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Bloomberg Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity as well as attracting foreign investment to support jobs at home. The government tender starting on Monday has attracted the interest of For-tum Oyj, Finland’s largest energy com- pany, which is prequalified to participate in the auction. ...

Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has commenced the main construction works at its ‘Soho Square’ urban development on Saadiyat in Abu Dhabi. Bloom Properties has appointed Emirates Link Maltauro, a leading construction group in the UAE to carry out the main works of the development. ...

Abu Dhabi / Emirates Business Al Habtoor Motors, Mitsubishi’s official dealer in the UAE, is ready to treat customers with absolute value along with greater savings on the entire fleet of Mitsubishi passenger cars during the holy month of giving. What makes it even more exciting is they also get a chance to win 5 Lancer EX cars in Dubai ...

Dubai / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development and Chairman of the General Authority of Youth and Sports Welfare, has stressed that the UAE’s wise leadership considers youth among its priorities, based on the belief that they are the main cornerstone of community development and one of the fundamental components of the nation’s ...

Dubai / Emirates Business The idyllic town woke up to a sparkling new day with the opening of Joyalukkas showroom in Damascus St, Al Qusais, Dubai. The all-new Joyalukkas Damascus St, Al Qusais showroom was inaugurated by Jassim Mohamed Ibrahim Alhasawi Altamimi – Director, Joyalukkas Jewellery, UAE and Mustafa Mohd Alshareef, Vice President Government & VVIP Dubai Region, Etisalat in ...

Bloomberg SolarWorld AG’s US unit joined a trade case asking the federal government to impose duties on low-cost imports that have fueled a nationwide boom in solar installations. The company, which filed a separate trade complaint that led to US tariffs on Chinese panels in 2012, became a co-petitioner in Suniva Inc.’s case before the US International Trade Commission. Suniva, ...

Bloomberg Sun Pharmaceutical Industries Ltd., India’s largest drugmaker, warned investors that sales could decline in the coming year amid downward pressure on generic-drug prices in the US and regulatory issues at one of its biggest factories. Revenue fell 6.6 percent to 71.4 billion rupees ($1.11 billion) in the three months ended March 31 from the same period a year earlier. ...

Bloomberg Chinese industrial profits rose 14 percent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan ($83.6 billion) last month, the National Bureau of Statistics said. That compares with a jump of 23.8 percent in March, and an 8.5 percent increase last year. Output in the world’s largest manufacturing nation is booming ...

Bloomberg Japan’s core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but it’s far below target and weak underlying price pressures point to limited gains ahead. Highlights of CPI report Consumer prices excluding fresh food increased 0.3 percent in April from a year earlier, the fastest pace since April 2015 (estimate ...

Bloomberg The Swedish and New Zealand housing markets are the most at risk of a correction among the so-called G-10 economies, according to Goldman Sachs. In a report on house prices in G-10 nations — those with the 10 most-traded currencies in the world — Goldman finds they are most elevated in small, open economies such as Sweden and New ...