January, 2017

• 14 January

  ADFD funds US$15mn hybrid power project in Antigua and Barbuda

  

    Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) signed on Saturday an USD15 million concessionary loan agreement for the development of an innovative new hybrid solar and wind generation project in the Caribbean state of Antigua and Barbuda; one of the third funding cycle recipients of ADFD/IRENA Project Facility. The loan agreement was signed during the Seventh Session ...

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• 14 January

  Imdaad inks pact to build STEM lab and library

  

    DUBAI / Emirates Business As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School in Dubai to convert a ...

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• 14 January

  ADNOC announces new LPG retail prices

    ABU DHABI / Emirates Business ADNOC Distribution announced the new retail price of unsubsidised LPG cylinders for the month of January 2017. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED53 per 25lb up from the earlier marked retail price of AED49, and AED106 per 50lb from the ...

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• 14 January

  Piano competition discovers hidden talents at SWMF

  

    Sharjah / Emirates Business The fourth edition of the Sharjah World Music Festival (SWMF) launched its first ever piano competition recently to find some of the most talented individuals attending the event. The contest, which is open to people of all age groups and nationalities, was an instant hit with the audience who were in awe at the quality ...

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• 14 January

  Obama’s ‘tentative’ legacy

  

    It is far too early to render final judgment on the Obama presidency. All the chatter about his ‘legacy’ overlooks two obvious realities. The significance of Obama will depend heavily on events that have not yet happened (for starters, the fate of the Iranian nuclear deal) and comparisons, for better or worse, with his successor. Still, it’s possible to ...

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• 14 January

  UK’s post-Brexit borrowing binge

  

    For the UK economy, the good news is that following the Brexit vote, the sky hasn’t fallen as many predicted; on the contrary, it’s been a period of unexpected fair weather. The bad news is that the benign outlook is encouraging a surge in borrowing, leaving households vulnerable if the Bank of England decides to tighten monetary policy. Andy ...

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• 14 January

  Modi’s setback on black money

    India’s controversial decision to ban 500- and 1,000-rupee notes has backfired. The idea was to root out “black money” — the profits of political corruption, tax evasion and ordinary crime. But efforts to get around the ban have been so effective that those problems may now be harder to solve than before. Prime Minister Narendra Modi deserves credit for ...

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• 14 January

  World has best chance to reunite Cyprus

    Once again Cyprus reunification talks failed to reach any conclusion. The diplomats from Turkey, Greece and Britain suspended the talks after failing to iron out differences on security guarantee for its ethnic Greek and Turkish communities. The reunifications talks have failed multiple times in the past also. This gives rise to skepticism. Cyprus has been divided since 1974, when ...

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• 14 January

  Trump ‘closeness’ to embolden Putin, weaken NATO pact, says UK

  

    Bloomberg The UK government is deeply concerned that Donald Trump’s closeness to Russia will give sway to Vladimir Putin in eastern Europe and weaken US ties with its traditional Western allies. The US President-elect caused alarm in London after saying he wants a warmer relationship with Russian President than the Obama administration had, according to two senior officials, who ...

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• 14 January

  Serbia sends train to Kosovo north despite Pristina protest

    BELGRADE / AP Serbia has launched a railway service to Serb-dominated northern Kosovo despite protests from the government in Pristina which called it a provocation and an aggressive violation of its sovereignty. Serbian officials in Belgrade on Saturday saw off a Russian-made train decorated with the Serb flags, churches, monasteries and medieval towns, and inscribed with “Kosovo is Serbian” ...

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