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Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, and Indonesian power company PT Pembangkitan Jawa-Bali, PT PJB, a subsidiary of the state electricity company Perusahaan Listrik Negara (PLN), signed on Tuesday a project development agreement for the world’s largest floating solar photovoltaic (PV), power plant. With a capacity of 200 megawatt, the plant will cover an area of ...

Abu Dhabi / WAM The United Arab Emirates commemorates its 46th National Day on December 2, a day that embodies the very Spirit of the Union and inspires the nation to celebrate 46 years of great achievements since the federation of the seven emirates was established in 1971. The pattern of celebrating the country’s National Day was initiated by the ...

Bloomberg SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company. SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering ...

Bloomberg Gaw Capital Partners and Goldman Sachs Group Inc. are part of a consortium buying a portfolio of shopping malls in Hong Kong from Link Real Estate Investment Trust for HK$20 billion to HK$25 billion ($2.6 billion to $3.2 billion), according to people familiar with the matter. Gaw will be the largest investor in the deal, while Goldman Sachs will ...

Bloomberg Anglo-Dutch consumer-goods giant Unilever wants to consolidate its headquarters in the UK or the Netherlands, but Brexit is making it harder to choose. The maker of Ben & Jerry’s ice cream and Dove soap said in a statement that a review of the dual structure is “progressing well,” after CEO Paul Polman told the Financial Times he would advocate ...

Bloomberg London homes are less affordable than ever before, despite slowing price growth and government attempts to cut the cost of housing for first-time buyers. It now costs the average Londoner 14.5 times their annual salary to purchase a home, the highest level on record, according to a report by researcher Hometrack. Cambridge, Oxford and the English seaside town of ...

Bloomberg Mercedes-Benz, conducting the biggest test using drones to ship everyday items like ground coffee and cellphones, said the mini aircraft completed 100 drop-offs to strategically placed vans in Zurich with a perfect safety record and more deliveries are planned for next year. About 50 individual customers placed orders with Swiss online shopping platform Siroop, choosing “airmail deals” from selected ...

Bloomberg Hillary Clinton hit out at both US President Donald Trump and Chinese leader Xi Jinping in remarks via video to a conference in Beijing. Clinton, a former secretary of state, said the Trump administration had retreated from diplomacy. She called on both the US and China to avoid “bluster” or “personal taunts” in dealing with North Korea, and said ...

ABU DHABI / WAM The Supreme Petroleum Council (SPC) presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman of the SPC, on Monday approved ADNOC’s key strategic investments programme and future opportunities, as the oil and gas company expands its 2030 strategy, ...

Abu Dhabi / WAM The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, held an extraordinary meeting at Louvre Abu Dhabi, in conjunction with the UAE 46th National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum congratulated the UAE and its people on the ...