DUBAI / WAM Dubai Electricity and Water Authority (Dewa), awarded the Strabag Dubai LLC, Strabag AG, Andritz Hydro and Ozkar consortium the construction contract for the AED1.437 billion pumped-storage hydroelectric power station at Hatta. This is part of the Comprehensive Development Plan for Hatta, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...

Bloomberg Drones attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia but failed to disrupt production, the kingdom’s Oil Minister Khalid Al-Falih said. Aramco extinguished a small fire at a natural gas liquids plant at Shaybah on Saturday morning, it said in a statement. There were no casualties and oil operations were not interrupted by the ...

Bloomberg For Brits looking to escape the UK in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. Growing resistance among opposition lawmakers to a no-deal Brexit has led traders to ...