Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), and its subsidiary responsible for the operation and maintenance of the Barakah Nuclear Energy Plant, Nawah Energy Company (Nawah) have marked a key milestone in their joint efforts to develop the UAE’s nuclear energy supply chain with the qualification of Adnoc Distribution as the first local supplier of petroleum products. ...

RAS AL KHAIMAH / WAM RAK Leisure, the subsidiary of RAK Hospitality Holding, has announced the launch of 1484 by Puro on October 1. The highly anticipated restaurant located atop the Jais Adventure Peak is named for its height of 1,484 metres above sea level and is the UAE’s highest restaurant offering. Located next to the Jais Adventure Centre, 1484 ...

Dubai / WAM The Dubai-headquartered telecom operator du will get AED800 million from selling its 26 percent stake in Khazna Data Centre to Abu Dhabi’s Technology Holding Company. Net revenue from the deal could be about AED521 million. It was last week that the du management confirmed there were moves to divest its Khazna stake. Once the transaction is complete, ...

DUBAI / WAM Dubai’s Emirates Airlines has announced it will resume its A380 service to Moscow Domodedovo Airport (DME) following an increase in market demand. “The airline resumed flights to the Russian capital last week and due to strong passenger demand, its iconic Emirates A380 will operate the Dubai to Moscow route starting September 18,” Emirates said in a statement. ...

Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) announced that it has signed a Memorandum of Cooperation with “elGrocer”, to optimally utilise the capabilities of the two parties to serve entrepreneurs, particularly in the field of e-commerce to ensure the growth and development of their business through technologies available. “elGrocer” is an electronic platform that acts as ...

If Europe has a strategy to stop the spread of Covid-19, it’s keeping it well hidden. France’s President Emmanuel Macron has vowed not to go back to the dark days of national lockdown, preferring instead to “live” with the coronavirus disease, but his government is struggling to halt a jump in cases. France reported more than 10,000 new cases in ...

Japan Inc should rejoice at the prospect of a new premier: It can only get better from here. Yoshihide Suga, the top aide to Prime Minister Shinzo Abe, has been elected leader of the ruling Liberal Democratic Party in a landslide, paving his way to the country’s top post. Parliament’s vote on Wednesday will make it official. For industrial Japan, ...

Sony Corp really didn’t need this. At a time when its collection of businesses, from movies to sensors, are all declining, the Japanese conglomerate had one bright spot on the horizon: a new games console. Now the company, and its investors, will need to wait a little longer for that fresh high. Sony has been forced to cut its own ...

As Covid-19 continues to stretch the UK’s public finances, with the deficit possibly approaching 20% of GDP this year, the autumn budget is expected to address the wide gap between tax revenues and spending. The impact is likely not just to be economic, but also political. Number Cruncher recently polled 1,000 British adults on the choices ahead. On the question ...

Bloomberg Alibaba Group Holding Ltd is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc, according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc, one of the people ...