Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that the work progress at the Hatta hydroelectric power plant reached 35 percent by the end of December 2021. The plant’s production capacity is set to reach 250 megawatts (MW) with a storage capacity of 1,500 megawatt-hours and a lifespan of up to 80 years. This is the ...
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Abu Dhabi: Free parking for visitors of residential villas
Abu Dhabi / WAM A new measure has eased issuing parking permits for visitors to sectors classified as ‘residential villa’ in the emirate of Abu Dhabi. The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it has started implementing new amendments concerning the issuing of parking permits to visitors to residential ...
Read More »Blinken to meet Lavrov as US sees Ukraine crisis at key point
Bloomberg Secretary of State Antony Blinken will meet with Russian Foreign Minister Sergei Lavrov in Geneva this week as the US ramps up its warnings that Moscow is prepared to attack Ukraine. Blinken will press Russia to immediately de-escalate tensions on the Russian border with Ukraine, where Moscow has massed more than 100,000 troops and equipment, according to a ...
Read More »Ukraine court releases ex-president during treason investigation
Bloomberg Former Ukrainian President Petro Poroshenko was released on his own recognizance by a court during a treason investigation that has ratcheted up political tension as the country confronts Russian troops amassing on its eastern border. The decision by the Kyiv court followed Poroshenko’s return from abroad on Monday to face charges over allegations he facilitated coal deals last ...
Read More »UK inflation surprises with jump to highest in 30 years
Bloomberg Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze on households and adding to pressure on the government and Bank of England to respond. Consumer prices surged 5.4% from a year ago in December, driven by a broad increase in the cost of food, restaurant meals and furniture, the Office for National Statistics said ...
Read More »Apple, Google warn US senators that tech bills will harm privacy
Bloomberg Apple Inc and Google warned US lawmakers that bipartisan antitrust legislation aimed at curbing the power of big technology companies will threaten the privacy and security of users. Escalating its opposition to the legislation, Apple sent a letter to Senate Judiciary Committee Chair Dick Durbin; panel’s ranking Republican, Chuck Grassley; Antitrust Subcommittee Chair Amy Klobuchar; and the subcommittee’s ...
Read More »Canada makes rare import of European barley after drought
Bloomberg Canada, one of the world’s top barley exporters, is importing a rare cargo from Europe after drought decimated its harvest last year. France’s Rouen port is set to load its first-ever barley cargo for Canada, on the bulk carrier Federal Spey, according to a spokesman for the port operator. The North American nation hasn’t imported significant volumes from ...
Read More »NYC property values to rise 8.2% as homebuyers return
Bloomberg New York City is factoring in an 8.2% increase in property values for next fiscal year, bolstered by demand for single-family homes, co-ops and condos. The city set a value of about $1.4 trillion for its more than one million properties for the fiscal year beginning in July, according to a tentative assessment roll released by the Department ...
Read More »DP World’s new digital platform to streamline customs processes
Dubai / WAM DP World, the leading global logistics company and provider of smart supply chain solutions, on Tuesday announced the launch of its new digital compliance and revenue platform, Cargoes Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation. ...
Read More »Expo 2020 Dubai visits cross 10mn
Dubai / WAM Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of January 18, while Expo 2020 Dubai’s virtual visitation passed the 65 million mark. The visitors were attracted by the first Global Goals Week to be held outside of New York and a star-studded K-pop concert – all underpinned by confidence in the event’s ...
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