ABU DHABI / WAM Wednesday marked the third anniversary of the start of the Shams 1 Concentrated Solar Power (CSP) plant’s operations. Shams 1, which occupies 2.5 square kilometres and has a power generating capacity of 100 megawatts, is the first of its kind in the Middle East and North Africa region, according to Masdar. Shams 1 is a project ...

Bloomberg Oil rallied after the biggest two-day slump in a month as some OPEC members planned to meet with other producers next month to resume talks on capping production. Futures advanced as much as 2.3 percent in New York after falling 5.6 percent the previous two sessions, the biggest two- day slide since Feb 11. Members of the Organization of ...

Dubai / WAM The third edition of the largest entrepreneurship conference in the Middle East and North Africa region, SME World 2016, has been inaugurated in Dubai by Abdul Baset Al Janahi, CEO of Dubai SME. He also presented the Disruptive Entrepreneur Awards 2016 to six winning SMEs in two categories, Start-up and Established SME Business. The summit was held ...