News

  Bloomberg Origin Energy Ltd., the Australian energy producer and retailer, plans to start the sale of an Australian wind farm project after gauging interest from potential buyers, people with knowledge of the matter said. The Sydney-based company will ask next week for expressions of interest for its planned Stockyard Hill project west of Melbourne, one of the people said, ...

  Bloomberg Australia upheld its decision to block foreign bidders from buying a majority stake in state-owned power network Ausgrid for more than A$10 billion ($7.6 billion), triggering a warning from China that the move will hurt bilateral ties. The deal would go against the national interest, Australian Treasurer Scott Morrison said in a statement on Friday, confirming last week’s ...

  New Delhi / Bloomberg Prime Minister Narendra Modi promoted a deputy governor to lead India’s central bank, ensuring that sweeping reforms initiated under Raghuram Rajan would continue. Urjit Patel, who oversees the monetary policy department at the Reserve Bank of India under Rajan, has been appointed for three years, the government said in a statement on Saturday. Patel, 52, ...

  Bloomberg Finance Minister Sri Mulyani Indrawati is putting trust-building at the top of her agenda as she tries to get more Indonesians to pay their taxes to raise funds for a massive infrastructure plan aimed at stimulating growth in Southeast Asia’s largest economy. “My job, first, is to restore confidence in the whole fiscal policy and our budget,” Indrawati ...

  Abu Dhabi / WAM The UAE is deeply committed to protecting humanitarian workers and providing emergency relief to more than 130 million people affected by humanitarian crises in over 40 countries, Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, said on Thursday on the occasion of World Humanitarian Day. In a statement to mark World Humanitarian Day, ...

  KHARTOUM / WAM The Emirates Red Crescent, ERC, on Thursday launched a campaign to distribute humanitarian aid to the victims of floods and rains that hit large parts of Sudan. The campaign began with distributing more than a thousand blankets and some food parcels to those affected by the floods as a first stage. In an interview with the Emirates ...

  Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, today called parents to prepare their children psychologically and educationally for the new academic year. In a series of tweets on his official account on the microblogging site, Twitter, he said that awareness is what shapes future. He was commenting on ...

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) announced a specialised hall dedicated for innovation during the 18th Water, Energy, Technology, and Environment Exhibition, WETEX 2016, which will be organised under the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and under the patronage of H.H. Sheikh ...

  Dubai / Emirates Business Celebrated annually on 15th August, Indian Independence Day commemorates the end of British rule in India. The occasion is marked with a national celebration of the spirit of unity, freedom, sacrifice and patriotism. To help a group of underprivileged workers in Dubai, who are living away from their families and home country, connect with the ...

  Dubai / Emirates Business The first half of the 19th edition of Dubai Summer Surprises (DSS) has seen an upswing in economic activity across diverse sectors in the emirate from retail to hospitality, automotive to entertainment and financial services, as the region’s popular family extravaganza continues to further enhance Dubai’s position as the summer destination of choice. With special ...