Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 93% of the 829 megawatts (MW) 4th phase of the H-Station power plant in Al Aweer with investments totalling AED 1.1 billion. This phase will increase Al Aweer Power Station Complex total capacity to 2,825MW under climate conditions of 50 degrees celsius and 30% relative humidity. Key testing ...

  Dubai / WAM The Museum of the Future (MOTF) has received a global award recognising its commitment to diversity, accessibility, inclusion, and equity, reflecting its vision for a brighter future that is designed with everyone in mind. The museum won a Roy L. Shafer Leading Edge Award, also known as an ‘Edgie’, which is presented by the Association of ...

Dubai / WAM Under the patronage of the Ministry of Climate Change and Environment and in association with the Ministry of Community Development, the 21st cycle of the nationwide campaign, the “Clean UAE” reached its 4th stop – the emirate of Dubai. Armed with the successes achieved in the previous stops in Ajman, Fujairah and Sharjah, Emirates Environmental Group (EEG) ...

  Bloomberg Albertsons Cos was ordered by a Seattle-area judge to keep its $4 billion special dividend on hold until December 19 while Washington’s attorney general asks the state supreme court to halt the payment during a regulatory review of the grocery chain’s pending merger with Kroger Co. The last-ditch appeal to block the dividend in Washington comes as other ...

  Bloomberg Tata Group-owned Air India Ltd is close to signing a deal with Boeing Co to buy up to 150 737 Max planes, marking the first major aircraft order after the carrier’s privatisation, the Economic Times reported, citing people it did not identify. Air India is likely to place a firm order for 50 737 Max jets with an ...

  Bloomberg Airbus Chief Executive Officer Guillaume Faury warned that European aerospace suppliers are starting to move to the US to escape surging energy costs and urged governments to provide tax breaks to halt the flow. Some German companies, for example in the chemicals sector, have already decided to relocate, while in France there’s more of a “wait and see” ...

  Bloomberg American Airlines Group Inc and JetBlue Airways Corp plan to expand domestic and short-haul international flying next year under a partnership that US antitrust officials are seeking to dissolve. The expansion to 10 new cities, if it goes through as planned, will bring the carriers’ Northeast Alliance to 500 daily departures across New York’s three major airports, and ...

  Bloomberg Thailand reached its target of welcoming 10 million foreign visitors this year, signalling a better-than-expected recovery of its vital tourism sector that was nearly decimated by the Covid-19 pandemic. The government held events across Thailand, with cultural shows at seven airports and two border checkpoints to celebrate reaching the goal before the end of the year. Officials handed ...

  Bloomberg Lululemon Athletica Inc shares fell the most since the start of the pandemic after lower-than-expected profitability raised concerns about a pileup of inventory and the yogawear maker’s full-year sales forecast disappointed Wall Street. Gross margin, a key gauge of profitability, was 55.9% in the third quarter, short of analysts’ average estimate of 56.7%. Inventories surged from a year ...

  Bloomberg Chinese companies raised a record amount in initial public offerings (IPOs) at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for another strong showing. Listings in Shanghai, Shenzhen and the recently inaugurated Beijing exchange brought in $92 billion this year, according to data compiled by Bloomberg. ...