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Venezuela to cut energy output if key dam falls to critical low

Caracas / Reuters Venezuela will reduce power generation if the key Guri dam, which supplies around half of the blackout-hit country’s electricity, falls below a minimum level that is fast approaching, an official said. A severe drought, coupled with what critics say is a lack of investment and maintenance in energy infrastructure, has hit the South American nation which depends ...

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Masdar City’s innovative approach drives growth

Abu Dhabi / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies. “Around 35 percent of the planned built-up area will be completed over the next five years — up from ...

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Goody ventures into UAE’s lucrative FMCG sector

Sunaina Rana / Emirates Business The United Arab Emirates is one of the largest consumers of international and domestic brands across the region. The country is also considered a safe haven within the Middle East, with well-developed infrastructure and a tax-free environment. Gauging the immense scope in the industry, Saudi Arabia’s leading packaging company Goody is all set to collaborate ...

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