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Jebel Ali Habab Pumping Station upgrade complete

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the upgrade of Jebel Ali Habab Pumping Station Phase-II & III. The total capacity of water connections at the station is 36 million imperial gallons per day (MIGD), with a total cost of AED67.44 million, said a Dewa statement on Wednesday. The upgrade process aims to promote the ...

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Slovenia marks its National Day at Expo 2020

  DUBAI / WAM Slovenia celebrated its National Day at Expo 2020 Dubai by highlighting its green heritage and push towards a knowledge economy, as well as its rich cultural traditions. Zdravko Pocivalsek, Deputy Prime Minister and Minister of Economic Development and Technology, Anze Logar, Minister for Foreign Affairs, and Oto Pungartnik, Slovenian Ambassador to the UAE, were welcomed by ...

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Trakhees completes more than 43,000 deals in 2021

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

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US solar company seeks tariff action against key Asian nations

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to ...

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Europe needs 65 million EV chargers by 2035

  Bloomberg Europe will have 130 million electric vehicles (EVs) on the road by 2035, according to a joint report from Ernst & Young and the electricity industry trade association Eurelectric. The report’s projections show Europe’s EV fleet growing from its current base of less than 5 million to 65 million by 2030 and then doubling over the following five years. ...

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What can anti-Trump Republicans actually do?

  After the Republican National Committee censured Representatives Liz Cheney and Adam Kinzinger and claimed that the Jan. 6 committee they’re serving on is persecuting people for “legitimate political discourse,” several Republican senators were quick to criticize their own party’s leadership. Most notably Utah’s Mitt Romney: “Shame falls on a party that would censure persons of conscience, who seek truth ...

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EVs are getting bigger and heavier

The brilliant thing about technology is how it tends to become smaller (and cheaper) over time. One glaring exception has been the most expensive piece of kit many of us buy: the automobile. Due to the popularity of bulbous, gizmo-laden SUVs and pickup trucks — some driven no further than a supermarket parking lot — modern vehicles have piled on ...

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The global real yield tantrum of 2022 is here

  Central bankers are no longer patient when it comes to inflation. Federal Reserve Chair Jerome Powell made that clear at last week’s meeting when he basically confirmed a March interest-rate hike. European Central Bank President Christine Lagarde refused to repeat previously-made comments that a rate hike this year was “very unlikely,” and instead indicated there was “general concern” among ...

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The digital rupee needs more thought, less haste

  India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry. According to Finance Minister Nirmala Sitharaman, an electronic representation of India’s legal tender will give a big boost to its ...

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Pilots made to wear trackers as Hong Kong boosts Covid rules

  Bloomberg Hong Kong is further tightening quarantine rules for airline staff, with cargo pilots isolating at home to be tracked with electronic monitoring bracelets and crew on passenger planes who have been in countries with high levels of the virus made to quarantine for 14 days. The updated rules, set out in a document seen by Bloomberg News, was ...

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