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Dewa completes 93% of 4th phase of H-Station in Al Aweer

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 93% of the 829 megawatts (MW) 4th phase of the H-Station power plant in Al Aweer with investments totalling AED 1.1 billion. This phase will increase Al Aweer Power Station Complex total capacity to 2,825MW under climate conditions of 50 degrees celsius and 30% relative humidity. Key testing ...

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Museum of the Future receives global award

  Dubai / WAM The Museum of the Future (MOTF) has received a global award recognising its commitment to diversity, accessibility, inclusion, and equity, reflecting its vision for a brighter future that is designed with everyone in mind. The museum won a Roy L. Shafer Leading Edge Award, also known as an ‘Edgie’, which is presented by the Association of ...

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More than 6,300 volunteers participate in ‘Clean UAE’ campaign

Dubai / WAM Under the patronage of the Ministry of Climate Change and Environment and in association with the Ministry of Community Development, the 21st cycle of the nationwide campaign, the “Clean UAE” reached its 4th stop – the emirate of Dubai. Armed with the successes achieved in the previous stops in Ajman, Fujairah and Sharjah, Emirates Environmental Group (EEG) ...

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New Year holds promise for China IPOs after 2022 haul

  Bloomberg Chinese companies raised a record amount in initial public offerings (IPOs) at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for another strong showing. Listings in Shanghai, Shenzhen and the recently inaugurated Beijing exchange brought in $92 billion this year, according to data compiled by Bloomberg. ...

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Japan’s Takeda secures EU regulatory approval for its dengue vaccine

Bloomberg Takeda Pharmaceutical Co’s dengue vaccine was given the green light for use in Europe, making it the world’s second ever inoculation to be approved to fight the mosquito-borne disease that affects almost 400 million people a year. The European Commission approved the two-shot regimen, called Qdenga, for individuals four years of age and older, Takeda said. Takeda’s shots can ...

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GoTo slumps as executives fail to convince investors

  Bloomberg GoTo Group shares continued their plunge after executives failed to assuage investor concerns about the unprofitable Indonesian internet company’s prospects. The stock fell for a 15th straight day, hurt by the expiry of a lockup on its major shareholders’ stakes that freed them to reduce their holdings. Management held a meeting with investors in which it said it ...

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Korean EV supercharging maker opens US office, expands in Japan

  Bloomberg Chaevi, a South Korean maker of supercharging stations for electric cars, is planning on building out an ultra-fast network in the US and partnering with automakers in Japan as consumers around the world embrace cleaner passenger transport. After installing some 26,000 EV chargers at home since the company was established in 2016, Chaevi has opened an office in ...

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Vietnam harvests 40% of 22-23 coffee crop

  Bloomberg Coffee farmers in Vietnam, the world’s biggest grower of the robusta variety, collected about 40% of the 2022-23 crop as of early December amid concerns about bean quality due to prolonged rains, according to Nguyen Nam Hai, head of the nation’s coffee association. Extensive rains hit major coffee-producing provinces of Dak Lak, Gia Lai and Kon Tum this ...

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UAE stresses importance of cultural coordination among Arab countries

  Riyadh / WAM Mubarak Al Nakhi, Under-Secretary of the Ministry of Culture and Youth (MCY), participated in the 23rd session of the Conference of Arab Culture Ministers, which was held in the Saudi capital, Riyadh, under the patronage of His Highness Prince Badr bin Abdullah bin Farhan, Saudi Arabia’s Minister of Culture and Chairman of the National Committee for ...

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