News

Bloomberg The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than ...

Bloomberg Google announced plans to buy enterprise software firm CloudSimple Inc, another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy. CloudSimple will join Google Cloud, a priority business for the Alphabet Inc unit. The companies didn’t disclose financial terms. The acquisition could help Google get a foothold in a corner of the cloud-computing ...

Bloomberg When fires raged across Brazil this summer and deforestation rates reached startling highs, users began downloading a small German search engine in a modest effort to counteract the devastation. Ecosia GmBH, a Berlin-based alternative to Google, donates as much as 80% of the profit it makes from running ads alongside search results to plant trees around the world. As ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, condoled the death of his brother HH Sheikh Sultan bin Zayed Al Nahyan, President’s Representative, who passed away on Monday. At the directives of the Ministry of Presidential Affairs, the UAE will observe an official mourning period of three days with the flag flown at half-mast. In ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Holiness Pope Francis, Head of the Catholic Church, on Monday reaffirmed their cooperation towards the improvement of the health and wellbeing of communities in need. The intention is to identify joint initiatives ...

Dubai / Emirates Business Emirates, the world’s largest international airline, on Monday announced a firm order for 50 A350-900 XWB aircraft worth $16 billion (AED58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. His Highness Sheikh ...

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), on Monday set another milestone with one of the region’s largest single-aisle aircraft orders of 120 Airbus A320 Family aircraft. This was announced during Dubai Airshow 2019 following a signing ceremony attended by Air Arabia’s Chairman Sheikh Abdullah bin Mohammed Al Thani ...

ABU DHABI / WAM The UAE will continue to deliver on the Opec and Non-Opec commitment for voluntary production adjustments until the global market is re-balanced, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has stated. The minister affirmed the UAE is working in all fairness and transparency with the Opec’s Joint Ministerial Monitoring Committee (JMMC), ...

Dubai / WAM Dubai’s non-oil trade with Africa will exceed AED1 trillion for the period extending from 2011 until the end of 2019, said Majid Saif Al Ghurair, Chairman of Dubai Chamber, noting that it had already reached AED926 billion in the 2011-2018 period. Al Ghurair made the announcement in his opening speech at the fifth edition of the Global ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Investment Company, has signed a Memorandum of Understanding with Premium Aerotec, the German aerospace manufacturing leader, for the supply of metallic bonded and ‘computer numerical control’ (CNC) machined detail aircraft parts. The MoU, signed during Dubai Airshow, covers a duration of five years with ...