Abu Dhabi / Emirates Business Hydra Properties announced the progress of two of its developments, Hydra Avenue and Hydra Village, at the Cityscape Abu Dhabi property exhibition. According to the announcement, Hydra Village Zone 8 in Shahama, is now 70% complete with an expected handover date of Q4 2017. While Hydra Avenue phase 2 in Reem Island is progressing …

  Bloomberg The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to the UK, made obsolete by competition from cheaper wind and solar power. After more than 500 years …

  Bloomberg Norway can’t afford an abrupt cut in spending if the economy of western Europe’s biggest oil and gas producer is to continue growing, according to the man who most polls suggest will be prime minister after elections this year. Jonas Gahr Store, the leader of Norway’s opposition Labor Party, warned against a sudden adjustment after record expenditure by …