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Wal-Mart revamps manager roles right after pay hike

Bloomberg A day after embarking on a pay hike, Wal-Mart Stores Inc. is taking steps to shake up management at thousands of its stores. The world’s biggest retailer is removing about 3,500 store co-managers, a salaried role that acts as a lieutenant underneath each store manager, according to people familiar with the move. It’s also adding about 1,700 assistant store ...

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DEWA okays $7.2bn budget for 2018

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) approved a total budget of AED26.417 billion ($7.2 billion) for 2018, compared to AED24.358 billion in 2017. The 2018 budget incorporates investments in conventional and non-conventional energy sources, adva- nced technologies and innovative projects to realise the vision of Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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Barakah sets new global standards

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) participated in the second Atlantic Council Global Energy Forum in Abu Dhabi, held by The Atlantic Council and in partnership with the UAE Ministry of Energy, ADNOC, Mubadala, and Masdar. ENEC Chief Executive Officer, Mohamed Al Hammadi, addressed participants during the opening of “A New Age for Nuclear Energy” plenary ...

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