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  Bloomberg Electricity prices from Boston to Dallas sank to their lowest levels ever in 2016, presenting new challenges for generators more than a decade after the industry was deregulated. Power prices plunged this year as cheap natural gas cut fuel costs, and wind and solar alternatives came online. Consumers also used less electricity for the second straight year, despite ...

  Dubai / Emirates Business Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – met with the Dubai Land Department on Thursday, following their recent announcement of 50 new projects for the coming year. The developer discussed Dubai’s economic situation, the current market conditions and predictions for the upcoming year as well as ...

  DUBAI / Emirates Business Dulsco, a regional leader in human resource solutions and waste management services, and Port of Fujairah jointly hosted a training session on ‘Safety Leadership’ for industry professionals across UAE. This is along the sidelines that UAE strictly follows international safety standards within the industrial and manufacturing sector and its endeavour for zero incidences at any ...

  Dubai / Emirates Business Messe Frankfurt Middle East has rounded off another prosperous year in 2016, reporting robust growth across its event portfolio as it expanded into new markets and industry sectors. The Dubai-based trade fair organiser’s nine exhibitions combined featured 6,000 exhibitors from 60 countries in 2016, six per cent more than 2015, and representing a compound annual ...

  Dubai / WAM Dubai Municipality recently launched the international star system for rating services, encouraging the provision of quality services and measuring the levels of customer happiness using scientific methods. Hussain Nasser Lootah, Director-General of Dubai Municipality, said that the adoption of the initiative aims to improve the work mechanism of service provision, and raise the competitive level of public ...

  Moscow / AFP Russia President Vladimir Putin on Thursday announced a nationwide ceasefire deal to come into effect across Syria from midnight and that the warring parties had agreed to sit down for peace talks. The deal brokered by Russia and Turkey could represent a major breakthrough in nearly six years of war in Syria and comes a week after ...

  Baghdad / AFP Iraqi forces advanced on Thursday after declaring a new phase in their offensive on eastern Mosul, stepping up efforts to reclaim the IS group’s last major stronghold in the country. Elite forces have reconquered several parts of eastern Mosul since beginning the massive operation to recapture the northern city from the extremists on October 17, but ...

  Bloomberg China plans to spend 3.5 trillion yuan ($503 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail network will span more than 30,000 kilometers (18,650 miles) under the proposal, according to details released at a State Council Information Office briefing ...

  Bloomberg China’s diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday. Implied diesel demand in October in China, the world’s second-largest oil user, rose to 3.4 million barrels per day, ...

  Bloomberg For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for- diesel competition with market leaders including Volkswagen AG. The Japanese carmaker’s strategy is finally paying off. In the first full year since Volkswagen’s emissions scandal threw the German giant into disarray, Toyota is on track for roughly a 40 percent jump in ...