News

  Bloomberg German carmakers BMW, Daimler, Porsche and Audi and US competitor Ford said on Tuesday they would cooperate on a Europe-wide network of electric charging stations. The move is an “important step towards facilitating mass-market battery electric vehicle adoption”, the manufacturers said in a joint statement, and comes as German carmakers rev up their offers of electric cars for ...

  Chernobyl / AFP Ukraine on Tuesday unveiled the world’s largest moveable metal structure over the Chernobyl nuclear power plant’s doomed fourth reactor to ensure the safety of Europeans for future generations. The gigantic arch soars 108 metres (355 feet) into the sky — making it taller than New York’s Statue of Liberty — while its weight of 36,000 tons ...

  Bloomberg The US economy expanded more than previously reported last quarter on a sunnier picture of household spending, the primary growth engine. Gross domestic product rose at a 3.2 percent annualized rate in the three months ended in September, the fastest in two years, compared with an initial estimate of 2.9 percent, Commerce Department figures showed on Tuesday. The ...

  Bloomberg France and the UK are the two nations in Europe most at risk of power shortages this winter, particularly if there is a cold snap in early December or January. With availability of Electricite de France SA’s French nuclear fleet at the lowest level in a decade, the nation will need to rely on imports during several weeks ...

  ABU DHABI / WAM Mubadala Development Company and the HNA Group, a global Fortune 500 company specialising in tourism, logistics and financial services, signed a memorandum of understanding (MoU) to expand investment collaboration between the two sides. Following a series of senior leadership meetings in Abu Dhabi, the companies agreed to explore co-development and co-investment opportunities across a range ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The agreement was signed by Dr. Sultan Ahmed Al Jaber, Minister of State and Chairman of Masdar, and Saeed Mohammed Al Tayer, MD & ...

  Abu Dhabi / WAM Over 2,000 Abu Dhabi National Oil Company (ADNOC) Group employees, from across 18 operating companies, walked together, on Monday, from ADNOC’s headquarters to the headquarters of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO), and back, to mark the 45th anniversary of the founding of ADNOC on November 28,1971. Dr Sultan Ahmed Al Jaber, UAE ...

  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, has expressed his pride in the nation’s youth in a text message sent to all national and reserve service recruits, and those who had completed the training. He lauded the national spirit, responsibility, commitment, ...

  Dubai / Emirates Business The 8th annual edition of World Islamic Retail Banking Conference (WIRBC) kicked off at The Dusit Thani Hotel in Dubai on Monday with the participation of over 200 delegates attending to hear what more than 40 experts in the field have to say about consumer behaviour, innovations and strategies in the global Islamic banking landscape ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai received the ‘Gold’ accreditation for at the International Conference 2016 of ‘Ideas UK,’ on account of its suggestion scheme and innovation management. The Gold accreditation is granted top ideas that make a demonstrated impact on improving organisational efficiency as measured against more than 80 parameters, including legislative ...