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Dubai records 6.3% jump in energy demand in H1 2022

  Dubai / WAM Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (Dewa), announced that energy demand in Dubai during the first half of 2022 increased by 6.3% compared to the same period in 2021. Demand for energy in the first half of 2022 reached 23,096 GWh compared to 21,729 GWh in the first half of 2021. ...

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DIFC Courts sees 10% rise in volume of cases

  Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...

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The Big Tech apples may have further to fall

There’s no doubt what July 18’s biggest market news was in New York. Apple Inc stock fell more than 2% in its worst session in almost three weeks after Bloomberg revealed the company’s plans to slow hiring and spending to cope with a potential economic downturn. The news, shortly after midday, sparked an immediate tumble. Until now, shares of the ...

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