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Bloomberg Tesla Inc. will bring its solar technology business to Europe next year, Chief Executive Officer Elon Musk wrote on Twitter. Tesla Solar uses roof tiles with solar cells embedded inside to allow people’s homes to convert sunlight into electricity. Musk announced a re-launch of the design on Sunday, which he says could save $500 a year in utility bills ...

Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

KHARTOUM / WAM The UAE on Saturday expressed its support for Sudan in its quest to create a polit-ical system capable of achieving the development of the state and driving the country towards a prosperous future, affirmed Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. In a statement following his participation in the ceremony held in Khartoum to ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), awarded the Strabag Dubai LLC, Strabag AG, Andritz Hydro and Ozkar consortium the construction contract for the AED1.437 billion pumped-storage hydroelectric power station at Hatta. This is part of the Comprehensive Development Plan for Hatta, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...

Bloomberg Drones attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia but failed to disrupt production, the kingdom’s Oil Minister Khalid Al-Falih said. Aramco extinguished a small fire at a natural gas liquids plant at Shaybah on Saturday morning, it said in a statement. There were no casualties and oil operations were not interrupted by the ...

Bloomberg For Brits looking to escape the UK in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. Growing resistance among opposition lawmakers to a no-deal Brexit has led traders to ...

Emirates Business Ras Al Khaimah International Airport has announced the onboarding of its first foreign exchange partner, Travelex. Headquartered in London with a presence in over 70 countries, Travelex is a leading provider of foreign exchange, remittance, and payments services, enabling physical and digital cross-border money movement for consumers and financial institutions. Travelex has commenced operations at the airport, offering ...

ABU DHABI / WAM The National Election Committee (NEC) tasked with organising the fourth cycle of elections to the Federal National Council (FNC) announced that the candidate registration process for FNC membership commences from today in nine centres across the UAE. The registration centres will continue to accept candidate applications until August 22, 2019. The Committee also underscored that those ...

DUBAI / WAM Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three percent in tourism volume growth compared to the same period last year, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. The new figure reinforces the continued strength of Dubai’s tourism ...

ABU DHABI / Emirates Business The Higher Organizing Committee of the 17th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) announced event features that are offered for the first time at the event including several recreational and cultural activities for families to enjoy. The exhibition is held under the patronage of HH Sheikh Hamdan bin Zayed Al ...