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Dewa commissions 389 11kV substations in Q3 of 2022

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of its efforts to deliver state-of-the-art infrastructure according to the highest international standards. These stations are mainly located at Wadi Al Safa Fifth, Al Merkad, Madinat Al Matar and Al Yalayis 1. The construction of ...

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‘UAE Codes’ Day hackathons attract 200 students from 50 schools

Dubai / WAM The Emirates Schools Establishments (ESE), in cooperation with the National Programme for Coders, organised school hackathons that attracted more than 200 participants from 50 different schools across the UAE, along with coding ambassadors to activate their coding role on the “UAE Codes” Day. The Hackathons that started on October 29 as part of the “UAE Codes” day, ...

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UK banks park $1.5b to cover bad loans as recession looms

Some of the UK’s biggest high street banks are bracing themselves for trouble. Barclays Plc, Lloyds Banking Group Plc and NatWest Group Plc have together put aside nearly £1.3 billion ($1.5 billion) to cover bad loans, earning reports this week showed. HSBC Holdings Plc, which makes most of its money in Asia, also set aside $200 million “in respect of ...

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