Dubai / WAM Dubai Electricity and Water Authority (Dewa) continues to develop a world-class infrastructure supported by assets exceeding AED200 billion owned by Dewa and its subsidiaries, as well as an additional investment of AED40 billion over five years in the energy and water sectors. This helps Dewa expand its production capacity to meet the growing demand for electricity ...

  Abu Dhabi / WAM Dr Taher Al Ameri, Official Spokesman of the National Crisis and Emergency Management Authority (NCEMA), has announced the protocol for Eid al-Fitr, which covers prayers in the country’s mosques, along with precautionary measures to be implemented during this period. Dr. Al Ameri said the protocol stipulates the need to put up physical distancing stickers across ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) has signed an agreement with First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), and Abu Dhabi Islamic Bank (ADIB) to provide “easy payment plan” service, enabling credit card holders issued by these banks to pay the charges for the services ...

  DUBAI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to Manama, the capital of Bahrain, starting from May 15. Abu Dhabi travellers will now be able to fly direct to Bahrain International Airport with competitive prices and a frequency of three weekly flights. Adel Al Ali, Group Chief ...

  DUBAI / WAM Ithra Dubai, a leading real estate developer and manager, fully owned by the Investment Corporation of Dubai, announced the grand opening of the Dubai Gold Souk Extension (GSE). The opening ceremony was attended by key representatives from Ithra Dubai and Dubai Jewellery Group. An inaugural celebration with a golden line-up of entertainment, activations, and promotions will ...

  Bloomberg KKR & Co agreed to acquire French solar and biomass power producer Albioma SA in a deal valued at about 1.6 billion euros ($1.7 billion), in the latest sign of investor demand for renewable energy assets. The buyout firm offered 50 euros per Albioma share, plus a cash dividend of 84 cents, according to a statement, confirming an ...

Bloomberg Russia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the fuel in rubles. European gas prices surged 20% on Russia’s sudden move to turn its vast energy resources into a weapon against Ukraine’s allies. But prices later ...

Russian President Vladimir Putin is failing so spectacularly, it’s making him even more dangerous. Running out of ways to de-escalate while saving face, he appears to think that he has no choice but to escalate. What will that look like? His problem is that his failures are becoming too obvious to hide even for Russia’s propaganda machine. He attacked Ukraine ...

Forget the basement window. Boeing Co has somehow managed to fall out of a dungeon. Some three years after a second Boeing 737 Max crashed and prompted a worldwide grounding of the best-selling jet, not a quarter has passed without some kind of fresh bad news out of the planemaker. The release of first-quarter results was no exception. Boeing burned ...

  The green energy revolution is making greater progress than expected. Solar and wind power have seen exponential cost declines, and electric vehicles seem to be a market winner. That’s all good news, but improving green energy is not the same as addressing climate change. There is good chance that even optimistic projections for green energy will come true — ...