Masonry Layout

Masdar, Taaleri sign pact to launch renewable energy joint venture

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...

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The journey of our country is full of distinction, says VP

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai honoured winners of the ‘Mohammed bin Rashid Government Excellence Award’ during a special ceremony that took place in Abu Dhabi on Wednesday. “We have 10 years of achievements. We want the UAE government to be the best ...

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Abu Dhabi set to host 1,200 global defence experts

ABU DHABI / WAM The upcoming International Defence Conference (IDC 2019), is expected to draw the participation of over 1,200 global defence specialists in the nation’s capital, Abu Dhabi. The conference will take place from February 14-16, at the Emirates Palace. For the first time, the IDC will be combined with the Abu Dhabi International Offset Conference (ADIOC), with the ...

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1mn people visit Dubai Frame in first year

Dubai / WAM Dubai Frame has attracted the attention of a large number of visitors to Dubai, as it received a million visitors from around the world during its first year of opening. “The Dubai Frame comes from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to establish Dubai ...

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Pompeo Mideast trip fails to ease questions over US goals

Bloomberg Secretary of State Michael Pompeo arrived in the Middle East a week ago on a mission to prove the Trump administration can be a reliable partner in tackling the region’s thorniest problems. He returns having failed to stifle doubts that have dogged the US for years. With stops in eight countries in eight days, Pompeo sought to hammer home ...

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Huawei founder breaks silence to deny spying

Bloomberg Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss US accusations the telecoms giant helps Beijing spy on Western governments. Ren denied suggestions that Huawei aids the Chinese government in espionage, saying it has no regular contact with Beijing as his technology empire faces its biggest crisis in its three decades of existence. ...

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Toyota Motor’s new Supra, first in 21 years, launched

Bloomberg After multiple leaks on blogs and social media, Toyota unveiled in Detroit on Monday the fanboys’ most darling of darlings: the 2020 Supra. It’s the first time Toyota Motor Corp has made and sold a new Supra in the US in 21 years. It’s also the first time the automaker has built a throwback sports car that includes BMW ...

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Big tax break for businesses at risk as US shutdown drags on

Bloomberg The longest government shutdown in US history could cause tens of thousands of businesses to make a tough choice about whether to claim one of the biggest perks in the Republican tax overhaul. Owners of so-called pass-through entities such as partnerships and limited liability companies have to file their businesses’ returns by March 15 — and still don’t have ...

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Germany dodges recession with Q4 growth

Bloomberg Germany’s economy narrowly avoided a recession at the end of 2018 after a slump in industry raised concerns over Europe’s growth engine. There was a “slight” increase in gross domestic product in the three months through December, according to the Federal Statistics Office, which will publish official figures next month. But the quarter rounded out a year in which ...

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GE could face hefty fines over ‘jobs’ in France

Bloomberg Four years ago, General Electric Co made a commitment to win France’s approval to buy Alstom SA’s energy business: it would create jobs or pay a hefty fine. The Boston-based company pledged it would add 1,000 positions in France by end-2018, failing which it would pay the French government a fine of 50,000 euros ($57,000) for every job not ...

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