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  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has enhanced integration between different energy resources in its smart grid through its Virtual Power Plant (VPP), the first of its kind in the region. The first phase has aggregated the Distributed Energy Resources (DERs) operated by Dewa’s R&D Centre, and managed them as a single mixed portfolio of generation ...

Bloomberg President Joe Biden and Xi Jinping ended their call Thursday with plans to hold their first face-to-face summit, but the US and China are unlikely to halt their bickering in the months before the two leaders finally meet. The world’s two largest economies risk a fresh showdown as US House Speaker Nancy Pelosi kicks off an Asian tour Friday ...

  Abu Dhabi / WAM Etihad Airways on Thursday announced its financial and operating results for the first half of 2022, posting a record-breaking core operating profit of $296 million (H1 2021: $392 million loss). This result was achieved despite fuel costs increasing by almost 60% in comparison to the same period last year. Etihad carried 4.02 million passengers in ...

  DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has called on private sector establishments in areas affected by rains and floods in the UAE, especially in the Emirates of Sharjah, Ras Al Khaimah and Fujairah, to allow their non-essential employees to work remotely on Thursday and Friday. The transportation for essential employees between their workplace and ...

  Dubai / WAM Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its unaudited financial results for the first half of 2022. The company achieved a remarkable increase of 196% in net profit to reach AED66.9 million for the six months ended June 30, compared to AED22.6 million for the same period in 2021. ...

  Abu Dhabi / WAM The Healthcare Programme, an initiative by the Emirati Talent Competitiveness Council (Nafis), has begun registering UAE nationals with, at least, high school degrees. The initiative aims to attract 2,000 nationals to the healthcare sector in 2022, while continuing the process until reaching the target of attracting 10,000 nationals to the sector by 2026. The programme ...

Bloomberg US President Joe Biden told Chinese President Xi Jinping that he doesn’t support a formal declaration of independence by Taiwan in the first conversation between the two leaders since March, the Beijing government said. Xi told Biden that it’s the will of the Chinese people to “resolutely safeguard China’s national sovereignty and territorial integrity” regarding Taiwan and that “whoever ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of two substantial contracts totalling $2 billion (AED7.49 billion) to Adnoc Drilling for the Hail and Ghasha Development Project. The contracts comprise $1.3 billion (AED4.89 billion) for integrated drilling services and fluids and $711 million (AED2.6 billion) for providing four Island Drilling Units. A ...

  Abu Dhabi / WAM The UAE district cooling company Tabreed has released its consolidated financial results for the first six months of 2022, reporting a net profit of AED 240.4 million – an increase of 3% compared to its H1 2021 performance. The company practically doubled the size of its concession capacity in Oman with the acquisition of the ...

  Abu Dhabi / WAM Dr Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation, has issued Ministerial Resolution No. 346 of 2022 regarding the amendment of certain provisions of Ministerial Resolution No. 43 of 2022 on the Wages Protection System (WPS). Under the new resolution, the Ministry of Human Resources and Emiratisation (MoHRE) will implement a series of ...