Unit 4 of Barakah Nuclear Energy Plant connected to UAE grid
Abu Dhabi, UAE – The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy...Economy Energy
ENEC and General Atomics to collaborate on use of technology for nuclear energy
Abu Dhabi, UAE--The Emirates Nuclear Energy Corporation (ENEC) today announced that it has signed a Memorandum of Understanding (MoU) with...Economy Energy
Saudi Fund for Development to provide $130m loans to Kyrgyzstan
Two loan agreements were signed in the Kyrgyz capital Bishkek by the SFD CEO Sultan bin Abdulrahman Al-Marshad with the...The first agreement worth $100 million involves financing the construction of 3000 housing units covering an area 255,000 square meters.
The second agreement is related to financing of the Taraz-Talas Road Project (Phase 4), which aims to reconstruct 93 km of road to improve road safety.
Maqta Gateway buys TTEK
The total acquisition cost comes to US$26.7 million.This move will reinforce Maqta Gateway's market position as a leading digital trade and holistic single window solution provider.
TTEK’s solutions use over 1.5 million risk indicators and AI predictive modeling to establish more reliable border security controls.
Qatar expects Eid bonanza, hotel occupancy rates to go up 80%
Doha, Qatar-- Qatar expects a big boost in hotel occupancy rates by at least 80 percent during the Eid holidays...Qatar aims to have at least six million visitors annually and raise the contribution of the tourism sector to the country's GDP to 12 percent by 2030
Visitors can now apply for a visa using a single platform, on which they can submit their visa applications and then receive the travel documents
Air pollution causes more than 1,200 deaths a year: EU agency
The EU environmental agency said that air pollution is responsible for causing more than 1,200 premature deaths a year in...The overall death tolls for the continent could be higher as the report did not cover the major industrial nations of Russia, Ukraine and the United Kingdom
According to figures released on Monday, ninety-seven percent of the urban population were in 2021 exposed to air that did not meet WHO recommendations
Stc to buy assets in Europe
It will acquire a portfolio of towers in Europe for US$1.3bn.According to a statement, Tawal infrastructure, an arm of Saudi Telecom will pay cash for a host of more than 4,800 towers in Bulgaria, Croatia, and Slovenia
A few media reports said that it was close to a deal to buy the assets from United Group, which is backed by buyout firm BC Partners
HFZA showcases Sharjah as attractive investment destination at India Steel 2023
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...Iron and steel rank among the top commodities exported from the UAE to India.
India is among UAE's most vital trade partners, with substantial mutual investments.
Collective action required for food security, says FAO
MIYAZAKI, JAPAN - With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
"We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
Up to $1.7 trillion investment needed for green aviation goals
To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced...Carbon-free propulsion options, such as battery and hydrogen-powered aircraft, are some of the options the aviation industry is pursuing.
Airports, airlines and others will need to make heavy infrastructure investment to deliver the green hydrogen and electricity the aircraft will need.
UK to test new alert system on mobile phones
LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.
China’s property market buzzes with excitement after record slump
Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see...The property sector was also dented by some homeowners refusing to pay their monthly mortgage payments after getting fed up with developer
China's property sector and construction account for about a quarter of China's GDP and is a key pillar of the country's growth
