of bid preparations. The project will comprise, inter alia, the development, financing, ...

  Dubai / Emirates Business The Middle East’s biggest ever hospitality event is set to launch in 2017 to support accelerated industry growth in the run up to Expo 2020. ‘Dubai International Hospitality Week’ – organised by Dubai World Trade Centre (DWTC) and dmg events – will bring together dmg’s The Hotel Show with the launch of DWTC’s GulfHost. The ...

  Dubai / Emirates Business Paladion, a leading security services provider in the Middle East has said that the fastest-growing area of cybercrime has developed into a $1 billion-a-year industry complete with customer care departments set up to secure payments from victims of ransomware attacks. Cyberattacks using ransomware – a form of malicious software that allows criminals to encrypt personal ...

  AFP Global stock markets rallied on Monday, with all eyes on central bankers ahead of key meetings in the United States and Japan later in the week. Concern that years of cheap cash could be coming to an end has roiled markets this month, with conflicting comments from top US Federal Reserve officials over the need for an interest ...

  Reuters Stock markets in the Gulf diverged in early trade on Monday, with Qatar’s index pulling back ahead of the inclusion of some companies in FTSE’s secondary emerging market index, while Dubai advanced as global risk sentiment improved. Qatar’s index retreated 1.8 percent, wiping out Sunday’s 0.4 percent gain. Nine-tenth of the shared that were trading declined. Shares in ...

  Damascus / AFP Syria’s armed forces said on Monday that a week-long ceasefire brokered by the United States and Russia was over, blaming rebels for the failure of the truce. US Secretary of State John Kerry said meanwhile that the terms had not been met for a key aspect of the deal — US-Russia cooperation against extremists in Syria. ...

  Paris / AFP Western governments need to tackle a growing anti-migrant backlash by helping newcomers integrate faster, the OECD said, following a sharp increase in immigration to its member states. The Organisation for Economic Cooperation and Development, a grouping of mostly developed economies, said around 4.8 million people migrated to member countries in 2015 — up 10 percent in ...

  Istanbul / AFP President Recep Tayyip Erdogan said on Monday that Turkey could create a 5,000-square-kilometre (1,900 square-mile) safe zone in Syria by pushing further south in its military operation in the country. Turkey launched its operation in northern Syria on August 24, sending in tanks and special forces to support opposition fighters in a bid to remove IS ...