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DUBAI / WAM The Federal Electricity and Water Authority (Fewa), a consortium consisting of Acwa Power and MDC Power Holding Company, an entity fully owned by Mubadala Investment Company, has entered into a water purchase agreement for a 150 million imperial gallon per day desalination plant in the Emirate of Umm Al Qaiwain (UAQ). The plant will utilise Seawater Reverse ...

Dubai / Emirates Business Enoc Group opened a new service station in Fujairah in line with its plans to expand its network to 191 stations in the UAE by end-2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first station in the emirate in 1989. The station caters to a large community in Al ...

DUBAI / WAM Dubai Chamber of Commerce and Industry announced that it has signed a memorandum of understanding (MoU) with DP World — UAE Region, to collaborate on the Digital Silk Road, a Dubai 10X initiative which is expected to be launched by 2020. The Digital Silk Road is a smart digital platform which utilises blockchain technology to increase the ...

YEKATERINBURG / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to creating the future of global industry and achieving sustainable development. In his speech during the launch of the second edition of the Global Manufacturing and Industrialisation Summit (GMIS), held in the Russian city of Yekaterinburg, Al Mazrouei said that the ...

Bloomberg The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty. In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development: that the mine’s low-quality coal won’t earn enough money to justify his $2 billion ...

Bloomberg Thailand is set to increase minimum wages for a second straight year as it looks to attract workers amid an aging population and shortage of labour in key industries. A subcommittee to decide on the extent of increase will meet in the next one to two months to assess the revision based on the state of the economy and ...

Bloomberg A tiny company linked to Prime Minister Viktor Orban’s closest business ally agreed to take over a much bigger unit of Deutsche Telekom AG’s local subsidiary in Hungary, in the most high-profile acquisition to date for the premier’s circle of business partners. 4iG, partly owned by Lorinc Meszaros, a former gas fitter from Orban’s home village, signed the deal ...

Bloomberg Workers from ethnic minority groups in London are paid 21.7 percent less on average than white employees, according to Office for National Statistics data. The capital — which is home to the highest proportion of workers identifying as being from an ethnic minority group — had the largest pay gap in the country last year, figures drawn from the ...

Bloomberg Italy’s construction industry is crumbling after years of recession and bad investments, but now the sector’s biggest player is betting it can be rebuilt. Salini Impregilo SpA, whose projects have included expansion of the Panama Canal to a new subway line in Riyadh, plans to create a 1.5 billion-euro ($1.7 billion) construction hub dubbed “Progetto Italia,” or Project Italy, ...

Bloomberg Donald Trump called the UK ambassador to Washington a “stupid guy,” even as the British government tried to prevent the row with the US President over leaked diplomatic memos from escalating. “The wacky Ambassador that the UK foisted upon the United States is not someone we are thrilled with, a very stupid guy,” Trump tweeted. “I don’t know the ...