DUBAI / WAM Dubai Electricity and Water Authority (Dewa) and Emirates Global Aluminium (EGA) on Monday announced that the UAE has become the first country in the world to produce aluminium using the power of the sun. Under an agreement signed on Monday, Dewa will supply EGA’s smelter with solar ...

ABU DHABI / WAM Masdar announced on Monday that it is joining forces with the Abu Dhabi Department of Energy, Etihad Airways, Lufthansa Group, Khalifa University of Science and Technology, Siemens Energy, and Marubeni Corporation in an initiative designed to support the development of Abu Dhabi’s green hydrogen economy. Senior ...

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth ...

Bloomberg A stronger US dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration. The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and ...

Bloomberg India’s equity benchmark falls in line with its regional peers, and is now set for a second day of declines. That slump will put the S&P BSE Sensex even further away from the key 50,000 level it was looking to breach last week. The benchmark slid 1% to 48525.55 ...

Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, ...

Bloomberg They know about the stretched valuations and everything that must go right to keep stocks aloft. And yet rather than shy away from frothy markets, plenty of investors are only now jumping in. The reason, it appears, is how far out of the market they had been prior to ...

Bloomberg Private equity firms are refusing to be left out of the initial public offering boom. With technology IPOs sometimes doubling on day one, buyout shops are hoping to capture some of the buzz for their slower growth and higher leverage assets. Two private equity-backed companies went public on US ...