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Dewa commissions two new transmission substations

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of AED180 million. Dewa also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables with a conversion transmission of 2,000 MVA, at total cost of ...

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US bans Huawei, ZTE telecom equipment on security risk

  Bloomberg Huawei Technologies Co and ZTE Corp were banned from selling electronics in the US by regulators who say they pose a security risk, continuing a years-long effort to limit the reach of Chinese telecommunications companies into US networks. The Federal Communications Commission (FCC), in an order, also named connected-camera providers Hangzhou Hikvision Digital Technology Co and Dahua Technology ...

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India’s Oyo Hotels posts narrower loss after curbing expenses

  Bloomberg Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic. The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little ...

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Bangladesh on track to become a trillion-dollar economy by 2040

Bloomberg Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group (BCG). With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG ...

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Tesla recalls thousands of cars in China on software, seat belts

  Bloomberg Tesla Inc is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3 cars, the ...

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Taiwan elections set stage for tighter presidential race in 2024

Bloomberg Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses. The ruling Democratic Progressive Party won just five of 21 city- and county-level races, its worst showing since its founding in 1986. The opposition Kuomintang, which historically has an advantage ...

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Five people killed in helicopter crash in South Korea

  SEOUL / WAM Five people were killed on Sunday in a helicopter crash in the eastern coastal county of Yangyang in South Korea. Yonhap news agency quoted fire officials as saying that the chopper, an S-58T, crashed on a hill around 10:50am local time, while surveying the area against forest fires. The helicopter was smashed into pieces and burst ...

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AD Ports, China’s firm sign deal for CMA Terminals Khalifa Port

Abu Dhabi / WAM AD Ports group has signed a contract with China Harbour Engineering Company (CHEC) for the development of buildings and topside infrastructure for the cutting-edge CMA Terminals Khalifa Port, a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports group (30 percent stake). The agreement includes the development of ...

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Added, Prototype team up to support inventors

Abu Dhabi / WAM In its ongoing efforts to enhance the innovation ecosystem in the emirate, the Competitiveness Office of Abu Dhabi (Coad), part of the Abu Dhabi Department of Economic Development (Added), has partnered with Prototype Interactive, a UAE-based digital transformation firm, to support inventors in developing their ideas into innovative digital and technological applications that will contribute positively ...

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Mohamed bin Zayed Institute of Cardiology opens in Pakistan

QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...

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