ABU DHABI / WAM The consortium led by Masdar and EDF Renewables, both global leaders in renewable energy, and Nesma Company, announced on Saturday it has reached financial close on a 300-megawatt (MW) utility-scale photovoltaic (PV) solar power plant in Jeddah and is starting construction. The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy awarded the ...

ABU DHABI / WAM The UAE tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 — the second highest in the world behind ...

Bloomberg Boeing Co will need to inspect hundreds of undelivered 737 Max jets for a potential flaw in their electrical power systems, said people familiar with the matter. About 450 Max planes built since early 2019 could potentially require repairs, a total that includes about 90 aircraft in commercial operation, said the people, who asked not to be named because ...