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RTA’s AED150mn Deira Islands bridge to link new waterfront

  Dubai / WAM A bridge will open this week to provide an important link in what will become Dubai’s new waterfront, which includes four man-made islands, hundreds of hotels, apartments, multi-use buildings and marinas. Dubai’s Roads and Transport Authority (RTA) will open the AED 150m ($40.8m) bridge leading to local developer Nakheel’s Deira Islands project next Friday. “The project undertaken ...

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Phase-III of Bloom Gardens to be handed over before schedule

  Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, announced the delivery of Phase 3 of its Bloom Gardens master development prior to the scheduled hand-over in Q1, 2017. One of the most prestigious residential addresses on Abu Dhabi Island, Bloom Gardens Phase 3 comprises 147 residential units ...

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Republicans reject reports Russia helped Trump win election

  Washington / AFP Republicans rejected reports of a secret CIA assessment finding that Russia sought to tip the US presidential election in Donald Trump’s favor, as a Democratic Senate leader called for an investigation. “The intelligence is wrong,” Republican National Committee spokesman Sean Spicer told CNN. “It didn’t happen.” He was referring to a New York Times report saying ...

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DWTC welcomes 1 million visitors

  Dubai / Emirates Business Dubai World Trade Centre (DWTC), the leading destination for business and trade events in the region, will have hosted a total of 63 consumer and entertainment events until the end of 2016, welcoming over one million visitors. This diverse calendar of entertainment events, ranging from theatrical performances and music festivals to consumer shows and sporting ...

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Dulsco partners with Dubai Municipality to recycle CFL bulbs

  Dubai / emirates business Regional leader in human resources and waste management – Dulsco, is offering to collect energy-efficient lightbulbs across UAE which has potential environmental risks associated if improperly disposed. Dulsco has partnered with Dubai based ‘LAMPS4U’ – a sustainable solutions and technologies company in order to process the recycling of CFL bulbs in an eco-friendly manner. The ...

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Fukushima disaster-related costs to double to $188bn

  Bloomberg Cleaning up the March 2011 Fukushima nuclear disaster, the world’s worst atomic accident since Chernobyl, will cost almost twice as much as originally expected as decommissioning expenses increase, according to Japan government estimates. Total costs will rise to 21.5 trillion yen ($188 billion), up from a previous estimate of 11 trillion yen, Japan’s Ministry of Economy, Trade and ...

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SAIL posts sixth straight quarterly loss

  Bloomberg Steel Authority of India Ltd., the country’s top producer, booked a loss for the sixth straight quarter, almost in line with analyst estimates, as costs increased. The company lost 7.3 billion rupees ($108 million) in the three months through September compared with a shortfall of 11.1 billion rupees a year ago, the company said in a statement. That ...

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Oil sands producers in Canada eye expansions

  Bloomberg Canadian oil sands producers are finally ready to grow again as Cenovus Energy Inc. and Canadian Natural Resources Ltd. announce they are pushing ahead with expansion projects two years into the worst crude slump in decades. Cenovus said that the company will proceed with its 50,000 barrel a day phase G expansion at its Christina Lake oil sands ...

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Alphabet executives to attend Trump tech meeting

  Bloomberg President-elect Donald Trump’s sit down with technology titans next week will have two marquee attendees: Alphabet Inc.’s Larry Page and Eric Schmidt. Page, chief executive officer of the Google parent company, and Schmidt, the chairman, were planning on going to the meeting, a person familiar with the decision said late Friday. The person asked not to be identified ...

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Syria army advances in Aleppo but rolled back in Palmyra

  Aleppo / AFP Syria’s army pushed forward in Aleppo on Sunday as thousands fled rebel-held areas but its forces lost ground to the south where the IS group recaptured the ancient city of Palmyra. After a sudden withdrawal by regime forces, IS extremists made a lightning-fast advance across Palmyra, sparking new worries for its remaining ancient treasures. Forces loyal to ...

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