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  Abu Dhabi / WAM The Emirates Water and Electricity Company (EWEC) on Wednesday announced that it has entered a clean energy agreement with Mediclinic Middle East. The agreement will see Ewec’s clean energy sources powering 100 percent of the electricity consumption of Mediclinic’s Abu Dhabi hospitals and medical centres for a full operating year, supporting the hospital group’s efforts ...

  Dubai / WAM A steady surge of growth throughout the second quarter has propelled Dubai International’s (DXB) half yearly traffic to 27.9 million passengers. DXB achieved the milestone despite a significant reduction in capacity resulting from the 45-day closure of its northern runway in May-June for a major refurbishment project. Maintaining its growth recovery for the ninth successive quarter ...

  Bloomberg Tencent Holdings Ltd’s biggest investees plummeted after Reuters reported the social media giant intends to sell all or much of its $24 billion stake in food delivery giant Meituan to appease Beijing. The social media giant has engaged financial advisors in recent months on ways to execute the sale of a roughly 17% stake, Reuters reported, citing sources ...

Bloomberg China called on the US to refrain from sailing naval vessels through the Taiwan Strait, saying Beijing would take further action in the wake of House Speaker Nancy Pelosi’s visit to Taipei. China’s ambassador to Washington, Qin Gang, said Tuesday that China viewed such Taiwan transits as an escalation by the US and an effort to support the “separatist” ...

  Abu Dhabi / WAM The net investments of non-Arab foreigners in local stocks rise to over AED15.54 billion since the start of 2022, in light of the UAE’s investment attractiveness and the strong performance of listed companies, supported by the strength and robustness of the country’s economic foundations. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors ...

  Dubai / WAM The Department of Planning and Development — Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licencing services to local and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and until June 30. These reductions were from identifying 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load. The service sends instant notifications to ...

Bloomberg The top American naval commander in Asia criticized what he said were unsafe and provocative actions by Chinese warplanes, reiterating US complaints about behavior that officials argue could prompt a clash. Vice Admiral Karl Thomas, commander of the US Navy’s Japan-based Seventh Fleet, expressed concern Tuesday about increasingly assertive efforts by the People’s Liberation Army to intercept US and ...

  Bloomberg A gauge of New York state manufacturing activity plunged by the second-most in data back to 2001, with sharp declines in orders and shipments that indicate an abrupt downturn in demand. The Federal Reserve Bank of New York’s August general business conditions index slumped more than 42 points to minus 31.3, with the drop just behind that seen ...

  Dubai / WAM The Museum of the Future signed a strategic partnership agreement with Dubai Electricity and Water Authority (Dewa) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy. The agreement aims to pave the way for constructive research that helps solve today’s ecological challenges. This agreement is working towards enhancing Dubai’s ...