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Unit 3 of Barakah nuclear plant begins commercial operations

Abu Dhabi / WAM Emirates Nuclear Energy Corporation (Enec) announced that its operating and maintenance subsidiary Nawah Energy Company (Nawah), has commenced commercial operations of Unit 3 of Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi. As the third unit to be delivered in three consecutive years, this major accomplishment adds a further 1,400 megawatts (MW) ...

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UAE, Kuwait trade soars to 87% to AED43b in 10 years

  Abu Dhabi / WAM Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years to reach AED43 billion by the end of 2022, compared to AED23.3 billion in 2013, according to preliminary data issued by the UAE’s Federal Competitiveness and Statistics Centre (FCSC). The FCSC data showed that the total trade between ...

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Sheikha Fatima directs treatment for Syrian quake victims in UAE hospitals

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation and Honourary President of the Emirates Red Crescent (ERC), has directed to arrange medical treatment for a number of Syrian earthquake victims, including children, in the UAE hospitals. ...

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Expo Centre Sharjah wraps up ‘Paper One Show’ on high note

Sharjah / WAM Expo Centre Sharjah (ECS) wrapped up the eighth edition of Paper One Show on a high note. The exhibition managed to cement its leading position as one of the key regional events specialised in the paper industry. The event’s eighth edition – organised by Al-Furat Fair Organiser and supported by Sharjah Chamber of Commerce and Industry (SCCI) ...

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BP aims to transform carbon into cash with limestone play

  Bloomberg A plan to turn carbon dioxide into limestone — and sell it at a profit — is getting some high-profile backing as BP Plc signs a deal with a San Antonio chemical company that aims to transform greenhouse gas emissions from a liability to a commodity. Under the arrangement, BP and CarbonFree Chemicals Holdings LLC will collaborate to ...

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Harnessing waste heat from Europe industries could save $71.3 billion

  Bloomberg Europe’s industries and transportation systems waste so much heat that capturing the excess and reusing it could save consumers more than €67 billion ($71.3 billion), a Danish engineering company said. The surplus produced each year by factories, supermarkets, wastewater facilities, data centers and subways amounts to 2,860 terawatt-hours, nearly the same as the European Union’s total demand for ...

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UK needs to raise ‘green finance game’ or may fall behind EU, US

  Bloomberg The UK needs to advance its green finance agenda or risk falling behind as rivals pursue ambitious regulatory and subsidy programs, according to an expert panel advising the government. The nation’s Green Technical Advisory Group (GTAG) said the government should provide clarity to investors on what a green investment is through a so-called taxonomy. The UK’s rules should ...

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DOJ seeks Google sanctions over deleted texts in antitrust suit

  Bloomberg Alphabet Inc’s Google urged employees to discuss sensitive topics via chats that would be automatically deleted after 24 hours and the company should face penalties for failing to preserve records needed for an antitrust suit, Justice Department lawyers told a federal court. Google assured the government’s lawyers that it was maintaining all records starting in November 2019, according ...

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Beyond Meat stock jumps on lower costs, higher-than-expected sales

  Bloomberg Beyond Meat Inc surged in late trading after reporting fourth-quarter sales that exceeded expectations and the plant-based meat maker showed progress towards its goal of becoming profitable. Fourth-quarter revenue of $79.9 million was above the average estimate of $75.7 million compiled by Bloomberg. It surpassed expectations in US sales to retailers and restaurants, as well as in international ...

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China’s ceasefire proposal for Ukraine falls flat with US, allies

Bloomberg China called for a ceasefire between Russia and Ukraine in a position paper on ending the war that offered some reprieve to Moscow but was quickly dismissed by Kyiv’s allies as the conflict enters its second year. Several of the 12 points outlined by China in the document would, if carried out, offer clear benefits to Russian President Vladimir ...

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