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Dubai South welcomed 650 new companies in 2020

DUBAI / WAM Dubai South announced that its Business Park succeeded in attracting 650 new companies as well as leasing of 945,488 square feet of space in 2020 despite the challenging times. In light of the impact of Covid-19 on the business landscape last year, Dubai South realigned its offerings and rolled out an array of stimulus packages to support ...

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British power grid system creaks at risk of blackouts

Bloomberg The UK power market is showing signs of strain. For the fourth time this winter National Grid Plc warned that the buffer needed to ensure security of supply and keep the lights on was too small. While the UK has made swift progress on switching from fossil fuels to renewables, this is the downside to cleaning up its energy ...

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South Sudan’s major power provider closes

Bloomberg South Sudan’s main electricity provider will stop supplying power to the national grid after the government failed to allocate the foreign exchange it needs for operations. The Ezra Construction and Development Group supplies 33 megawatts to the Juba Electric Distribution, for which it is paid in foreign exchange. The government is contractually obliged to allocate Jedco hard currency as ...

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