Sharjah / WAM Arada has awarded two major contracts together, totalling AED460 million, to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in woodland and nature-inspired master plan. Valued at AED228 million, the contract to build 142 villas in the Sendian district of ...

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the three-month period ended March 31, reporting significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments, with the company firmly on track to deliver on its ambitious ...

  Sharjah / WAM The Sharjah Children’s Reading Festival (SCRF) kicks off its much-awaited 13th edition on Wednesday under the theme, ‘Create Creativity’ at Expo Centre Sharjah. Organised annually by Sharjah Book Authority (SBA), the festival is held under the patronage of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and Her ...

  Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs and CEO of Ports, Customs and Free Zone Corporation, said Dubai Customs completed 381,275 customs declarations during the Eid al-Fitr holiday. He affirmed that Dubai Customs keeps pace with Dubai’s dynamic progress by developing smart customs systems and programmes that work around the clock to fulfill the needs of ...

Even for a country that has weaponised the memory of World War II to the point where there is a word for hyperbolic celebrations of Victory Day — pobedobesie, or victory frenzy — this year marked a new high. With its military bogged down in Ukraine, the domestic propaganda machine latched onto past successes instead, going into overdrive ahead of ...

When I went to business school at the University of San Francisco, our class was instructed to build a portfolio that we believed consisted of 10 stocks that had the best ratio of reward to risk, or in other words, the highest Sharpe ratio. I chose gold mining company Placer Dome as one of my stocks. At the time, Placer ...

  The stirrings of springtime show nature awakening. Coaxed by warming air and stronger sunlight, flowers unfurl on cherry trees and eager green buds burst forth from horse chestnuts. A little hope returns, as bees buzz and birds build nests. This year, it’s been happening a little earlier — and the reason isn’t hard to find. In Washington, the city’s ...

  The Cook Report’s Amy Walter points out that whether former President Donald Trump takes another run at the Oval Office or not, the 2024 presidential election will have at least one unusual feature. If President Joe Biden runs for re-election and wins the Democratic nomination, he’ll extend his own record for oldest major-party nominee. If he doesn’t run? Walter ...

  Bloomberg The UK will extend its price cap for energy bills beyond 2023 as it seeks to help 22 million households cope with rising costs. The measure, announced during the annual Queen’s Speech to Parliament, is in the government’s Energy Security Bill. It aims to provide the legal framework needed to achieve ambitious net-zero emissions goals while keeping energy ...

  Bloomberg Electricite de France (EDF) SA warned that unusually warm river temperatures are likely to force it to reduce nuclear output at time when about half the country’s reactors are already offline. With air temperatures in Paris forecast to climb above 25 degrees celsius (77 Fahrenheit) this weekend, some of the rivers used to cool EDF’s nuclear power plants ...