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  Dubai / WAM Arada, a Sharjah-based development company, has purchased the last remaining beachfront land plot on the Crescent of the world-famous, award-winning Palm Jumeirah, marking the fast-growing developer’s first project outside Sharjah and its entry into the Dubai property market. Valued at AED240 million, the plot has been bought from Nakheel, the master developer behind Palm Jumeirah. Located ...

  Bloomberg European natural gas prices fell, tracking Asian contracts lower, while Russia offered little clarity on volumes it plans to send to the continent next month. Gas giant Gazprom PJSC again opted not to book any extra pipeline space to ship the fuel westward through Ukraine during a monthly auction on Monday. In addition, Russia didn’t book any capacity ...

  Bloomberg North Korea test-launched two suspected ballistic missiles on Monday in its fourth rocket volley this year, turning up pressure on the Biden administration with its biggest string of tests since August 2019. South Korea’s military said North Korea fired what appeared to be two ballistic missiles into waters off its east coast at 8:50 and 8:54 am that ...

  Bloomberg Alphabet Inc’s Google said it would spend $1 billion to buy up its own London offices, keeping a major presence in the UK capital at a time when firms wrestle with how to manage employee work habits. The purchase and renovation of the Central Saint Giles complex it moved into in 2011 are being undertaken as the company ...

  Bloomberg Norway’s exports surged to a record last year, helped by higher demand for fossil fuels, fish and metals. Western Europe’s largest oil and gas exporter sold 1.38 trillion kroner ($156 billion) worth of goods abroad in 2021, a 77% increase that led to a full-year trade surplus of 531 billion kroner, also the highest ever, Statistics Norway said ...

  Bloomberg US home sales in December had their biggest plunge since the early months of the Covid-19 lockdowns as listings sank to record lows. Transactions fall 11% from a year earlier, the biggest annual decline since June 2020, according to a report by Redfin Corp. Demand is still fierce, but what’s holding back deals is a lack of inventory: ...

  Bloomberg Venezuela probably grew 4% in 2021, signalling an “economic recovery” in 2022, President Nicolas Maduro said in his annual state of the union speech, maintaining his firm grip for a ninth year on a mandate considered illegitimate by the opposition, the US and several European countries. “I can state that Venezuela, after five years of economic warfare, has ...

  ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with Korea International Trade Association (Kita), organised a Business Roundtable between Emirati and Korean businesses operating in the renewable energy and green hydrogen sectors, in line with the ongoing Abu Dhabi Sustainability Week 2022. The business roundtable witnessed the attendance of Honorable Moon Jae-in, President ...

  Dubai / WAM The production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park has increased from 300 megawatts (MW) to 330MW, announced Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa). This results from using the latest solar photovoltaic bifacial technologies with Single Axis ...

  Dubai / WAM Breakbulk Middle East (BBME), the region’s largest breakbulk and project cargo event, will host the ‘Women in Breakbulk Breakfast, as part of its commitment to increase the female participation. The forum will feature top female executives, who will discuss ways to overcome challenges they face in the sector. They will also offer insights and tips to ...