News

  Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s Thermal Energy Storage and Turbine Inlet Air Chilling (Testiac) project implemented in three Gas Turbines at L-Station in Jebel Ali Power and Desalination Complex has reduced over 44,000 tonnes of CO2 emissions annually, which is equivalent to the planting of two million trees. This project is the first of its ...

  Dubai / WAM Enoc group announced that it was awarded the ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the group completed a best practice Five Star Occupational Health and Safety Audit by British Safety Council demonstrating its commitment towards the continual improvement of ...

  Abu DhabI / WAM The Authority of Social Contribution – Ma’an hosted its latest initiative “Community Clean Up!”, in Shawamekh and Shamkhah areas. The programme reflects Ma’an’s drive to support sustainable lifestyles in Abu Dhabi community through voluntary participation and efforts that can have positive and continuous social impacts that will benefit all citizens and residents. Through “Community Clean ...

  Abu Dhabi / WAM As another successful year comes to a close, Yas Island Abu Dhabi, one of the world’s leading leisure and entertainment destinations, rounds off its action-packed 2022 with over 80 awards and accolades. The destination and its plethora of world-class theme parks, luxury hotels, innovative experiences, resorts and acclaimed eateries, alongside unmatched customer services, has been ...

  Bloomberg Hong Kong will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travellers, in a sweeping overhaul of policies aimed at reviving its reputation as a global financial centre. There will be no cap on the number of people who can gather in public, and the vaccine pass for entry ...

  Bloomberg AstraZeneca Plc’s new drug Imjudo won approval in Japan for two different cancer types when added to the blockbuster medicine Imfinzi, widening the immune therapy’s reach. The treatment, a monoclonal antibody, is now authorised for forms of lung and liver cancer in Japan for patients who are also receiving Imfinzi, Astra said. The approval, coming after clearance in ...

Bloomberg PLDT Inc said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso ($859 million) overspending that stretched over four years from 2019. While the Philippines’ biggest phone company didn’t specify the nature of its discussions with the firms, namely Cisco Systems Inc, Huawei Technologies Co Ltd, Ericsson and Fiberhome Telecom in ...

  Bloomberg Investors betting on Singapore’s two largest internet companies are staring down hefty losses as rising interest rates and recession risks extended a tech rout that wiped out $110 billion from their market capitalisation. E-commerce platform operator Sea Ltd plunged 78% this year while ride-hailing firm Grab Holdings Ltd has more than halved. The two companies, both listed in ...

  Bloomberg Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer subject inbound travellers to quarantine from early January, adding to the rapid rollback of strict pandemic rules and boosting sentiment towards Asia’s biggest economy. Markets are also ...

  Bloomberg Bangladesh’s capital now has its first metro rail, a Japanese-funded project that aims to ease commuting in one of the most congested cities in the world. A section of the over 20-kilometre (12.427 miles) urban rail project, known as Line 6, was inaugurated by PM Sheikh Hasina. The line connects the northern zone of Dhaka to a hub ...