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Equity selloff deepens as recession fears grow

  Bloomberg US equity-index futures dropped with European stocks amid concern the resolve of central banks to continue their fight against inflation will tip the economy into a recession. Contracts on the S&P 500 and Nasdaq 100 fall at least 1.1% each after the underlying indexes posted their biggest declines since November 2. Europe’s Stoxx 600 slid to a five-week ...

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Dubai ranks second globally in top City Destinations of 2022

  Dubai / WAM Dubai has cemented its first place for a second consecutive year in the region, ranking second globally in the Top City Destinations Index 2022 of Euromonitor. The UK-based market research company in its latest rankings has uncovered the top city performers for economic and business activity, with thriving tourism infrastructure and performance that show great potential ...

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UAE’s Amea Power to build solar project in South Africa

  Dubai / WAM Amea Power announced on Thursday that it has been awarded a 120 megawatts (MW) solar photovoltaic (PV) project in South Africa as part of the sixth bid submission phase of the renewable energy independent power producer procurement (REIPPP) Programme. The Doornhoek PV project will sell electricity to the state utility, Eskom, under a 20-year power purchase ...

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