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DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that Dewa has attracted investments of around AED 40 billion using the Independent Power and Water Producer (IPWP) model, which it uses in a number of its key power projects. Al Tayer made these remarks during his keynote speech at the Dubai ...

Dubai / WAM President Dr Arif Alvi of Pakistan said that his country is a beautiful mix of different cultures, ethnicities and civilisations, highlighting the need for projecting its positive image as a peaceful country. In an interaction with media personnel after the formal inauguration of the Pakistan Pavilion at the Dubai Expo 2020, President Alvi said the country was ...

Dubai / WAM The Mexican Pavilion at Expo 2020 Dubai embodies the authenticity of Mexican culture and heritage and reflects the important role of women in Mexican society. In a statement to the Emirates News Agency (WAM), Martha Jaramillo, Commissioner-General of the Mexican Pavilion at Expo, said, “The facade of the Mexican Pavilion was woven by 200 Mexican artisans from ...

Dubai / WAM Under the patronage of Dr. Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, Awadh Seghayer Al Ketbi, Director-General of Dubai Health Authority, officially inaugurated the 9th edition of the Dubai Otology, Neurotology and Skull Base Surgery Conference and Exhibition (Dubai Otology) on Sunday at Dubai World Trade Centre. The three-day conference, which ...

Bloomberg The energy crisis, the coming winter weather and the release of pent-up pandemic demand have sent nations scrambling to stockpile fossil fuels, a move that portends a rebound for global carbon dioxide emissions this year. The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5° Celsius. China, India and other developing ...

Bloomberg Taiwan President Tsai Ing-Wen said the island is facing “unprecedented challenges” and will defend its sovereignty, pushing back after Chinese leader Xi Jinping declared a day earlier that unification will be achieved. Taipei hopes for an easing in cross-strait ties, and resolving differences requires dialogue on the basis of parity, Tsai said in a televised National Day address on ...

Bloomberg Canada has recovered all of the roughly three million jobs lost to Covid-19. The country’s economy added 157,100 jobs in September, returning the labour market to pre-pandemic levels, Statistics Canada said in Ottawa. That compares with economists’ expectation of 60,000 new jobs, according to the median estimate in a Bloomberg survey. The unemployment rate fell to 6.9% from 7.1% ...

Bloomberg Brazil’s consumer prices rise less than expected in September, supporting the central bank’s view that inflation peaked just above 10% and will start to slow as rising borrowing costs cool down the economy. Inflation accelerated to 10.25% from a year ago, its fastest pace since February 2016, and to 1.16% from the month prior, the national statistics institute reported. ...

Bloomberg Elon Musk plans for Tesla Inc.’s electric-car plant near Berlin to start producing vehicles as early as next month even as the US company still awaits final approval for the project that’s been delayed by legal challenges. The factory is to begin making Model Y cars in November or December, Musk said during a visit to the site in ...

Bloomberg The UK is more vulnerable to financial shocks than most other nations, a Bank of England (BOE) study concluded, indicating that openness to trade and banking poses some risks. Britain has more foreign assets and liabilities than any other major economy and relies on trade for 60% of its gross domestic product (GDP), more than the average across other ...