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  Dubai / Emirates Business DEWA’s 200MW Photovoltaic Plant Project Activity successfully achieved the Clean Development Mechanism (CDM) registration under UNFCCC with an initial crediting period of seven years. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site project of its kind in the world. It will generate 1,000MW by 2020, and 5,000MW by 2030, with total ...

  Bloomberg India plans to sell as much as 50 billion rupees ($750 million) of offshore rupee bonds in London and Singapore and use the proceeds to accelerate construction of roads and ports in Asia’s third-largest economy. State-owned National Highways Authority of India will raise the funds, Transport Minister Nitin Gadkari said, adding that the masala bonds are expected to ...

Bloomberg India will abolish the country’s largest currency notes in a fight against unaccounted wealth and corruption, Prime Minister Narendra Modi said in an unscheduled address to the nation. The government will scrap 500 rupee and 1,000 rupee notes from Wednesday. The notes in circulation will have to be deposited in banks by end of December, he said in a ...

  Bloomberg Vestas Wind Systems A/S slumped after Chief Executive Officer Anders Runevad said growth may slow next year after third-quarter results were strong enough to boost his outlook for this year. Runevad said 2016 will be an “extraordinary year” for the Danish manufacturer of wind turbines and that sales are likely to slump in the US in 2017, the ...

  Bloomberg As Switzerland’s watch industry goes through the longest slump in decades, there’s one area that’s actually growing: rare vintage timepieces. A stainless steel Patek Philippe chronograph that’s one of four known to exist will go under the hammer at Phillips, which has built a reputation handling the most rarefied timepieces and estimates the model is worth more than ...

  Al Ain / WAM The UK-UAE Year of Culture 2017 was inaugurated in a star-studded ceremony at the historic Jahili Fort in the UAE’s inland oasis-city of Al Ain on Monday evening in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, His Royal Highness Prince Charles, ...

  Dubai / Emirates Business Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum launched an AED1.3 billion Comprehensive Development Plan for Hatta area in the emirate of Dubai on Monday. The plan aims to boost the area’s social and economic attractiveness as a world-class environmental tourist destination. It will cover ...

  Abu Dhabi / WAM The largest ever Abu Dhabi International Petroleum Exhibition and Conference (Adipec), opened on Monday, marking the start of four days of high-level industry discussions that will shape policies and strategies for the new energy landscape. The event was inaugurated by HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court. Held ...

  Sharjah / Emirates Business A rare example of the passenger aircraft that is synonymous with early jet air travel in the UAE made its final journey when it arrived in Sharjah this month. The front section of a Vickers VC10, fondly nicknamed ‘The Queen of the Skies’, recently arrived from the UK by boat before being driven through the ...

  Ain Issa/ AFP A US-backed Kurdish-Arab alliance pushed closer to Raqa and Iraqi forces seized a key town near Mosul as offensives advanced on Monday against the two IS group strongholds. After announcing the start of the long-awaited offensive on Raqa on Sunday, the Syrian Democratic Forces (SDF) alliance said it had moved south towards the city despite fierce extremist ...