Emirates Business Shams 1 Concentrated Solar Power (CSP) plant has marked its three successful years of operation. The plant, 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. Shams 1, which takes its name from the Arabic word for ‘sun’, is ...

Dubai / Emirates Business Dubai Electricity and Water Authority, DEWA, has launched its ‘Shine a light on Climate Action’ campaign, to raise awareness on the dangers of the increasing effects of climate change. The campaign was launched by DEWA in preparation for Earth Hour 2016, and supports the Green Economy for Sustainable Development Initiative, launched by Vice President and Prime ...

Dubai / Emirates Business The Middle East’s leading finance comparison website, compareit4me.com, has launched the region’s first car insurance comparison portal, giving car owners in the UAE a chance to save thousands of dirhams on their insurance. The portal allows users to get instant prices from online leading insurers. Better yet, for the first time in the UAE, users have ...

Emirates Business During the 21st Dubai International Pharmaceuticals and Technologies Conference and Exhibition (DUPHAT), HE Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Policy and Licensing of the Ministry of Health & Prevention and Vice Chairman for Supreme National Drug Registration and Pricing Committee, has underscored the UAE’s status as one of the leading global hubs for major international ...

Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has revealed that more than 2,000 entries and 42 portfolios have been shortlisted for the ninth edition of the Emirates Photography Competition, one of the most important professional photography competitions in the world. Winners will be announced at a glittering awards ceremony to be held in ...

London’s future status as the financial capital of Europe is a key factor in the debate about whether the UK should leave the European Union. It would be a mistake for either side of the argument to underestimate quite how aggressively London’s competitors would attempt to wrest trading revenue away from the UK capital should the June 23 referendum vote ...

Economic reforms are much like New Year’s diet resolutions: easily announced and easily forgotten. So perhaps it shouldn’t be surprising that the pronouncements that have emerged from China’s National People’s Congress — pledges to slash overcapacity, open up the financial system, accept lower growth — echo unfulfilled promises from previous Party gatherings. Still, China prides itself on being different. The ...

A little more than a decade ago, Hong Kong was the world’s busiest port. Giant vessels competed to get into the city’s berths, waiting to load and unload containers filled with goods manufactured just over the border in China’s factory towns. Back then, Hong Kong still expected that its freewheeling commercial culture could change China for the better. And trading ...

BLOOMBERG The dollar extended its best run of gains in a month and oil rallied before the Federal Reserve’s policy review on Wednesday that may shed light on the timing of U.S. interest-rate increases. America’s currency climbed versus the yen after Bank of Japan Governor Haruhiko Kuroda said the Asian nation’s key rate could theoretically drop to minus 0.5 percent. ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.66% to close at 4443.67 points. Accordingly the Market Capitalization has lost AED 4.81 billion attaining AED 720.82 billion. A total of 0.59 Billion Shares were traded with a total value of 0.84 Billion AED during the trading session of 16-03-2016 through 8618 transactions. The number of companies which ...