DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) achieved a total electricity savings of 1072 MW in 2017, valued at AED2.8 billion. District Cooling saves approximately 50% of power used for cooling, compared to conventional cooling systems, according to a study conducted by the United Nations Energy Efficiency Initiatives. This makes district cooling one of the top energy-efficient and ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth AED1.5 billion for the construction of Phase 1 of Azizi Victoria, which will commence immediately. Two contractors have been appointed to build 32 buildings with 4,000 units. Green Modelling Contracting has been appointed to construct 16 buildings and Modern Civil ...

Abu Dhabi / WAM Reem Abdullah Al Falasi, Secretary-General of the Supreme Council for Motherhood and Childhood (SCMC), said that the majority of the programmes and plans of the Council for children are aimed at creating a suitable environment to raise them on the correct values and principles, preparing them for the future. In a statement marking the UAE’s celebration ...

Mocha / WAM The Iranian-backed Houthi militias’ use of banned anti-personnel landmines in Yemen has triggered thousands of civilian casualties, wanton violence and bloodshed, a three-month field investigation by the Emirates News Agency, (WAM), revealed. The Houthi forces have used landmines since the pro-legitimacy Saudi-led Arab coalition started its military operations to liberate the country from the coup perpetrators, killing, ...

Geneva / WAM The UAE has reiterated its firm belief that a political solution is the only way to stop the bloodshed, restore security and stability, and end the conflict in Syria, during the Human Rights Council session in Geneva. The statement was delivered by Fatma Ahmed Al Muhairi, Third Secretary at the UAE Diplomatic Mission in Geneva, as part ...

Dubai / Emirates Business Noor Bank, a leading Shari’a compliant bank in the UAE, is the first Islamic bank to have successfully obtained associate membership of FCI, a global representative of the factoring and receivables finance industry. This significant membership will enable Noor Bank to leverage the FCI network in more than 90 countries to offer export and import factoring ...

Abu Dhabi / WAM Team Zayed, made up of employees representing the Environment Agency – Abu Dhabi (EAD) and Dr. Jane Goodall’s Roots & Shoots programme, put on the Zayed Solar Lights Show and lit up the Antarctic night using 100 solar lights, sending a message of unity, hope and action on Climate Change. The team, aptly named Team Zayed, ...

Bloomberg US stocks sank as weak retail sales fanned concern that consumer spending is cooling, while the dollar held steady on bets the Federal Reserve won’t be forced to quicken the pace of rate hikes. Ten-year Treasury yields tightened. The drop in retail spending provided a second data point, after Tuesday’s tepid inflation figures, to suggest unsteady growth in the ...

Reuters Most Middle Eastern stock markets were soft on Wednesday with Qatar pulling back after two days of strong gains, but a few individual stocks in Saudi Arabia rose sharply in response to positive news. Islamic insurer Al Khaleej Takaful tumbled 9.1 percent after saying on Tuesday that it would distribute no dividend for 2017, after the central bank asked ...

Bloomberg The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to Chief Executive Officer Oscar Darmawan. The ...