DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), inspected the work progress at the 950MW 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase uses the Independent Power Producer (IPP) model with investments up to AED 15.78 billion. It is set to provide clean energy for approximately ...

DUBAI / WAM DP World and Türkiye’s Evyap Group have agreed to form a strategic equity partnership between DP World Yarimca Port and Evyap Port. The partnership aims at enhancing and growing trade infrastructure by focusing on improving container port facilities and enhancing efficiencies in the key Marmara gateway market. Following the completion of the transaction, DP World will own ...

ABU DHABI / WAM Abu Dhabi University (ADU) has ranked the 13th best University globally, among the Top 20 Small Universities in the World, out of 81 academic institutions across 33 locations, by the Times Higher Education World University Rankings 2023 (THE). The ranking aligns with the university’s continuous endeavours to introduce competitive and accredited programmes that align with the ...

BLOOMBERG Xpeng Inc’s shares soared after it agreed to buy Didi Global Inc’s smart-car development arm in a deal that both eliminates a potential competitor in the crowded electric-vehicle market and gives it a tech-savvy partner in a new venture. The HK$5.84 billion ($744 million) all-stock deal will see Didi emerge with a 3.25% stake in Xpeng, according to an ...

BLOOMBERG The electronics arm of electric-vehicle maker BYD Co agreed to buy Jabil Inc’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena. BYD Electronic International Co, a non-wholly owned unit of one of China’s biggest EV makers, is taking over the US company’s product manufacturing business located in ...

BLOOMBERG The first analyst to cover Aston Martin after the carmaker’s 2018 initial public offering has finally recommended buying the stock. Jefferies’ Philippe Houchois lifted his rating to buy from hold, saying the British company’s net debt has stabilised and a refocus on traditional “front engine” cars like the DB12 and Vantage should benefit sales. Houchois gave Aston Martin an ...

BLOOMBERG Hyundai Motor Co is facing a pressure campaign from a coalition of labour groups and civil rights groups in Alabama and Georgia, the home of its new $5.5 billion electric vehicle assembly and battery complex. The coalition is asking Hyundai to negotiate a community benefits agreement that will “enshrine high-road commitments to workers and their communities in an enforceable ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree calling the municipal councils in the Emirate of Sharjah to convene for the first ordinary session of the 19th annual term. The Decree stipulated that the municipal councils in the Emirate shall be called to convene for ...

SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council (SEC), in the presence of HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Council, on Tuesday chaired the council’s meeting. During the meeting held in the Sharjah ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has announced that preparations are currently underway to draft a national policy to enhance women’s health by providing tailored healthcare within a unified, multisectoral national framework, in collaboration with strategic partners. As the nation commemorates Emirati Women’s Day, the initiative aims to support the UAE’s efforts being made to deliver ...