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Arada begins handovers for 255 new homes in Aljada, Sharjah

Sharjah / WAM Arada announced the completion of a new tranche of apartment blocks at Aljada, the AED24 billion megaproject in Sharjah. The handover process for the first four Areej Apartments buildings, amounting to 255 units in total, has now begun as the Sharjah developer continues its aggressive delivery plan for 2021. Located in the first phase of the Aljada ...

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Dubai to host Airport Show on May 24

Dubai / WAM Reed Exhibitions Middle East, organisers of the Airport Show, the world’s leading airport industry B2B platform, has rescheduled the event’s 20th edition in Dubai for three days from May 24 at the Dubai World Trade Centre (DWTC). The 2021 show is planned to be held across 11,000 square metres of exhibition space with exhibitors and participants from ...

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Emirates to resume flights to Orlando, US

DUBAI / WAM Emirates airline announced that it will resume four-weekly services to Orlando from June 2, further expanding its US network, and offering customers worldwide more travel choices and enhanced connectivity via Dubai. With addition of Orlando, Emirates will be serving over 60 weekly services to and from 11 US destinations including Boston, New York (JFK), Los Angeles, Chicago, ...

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DMC, Etihad Esco sign deal to retrofit buildings with energy-efficient systems

Dubai / WAM Etihad Energy Services Company (Etihad ESCO), an energy services company and a subsidiary of Dubai Electricity and Water Authority (Dewa), has signed an agreement to retrofit buildings at DP World, UAE Region’s purpose-built maritime centre, Dubai Maritime City’s (DMC) facilities. The agreement is part of the cooperation and strategic partnership between the two organisations in sustainability and ...

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Taiwanese battery maker ProLogium weighs SPAC deal

Bloomberg ProLogium Technology Co., the Taiwanese solid-state battery maker, is considering going public later this year, people with knowledge of the matter said. The company is holding talks with potential advisers about options including listing in the US through a merger with a special purpose acquisition company, according to the people, who asked not to be identified because the information ...

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Southeast Asia weighs benchmarks for $3trn green financing

Bloomberg The Association of Southeast Asian Nations (Asean) is seeking to establish a framework for green investments in the region that could be worth as much as $3 trillion. The countries set up the Asean Taxonomy board this week, which will develop and maintain a set of categories and definitions to guide its members on sustainable economic activities, according to ...

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South Africa to cut carbon emissions

Bloomberg South Africa, the world’s 12th biggest producer of greenhouse gases, has committed to improving its target for reducing its projected emissions of the pollutants by 17% in 2025. The environment ministry said in a presentation on Tuesday that it will, after consultation, present a revised so-called Nationally Determined Contribution to the United Nations Framework Convention on Climate Change. That ...

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It’s not infrastructure; it’s reimagining US economy

President Joe Biden’s next major legislative initiative is called an “infrastructure” bill, but it’s actually something bigger. It’s about transforming the nation to better fit the needs of our future economy — in other words, industrial policy. Usually when we think of infrastructure bills, we’re talking about repairing all the old stuff: roads and bridges. This bill will definitely include ...

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Let’s cut capitalism some slack

In the annals of 21st century capitalism, Covid-19 will go down as a pressure cooker. The pandemic has put enormous strains on livelihoods, individual well-being, healthcare systems, the viability of firms and the stability of public finances. But a byproduct of this stress is that when it’s finally behind us, we might decompress a little — and choose to be ...

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