News

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has announced that the production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP). This is about 14% of Dubai’s total power production capacity of 14,517 MW. He made the announcement ...

  Ras Al Khaimah / WAM Ushering in the New Year in legendary fashion, Ras Al Khaimah, already the holder of several world records for its renowned fireworks performances, welcomed 2023 with a mesmerising pyro-musical show, smashing two Guinness World Records titles. Securing the title of the ‘largest number of operated multi-rotors/drones with a simultaneous fireworks display’ with record-breaking 671 ...

Abu Dhabi / WAM Al-Jundi, a journal issued by the UAE Ministry of Defence, has published its January 2023 issue No. 588. Through its latest issue published in both Arabic and English, the journal using research and analysis touched on several vital issues and topics, as well as the most important events and news related to the Ministry of Defence ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means and taxis during the New Year’s Eve 2023. The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders. The breakdown of ridership was as follows: Metro: 958,161 riders (compared to 640,175 last year), Tram: ...

  Dubai / Gulf Time The new decade has been incredibly challenging for the world’s economy, regardless of region and industry. And even though some industries have seen recovery and even growth, many are struggling to break even still. Same thing goes for customer demographics: while some have returned to their previous spending habits, some are looking for the best ...

Bloomberg China’s abrupt reversal of its Covid Zero policy pushed economic activity — its service sector in particular — to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut. The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau ...

Bloomberg Tesla Inc is starting 2023 as it ended 2022: with incentives aimed at propping up sales in China. The carmaker is offering Model 3 sedan and Model Y sport utility vehicle buyers as much as 10,000 yuan ($1,450) if they take delivery by February 28, according to Tesla’s website. The company is extending a 6,000-yuan subsidy it started offering ...

  Bloomberg The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said. Some of the funds, which come from higher-than-expected tax revenue this year, will be used to meet a shortfall in the labor and health insurance system and to provide subsidies ...

  Bloomberg South Korea’s exports continued to decline in December in a sign of cooling global demand as higher interest rates weigh on consumption. Overseas shipments dropped 9.5% from a year earlier, compared with economists’ forecasts for an 11.1% decline, according to data by the trade ministry. Imports fell 2.4%. The trade shortfall was $4.7 billion in December, resulting in ...

  Bloomberg Indonesia will do away with indoor mask mandates and remove the requirement to show proof of vaccination when entering buildings, becoming one of the last few countries to completely end Covid-19 restrictions. The decision was taken as almost all of Indonesia’s population had immunity against the virus, said President Joko Widodo. “We once failed in containing Covid, but ...