News

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 ($65.34 million), the plot has been bought from Nakheel, the master developer behind Palm Jumeirah. ...

  ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) along with Emirates Water and Electricity Company (Ewec) announced on Monday the successful pricing of green senior secured bonds for an aggregate principal amount of $700.8 million (AED2.6 billion) by Sweihan PV Power Company PJSC (SPPC). Taqa is one of the largest listed integrated utility companies in the ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has commenced the operations of the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT). The total cooling capacity of the plant will be 50,000 RT upon completion and will be interconnected with the company’s existing district cooling plant ...

  Dubai / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Chairwoman of the National Committee on Sustainable Development Goals stated that projects with immediate impact would be at the top of the committee’s agenda and implementation strategies during the upcoming period. Al Hashemy’s remarks were made during the committee’s first meeting in 2022, and ...

  Abu Dhabi / WAM Abu Dhabi University (ADU) signed agreements with Malaysian academic institutions during a delegation visit led by Dato’ Professor Dr Husaini Omar, Director-General of the Ministry of Higher Education in Malaysia, and 30 delegates from 10 prestigious Malaysian universities. These partnerships will enable the ADU to provide its students with valuable knowledge transfer and exchange opportunities. ...

  DUBAI / WAM Hewlett Packard Enterprise on Monday announced that it has signed a memorandum of understanding (MoU) with the UAE Cyber Security Council to enhance cyber skills training in schools and prepare Emirati youth for careers in the technology industry. HPE and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than ...

  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 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 Tesla Inc has pushed back initial production of its futuristic-looking Cybertruck to the first quarter of 2023, according to a Reuters report. Production of the electric pickup had been expected to start later this year but was delayed by a decision to change some of the pickup’s features, the report said. In December, Tesla CEO Elon Musk responded ...