News

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) commissioned the 2MWp Solar Carport Project, at its headquarters and at the Ministry of Climate Change and Environment (MOCCAE) building. Dewa launched the project last year as part of the Shams Dubai initiative, to increase reliance on clean energy, support the Smart Dubai initiative, and achieve its vision of becoming ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

New York / Emirates Business dnata, one of the world’s largest air services providers, has launched passenger handling operations at New York-JFK Airport. Already providing ground handling to over 50 airlines in the United States, this is a natural portfolio extension for dnata in New York. The launch customer is Copa Airlines, the flag carrier of Panama, which operates four ...

Dubai / WAM The 9th edition of Seatrade Maritime Middle East, the region’s biggest maritime exhibition, will run in Dubai World Centre on October 29-31 as part of UAE Maritime Week. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Seatrade Maritime Middle East offers a dynamic, free-to-attend conference programme, including ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry concluded a study mission to India, which explored business opportunities in the country’s gems and jewellery sector. The study mission included visits to Mumbai and Delhi and coincided with the India International Jewellery Show, the largest event of its kind in India, where the Dubai Chamber hosted a seminar attended ...

Bloomberg Vestas Wind Systems A/S surged the most in two years after the wind turbine maker announced a $227 million share buyback and said its orders rose. “Order intake was very strong, and profitability was clearly above market expectations,” said James Evans, an analyst at Bloomberg Intelligence. It was “aided by Vestas’ new push into co-developing projects, with two US ...

Bloomberg Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion, people with knowledge of the matter said. The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto, plans to file a listing application with the ...

Bloomberg China Investment Corp. (CIC) is backing a potential takeover of Yum China Holdings Inc., which runs KFC and Pizza Hut outlets in the world’s most populous nation, people with knowledge of the matter said. The sovereign fund and DCP Capital, the investment firm run by former KKR & Co. senior executives, are part of a consortium with Hillhouse Capital ...

Bloomberg Tencent Holdings Ltd. surprised investors with its first profit drop in at least a decade as a Chinese regulatory freeze on game approvals hurt its ability to make money off marquee titles. Net income fell 2 percent to 17.9 billion yuan ($2.6 billion) in the three months ended in June, the Shenzhen-based company said, well short of the 19.3 ...

Bloomberg Lenders are ramping up riskier mortgage lending in the north of England just as property values start to fall and interest rates increase. That could be bad news for banks and home-loan providers in a region that’s already facing a hit to its wealth from the UK’s withdrawal from the European Union, no matter what kind of agreement is ...