SHARJAH / WAM Sharjah Electricity, Water and Gas Authority (Sewa) has concluded the extension project of a crucial main pipeline with a diametre of 800mm, aimed at transporting water from Al Zubair Station to Al Shanouf Suburb. This significant endeavour, initiated in mid-July 2022, utilised environmentally friendly materials to ensure water quality, while effectively catering to the growing demand for ...

BLOOMBERG Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance. Domestic-currency bonds are this year’s developing-world winners, handing money managers far stronger returns than hard-currency debt or equities, according to data compiled by Bloomberg. BlackRock Inc has started calling local ...

BLOOMBERG The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. A torrent of speculative coins led to a record number of transactions and an 11-fold spike in processing fees on the blockchain in May, creating a logjam and forcing the Binance exchange to temporarily halt Bitcoin withdrawals. The tumult has ...