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Bloomberg BP Plc may become the next oil giant to power operations with clean energy. The London-based company is in talks with a solar developer it partially owns, Lightsource BP, to buy power in the US, according to executives at the renewable company. A contract may be signed within six months, Lightsource BP Chief Commercial Officer Katherine Ryzhaya said. “It’s ...

Bloomberg Fiat Chrysler Automobiles NV’s recall of 862,520 gasoline-fuelled vehicles could spur additional demand for the palladium market that’s already reeling from shortages. Replacing the catalytic converters in these vehicles would require an additional 77,000 ounces of palladium, said Miguel Perez-Santalla, sales and marketing manager at refiner Heraeus Metals New York LLC. Prices of the metal that’s used to curb ...

Bloomberg Norsk Hydro ASA said it made progress in securing its computer systems after the Norwegian aluminum maker was hit by a ransomware cyber attack. The company plans to restart overnight some systems in divisions that make finished metal, which should help it continue deliveries to customers. It has detected the “root cause” of the attack, but doesn’t know how ...

Bloomberg Saudi Arabia plans to pour 86 billion riyals ($23 billion) into beautifying its capital, Riyadh, with projects expected to create tens of thousands of jobs and provide new leisure opportunities in the city. In addition to the kingdom’s investment, the projects will create opportunities for $15 billion in private sector financing, the government said. Preliminary design work is under ...

Dubai / Emirates Business The Middle East and North Africa’s (Mena) data centre spend will reach a record-high of nearly $5 billion in 2019, industry experts said, as organisations drive data centre modernisation as the foundation of their digital transformation. Organisations are modernising data centre infrastructure to optimise costs, increase agility, foster innovation, and operate more efficiently, argues the UAE-based ...

ABU DHABI / WAM The Ministry of Economy discussed the means of developing the economic relations between the UAE and the United States (US), as well as their overall cooperation, especially in the area of standards and metrology and their commercial application. Juma Mohammed Al Kait, Assistant Under-Secretary for the Foreign Trade Sector of the Ministry of Economy, explained that ...

Ajman / Emirates Business Saudi German Hospitals (SGH) Group – one of the largest private hospital groups in Mena region –announced their world class, state-of-the-art, AED300 million healthcare facility in Ajman. The tertiary-care speciality and sub-speciality facility will be the biggest hospital in Ajman, designed to cater to the growing population across all northern emirates, while offering a wide range of ...

Abu Dhabi / Emirates Business Safeen, the leading provider of integrated marine services in the Middle East and subsidiary of Abu Dhabi Ports, collected over 120 tons of floating sea debris in Abu Dhabi waters last year, recycling more than ten tons of the collected material. Capt. Adil Banihammad, Acting CEO of Safeen, said: “The establishment of the Environment and ...

Dubai / WAM The UAE was ranked among the top 10 countries worldwide in wellbeing indicators of the 2018 World Poll, which tracks the opinions of people in more than 160 countries on what matters most to them. Ohoud bint Khalfan Al Roumi, Minister of State for Happiness and Wellbeing and Director-General of the Prime Minister’s Office, affirmed that the ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), launched the ‘Clean Energy on the Move’ initiative, allocating a fleet of electric cars and eco-friendly bus to shuttle participants and the public between the venues of the Special Olympics World Games Abu Dhabi 2019, in Zayed Sports City, ZSC, and the Abu Dhabi National Exhibition Centre (Adnec), during the ...