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Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the full swing operation of its fourth district cooling plant in the Business Bay region, Dubai. The company stated that the total production capacity of the new plant had reached 50,000 refrigeration tons (RT), bringing the total capacity of Empower’s Business Bay district cooling project to more than 185,000 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...

Bloomberg European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption ...

Dubai / WAM The Dubai Financial Market (DFM) will organise its annual 2022 International Investors Roadshow on June 9-10, in collaboration with HSBC. The roadshow will connect senior executives of leading issuers of equities, sukuk and bonds on Dubai capital markets with numerous leading investment institutions globally. The resumption of DFM’s annual international investors roadshows in London, initiated in 2007 ...

  ABU DHABI / WAM Mubadala Health on Monday announced the signing of a memorandum of understanding (MoU) with the Abu Dhabi Early Childhood Authority (ECA) to provide world-class expertise from across its extensive network of healthcare entities in service of families across the emirate of Abu Dhabi. The partnership will see both entities collaborate on various initiatives designed to ...

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development (KFED) officially held its inaugural international capacity building services with a three-day training programme in Zanzibar. The training programme was attended by Dr Islam Seif Salim, Permeant Secretary, Ministry of Trade and Industrial Development, and commenced with a welcoming speech by Khalifa Abdul Rahman Al Marzouqi, UAE Ambassador to Tanzania. ...

  Bloomberg Sweden, known for its long dark winters with barely any daylight, is seeing a solar power boom. Harnessing whatever sunshine the country gets is emerging as the quickest solution to fill part of the void left by two closed nuclear reactors in southern Sweden, where the biggest cities and industries are located. With shortages piling up in the ...

Bloomberg Chinese President Xi Jinping praised Hong Kong’s next leader for defending national security and upholding stability at their first meeting since John Lee was selected as chief executive earlier this month. The leader of the world’s second largest economy told Lee that the central government had “full confidence” in him, according to the official Xinhua News Agency. Xi also ...

Abu Dhabi / WAM The United Arab Emirates, the Arab Republic of Egypt and the Hashemite Kingdom of Jordan have announced an Industrial Partnership for Sustainable Economic Growth in Abu Dhabi on Sunday to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across 5 sectors. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has officially opened the Dubai-Al Ain Road Improvement Project built at a cost of AED2 billion. Undertaken as part of Dubai’s master transport plan, the project affirms Dubai’s efforts to accelerate its economic development with major projects. ...