Dubai / WAM Majid Al Futtaim has announced a new opening date for its upcoming mall in Sharjah – City Centre Al Zahia. Now set to open in March 2021, the decision allows tenants sufficient time to prepare for their new store openings and ensure they can provide a compelling customer experience. In a statement by the company on Monday, ...

ABU DHABI / WAM The International Renewable Energy Agency (Irena), and the UAE Mission will co-host the agency’s members for the first of its quarterly “Renewables Talks” on May 13, in a virtual webinar. Set to be hosted every three months throughout the year, the first Renewables Talks will assemble Irena’s Permanent Representatives and the broader diplomatic community to discuss ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, Chairman of the National Media Council (NMC), has stated that the media sector in the UAE is resilient enough to respond to the fallout of the Covid-19 pandemic and turn challenges to opportunities to reshape and implement pace-setting strategies that can be relied upon in the ...

Bloomberg The great oil glut of 2020 may have already peaked in the world’s biggest crude importer. Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown. Inventories ...

Bloomberg An indicator of China’s coal demand surged almost one-third above last year as hotter-than-usual weather and factories rushing to make up for lost orders boosted power demand. Coal use by coastal power plants at five major utilities rose for an eighth straight day to 577,100 tons as of Monday, more than 30% higher than the same period last year ...

Bloomberg India’s Jindal Power Ltd is counting on favourable government policies and new investors to complete the country’s largest hydropower project, as a generation glut makes the estimated $3.3 billion facility a risky bet for the company to handle, Chief Executive Officer Bharat Rohra said. New Delhi-based Jindal Power, a unit of Jindal Steel & Power Ltd, will consider reaching ...

Bloomberg Vedanta Ltd’s plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices, according to people familiar with the matter. The Mumbai-listed company, backed by tycoon Anil Agarwal, was seeking to raise more than $1 billion by selling at least 20% of its Cairn Oil & Gas business, the people said. ...

With the Justice Department’s move to drop its case against former national security adviser Michael Flynn, it’s useful to go back to a basic question: If Flynn did nothing wrong when he called the Russian ambassador on December 29, 2016, the day President Barack Obama imposed sanctions on Russia for interfering in the presidential election, why did he conceal it? ...

Joe Biden is getting a lot of unsolicited advice about a running mate. Here’s mine: Find yourself another Joe Biden. When Barack Obama was cruising to the Democratic Party’s presidential nomination in 2008, he chose someone who buttressed his political weakness. Obama’s overriding political weakness wasn’t hard to pinpoint: He was a mixed-race intellectual whose father was from Kenya. In ...

As with many other things, the Covid-19 pandemic has delayed the blockbuster fraud trial of Elizabeth Holmes, whose start-up Theranos Inc went from darling to dumpster fire in a matter of months after the Wall Street Journal exposed huge flaws in the company’s promise its blood-test kits could detect an array of illnesses from a single “finger-prick” of blood. (Holmes ...