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China creates new economy gauges of innovation

  Beijing / Bloomberg China is adding new instruments to its economic dashboard that will incorporate big data to help better track innovation and entrepreneurship in the new economy. Three indicators tracking innovation, entrepreneurship and the new economy are rolling out this year to gauge output in those fast-moving, category-bending and hard-to-measure sectors. All three will be distilled partly from ...

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DEWA holds training for students of Carbon Ambassadors Programme

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) organised the third batch of training sessions for 75 students of the Carbon Ambassadors Programme, the next generation of leaders and experts, who will implement ambitious national strategies and plans as well as contribute to innovating new initiatives and programmes, as part of the Dubai Clean Energy Strategy 2050. Conducted ...

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ENEC installs Unit 3 SGs at Barakh Nuclear Energy Plant

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC) announced the successful installation of its Unit 3 Steam Generators (SGs) marking another milestone in the development of the UAE’s first nuclear energy plant through the UAE peaceful nuclear energy programme. Steam Generators play a key role in the conversion of energy generated by nuclear fission into electricity which will ...

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Turkey starts releasing 38,000 jailed for pre-coup crimes

  Ankara / AFP Turkey on Wednesday began freeing the first of some 38,000 prisoners not linked to the failed coup who are to be released in a move aimed at relieving pressure on prisons overcrowded with putsch suspects. The parole decision came as Turkey presses on with the biggest purge in its modern history after the July 15 bid ...

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Aldar to boost innovation at Yas Island’s ‘The District’

  ABU DHABI / Emirates Business Aldar Properties PJSC (Aldar) — in its role as Platinum Sponsor for Yas Island’s ‘The District’ — will present the Aldar Innovation Lab, running from August 18 – September 17. The District, part of the Abu Dhabi Tourism & Culture Authority-organised Abu Dhabi Summer Season, is located in the du Forum and is a ...

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IRTHI showcases Emirati talents on global platform

  Sharjah / Emirates Business The talents of the UAE’S traditional craftswomen and its emerging designers have been successfully highlighted on an international stage following a trade delegation to London. The recently concluded mission, organised by Sharjah-based Irthi Contemporary Crafts Council (Irthi), that operates under NAMA Women Advancement Establishment (NAMA) offered a unique opportunity to showcase and support the creative ...

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UK jobs market shows resilience for now against Brexit fallout

  Bloomberg Britain’s labor market isn’t cracking under the weight of Brexit yet. Companies added 172,000 jobs in the second quarter and the unemployment rate held at 4.9 percent, showing resilience in the buildup to the June 23 referendum when the UK decided to quit the European Union. While the data available for July—after the vote—are more volatile, they show ...

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Poland brings wind works to standstill with $131mn at risk

  Bloomberg Poland’s law restricting the proximity of turbines near homes is bringing the wind-energy industry to a standstill, according to environmental researchers. At stake are more than 500 million zloty ($131.4 million) spent by investors to date on developing wind projects, according to a survey published on the website of Ambiens sp. z o.o. Environmental consultants last month polled ...

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Australia LNG export boom nips Santos

  Bloomberg After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas. The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is having to buy expensive local supplies to fill the gap. Meanwhile, prices for the ...

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‘Nickel emerging as best bet for investors’

  Bloomberg Nickel’s rally is only just getting started, making the metal an attractive bet for investors, according to Jinchuan Group, China’s biggest producer of the refined metal. Tightening global supplies because of a mining clampdown in the Philippines and rising demand from the stainless steel industry in China will push prices higher even after they climbed 35 percent from ...

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