News

Abu Dhabi / WAM Emirates Water and Electricity Company (EWEC), announced that ‘Noor Abu Dhabi’, the world’s largest single solar project, with a capacity of 1,177MW, has started commercial operation. The project will enable Abu Dhabi to increase its production of renewable energy and reduce the use of natural gas in electricity generation, helping to make energy more sustainable and efficient ...

Abu Dhabi / WAM The Special Olympics World Games 2019 generated AED 957 million in economic output during the 10-day event that was held in the UAE in March, according to a study conducted by PwC Middle East. The economic output measures the increase in economic output expressed as the value of all sales of goods and services generated by ...

HADIBU, Socotra, Yemen / WAM With inhabitants of the remote Yemeni island of Socotra continuing to face difficulties because of a lack of infrastructure, humanitarian aid from the UAE is continuing to flow to the island, officials at the Sheikh Khalifa bin Zayed Al Nahyan Foundation told Emirates News Agency (WAM). The Foundation and the Emirates Red Crescent (ERC), have ...

Dubai / Emirates Business Dubai Land Department (DLD) announced its achievement of the ‘Ideas Arabia 2019’ award, an addition to its track record of many local and international accomplishments, after taking first place in the “Productivity” category for its ‘Building Survey and Classification’ initiative. HE Sultan Butti bin Mejren, Director General of DLD, said: “We are proud of this remarkable ...

Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE), announced the launch of a ‘Recycled Water Policy,’ that will ensure optimal use of recycled water in the emirate. Announced during a workshop held by DoE, which was attended by all concerned parties, the policy supports efforts to preserve Abu Dhabi’s water resources, including drinking and underground water, in order ...

Bloomberg Apple Inc will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, according to a person familiar with the company’s plans. The company will use Quanta Computer to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, according to the ...

Bloomberg Tesla Inc said an isolated battery fault caused a Model S to catch fire in a Shanghai parking lot two months ago, as the US electric-car maker tries to ease safety concerns in its second-largest market. A joint investigation with experts and executives from China and the US found no “systematic defect” with the car, Tesla said in a ...

Bloomberg Vietnam is buying more US goods to help it reduce a $39.5 billion surplus, after President Donald Trump called the country a trade abuser. “Vietnam has made great efforts to improve the trade balance between the two countries, increasing imports,” Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said in a statement. Vietnam is improving investment conditions for ...

Bloomberg Ex-Nissan Motor Co Chairman Carlos Ghosn abruptly cancelled a press conference scheduled only hours before, at which he was due to “speak out” about his case. It would have been his first briefing in person since his arrest in November. Only hours after announcing the hastily arranged briefing, reports emerged that Ghosn would not appear at the event and ...

Bloomberg A travel planner in India backed by the world’s second-largest asset manager Vanguard Group has defaulted on debt and its shares fell to a record low, as cracks in the nation’s credit market spread. Cox and Kings Ltd has paid only 500 million rupees ($73 million) of the two billion rupees due on unsecured commercial papers, according to an ...