ABU DHABI / WAM Ewec (Emirates Water and Electricity Company) and Abu Dhabi Future Energy Company PJSC — Masdar, have signed a Power Purchase Agreement (PPA) for power generated from the UAE’s first utility-scale Wind Programme. The agreement was signed following the official UAE Wind Programme inauguration presided over by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown …

BLOOMBERG Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three …

BLOOMBERG European shares crept higher following three straight loss-making days, after softer US economic data sparked a late bounce on Wall Street and soothed fears of a Federal Reserve interest rate hike next month. Gains were fragile however, with Europe’s Stoxx 600 index edging just 0.1% higher after closing at the lowest in more than six months, while futures for …