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Bloomberg Kim Jong Un will put North Korea on a path to develop more advanced nuclear technologies and missiles, sending a chilling warning to President-elect Joe Biden that the Asian leader is ready to ratchet up security tensions. Kim called the US a “war monster” and his “biggest main enemy,” at the first Congress of the Workers’ Party of Korea ...

Abu Dhabi / WAM The National Central Cooling Company (Tabreed) has announced the signing of an agreement with Miral to provide district cooling services to SeaWorld Abu Dhabi, a first-of-its-kind marine life theme park being developed by Miral on Yas Island. Tabreed will connect the new SeaWorld Abu Dhabi development to its existing Yas Island district cooling scheme and will ...

Sharjah / WAM Sharjah National Oil Corporation (SNOC) announced the start-up of its new gas storage project. This follows a small-scale pilot phase using existing infrastructure that has been running since early 2017. The first gas was introduced to the project on January 1, 2021 following a turbulent year and marking a new era for SNOC. The project was completed ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) visited the hydroelectric power station in Hatta to review work progress of the project, which is the first of its kind in the GCC region. According to Dewa, the 250MW station will generate electricity by making use of the water stored in Hatta ...

DUBAI / WAM DMCC, the Free Zone and Government of Dubai Authority on commodities trade and enterprise, will host six diamond tenders in its Dubai Diamond Exchange, the world’s largest diamond tender facility, in January. This follows a record-breaking tender hosted in December 2020, which saw the largest ever rough diamond tender sales in the UAE, in a sign that ...

Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) has announced the resumption of desert tours and related activities in the emirate with strict implementation of the precautionary measures and guidelines issued for desert tours and Sharjah tour operators. This latest decision comes as part of the efforts to resume the tourism activities in the emirate at a ...

Bloomberg US intelligence agencies and the Federal Bureau of Investigation (FBI) said a major hack of the federal government and some corporations was likely undertaken by Russia — contradicting President Donald Trump’s efforts to suggest China might be responsible — and “will require a sustained and dedicated effort to remediate.” The FBI is still focused on identifying victims, collecting and ...

Bloomberg Europe’s latest lockdowns are presenting citizens with even more hurdles to spending money, swelling already-hefty savings that stand ready to fuel the recovery once vaccines tame the pandemic. Households in the euro zone accumulated a mountain of cash when businesses shut in the spring. Now in a lengthening second wave of closures, they are sitting on about $615 billion ...

Bloomberg Chancellor Angela Merkel extended Germany’s lockdown and tightened restrictions as pressure mounts on her government to contain the coronavirus spread and speed up vaccinations. With hundreds dying each day, political tensions have been high and threaten to escalate further amid a rising tide of criticism over the government’s strategy to distribute a Covid-19 shot. At an ill-tempered meeting, Merkel ...

Bloomberg A measure of US manufacturing expanded in December at the fastest pace in more than two years, bolstered by a pickup in new orders and the strongest growth in production since 2011. A gauge of factory activity unexpectedly increased to 60.7 from 57.5 a month earlier, according to Institute for Supply Management data. Readings above 50 indicate expansion and ...