DUBAI / WAM The Hatta solar project has enabled building owners to install solar panels on their rooftops to generate electricity from solar power as part of the Shams Dubai initiative. Implemented by Etihad ESCO, it is the largest residential rooftop solar PV project in the region. The Hatta solar project consists of 640 solar powered villas, supporting the Hatta ...

Bloomberg Alphabet Inc.’s Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, regulatory filings in the Netherlands show — saving the company billions of dollars in taxes that year. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich,” to shield the majority of its international profits from taxation. The setup involves ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) will publish and ‘go live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which was completed on December 7, 2017. The new enhancements cover the prudential supervision of banks, insurance ...