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Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), has announced that 68 percent of the AED678 million upgraded road network and interchange project at Abu Dhabi International Airport has been completed. The project will connect the new terminal of Abu Dhabi International Airport to the Abu Dhabi – Shahama, E10, highway and will provide a direct access to ...

Bloomberg China and India will be the biggest recipients for new investment in power-generating capacity by 2040, representing a $4 trillion opportunity for the energy sector. China will require $2.8 trillion of spending for 2,547 gigawatts of new capacity, while India needs $1.2 trillion, according to a Bloomberg New Energy Finance outlook forecasting how energy markets will evolve by 2040. ...

Bloomberg Don’t count coal out just yet in Japan. Despite expectations that solar will triple its share of Japan’s power generation mix, the resource-poor country is set to increase its reliance on coal, casting doubt on whether Japan can meet the timetable to reduce greenhouse gas emissions it agreed to in 2015 as part of the Paris climate accord, according ...

Bloomberg Natural gas is the king of the US power market — but that may not last. By 2040, renewable energy resources such as wind and solar power will supply just as much of America’s electricity demand as gas, based on a Bloomberg New Energy Finance outlook. And globally, the cost of renewable power is falling so rapidly that gas ...

Bloomberg G’day indeed! By 2040, rooftop solar panels will supply about one-quarter of Australia’s electricity as declining costs and ample sunlight make photovoltaics the continent’s cheapest source of energy. In Brazil, as much as 20 percent of the nation’s power will come from panels on residential rooftops, and Germany will get 15 percent from these small systems in 2040, according ...

Bloomberg UK gas prices for immediate delivery posted the the biggest weekly decline in five years as works on a pipeline to mainland Europe damp demand for the fuel. Prices fell as much as 40 percent from last week’s levels as maintenance on the Interconnector link with Belgium restricted exports, undermining demand already hurt by the prolonged shutdown of Britain’s ...

Bloomberg Nevada is boosting credits for solar power from rooftop panels in a move to revive the industry in the state and bring back sales from Tesla Inc.’s SolarCity and other installers. Governor Brian Sandoval signed a bill that will allow owners of solar panels to get 95 percent of the retail electricity rate for excess generation sent to the ...

Bloomberg Australia’s best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions — signaling the economy could be in better shape than recent GDP data showed. At the Reserve Bank of Australia, there’ll be some relief. For months, it’s repeated that forward indicators suggested higher employment and lower unemployment were in the ...

Bloomberg Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a $1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter. The investment would be part of Grab’s previously reported $1.5 billion fundraising, led by SoftBank and aimed at giving the Singaporean startup cash to battle Uber Technologies Inc. in Southeast ...

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...