September, 2016

• 19 September

  6 bidder consortia submit proposals for Solar PV Independent Power Project in Abu Dhabi

    Abu Dhabi / WAM The Abu Dhabi Water and Electricity Authority (ADWEA) and Abu Dhabi Water and Electricity Company (ADWEC) announced on Monday that six pre-qualified bidder consortia submitted proposals for the Solar PV Independent Power Project at Sweihan, in the Emirate of Abu Dhabi, following five months of bid preparations. The project will comprise, inter alia, the development, financing, ...

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• 19 September

  Dubai to host Mideast’s biggest-ever hospitality event in 2017

    Dubai / Emirates Business The Middle East’s biggest ever hospitality event is set to launch in 2017 to support accelerated industry growth in the run up to Expo 2020. ‘Dubai International Hospitality Week’ – organised by Dubai World Trade Centre (DWTC) and dmg events – will bring together dmg’s The Hotel Show with the launch of DWTC’s GulfHost. The ...

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• 19 September

  Security threat from ‘ransomware’ on rise this year: Paladion

  

    Dubai / Emirates Business Paladion, a leading security services provider in the Middle East has said that the fastest-growing area of cybercrime has developed into a $1 billion-a-year industry complete with customer care departments set up to secure payments from victims of ransomware attacks. Cyberattacks using ransomware – a form of malicious software that allows criminals to encrypt personal ...

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• 19 September

  Stocks rally ahead of crucial central bank meetings

  

    AFP Global stock markets rallied on Monday, with all eyes on central bankers ahead of key meetings in the United States and Japan later in the week. Concern that years of cheap cash could be coming to an end has roiled markets this month, with conflicting comments from top US Federal Reserve officials over the need for an interest ...

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• 19 September

  Qatar pulls back ahead of FTSE inclusion, UAE outperforms peers

  

    Reuters Stock markets in the Gulf diverged in early trade on Monday, with Qatar’s index pulling back ahead of the inclusion of some companies in FTSE’s secondary emerging market index, while Dubai advanced as global risk sentiment improved. Qatar’s index retreated 1.8 percent, wiping out Sunday’s 0.4 percent gain. Nine-tenth of the shared that were trading declined. Shares in ...

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• 19 September

  Syrian army declares ceasefire over

  

    Damascus / AFP Syria’s armed forces said on Monday that a week-long ceasefire brokered by the United States and Russia was over, blaming rebels for the failure of the truce. US Secretary of State John Kerry said meanwhile that the terms had not been met for a key aspect of the deal — US-Russia cooperation against extremists in Syria. ...

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• 19 September

  Better integration key to tackling anti-migrant backlash: OECD

  

    Paris / AFP Western governments need to tackle a growing anti-migrant backlash by helping newcomers integrate faster, the OECD said, following a sharp increase in immigration to its member states. The Organisation for Economic Cooperation and Development, a grouping of mostly developed economies, said around 4.8 million people migrated to member countries in 2015 — up 10 percent in ...

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• 19 September

  Turkey plans to extend Syria safe zone, push further south

  

    Istanbul / AFP President Recep Tayyip Erdogan said on Monday that Turkey could create a 5,000-square-kilometre (1,900 square-mile) safe zone in Syria by pushing further south in its military operation in the country. Turkey launched its operation in northern Syria on August 24, sending in tanks and special forces to support opposition fighters in a bid to remove IS ...

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• 19 September

  Gas giant Engie’s Luxembourg tax deals under EU scanner

  

    Brussels / AFP The EU launched an in-depth probe on Monday into alleged sweetheart tax deals between French gas group Engie and Luxembourg, taking on a major European multinational after similar high-profile investigations into US giants. “The Commission has concerns that several tax rulings issued by Luxembourg may have given GDF Suez (now Engie) an unfair advantage over other ...

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• 19 September

  Slovak PM says EU will make Brexit painful for Britain

  

    London / AFP The European Union will make Brexit “very painful” for Britain, Slovak Prime Minister Robert Fico said in an interview published on Monday, adding that London was “bluffing” over its pre-Brexit negotiating power. “The EU will take this opportunity to show the public: ‘Listen guys, now you will see why it is important to stay in the ...

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