by finance_admin | November 12, 2024 | Energy
Dubai’s pioneering hydroelectric power plant in Hatta is 94% complete, with a trial run scheduled for Q1 2025, as announced by Dubai Electricity and Water Authority (DEWA). The AED1.421 billion pumped-storage plant will have a 250-megawatt capacity, a...
by finance_admin | November 12, 2024 | Commodities, Energy
Oil prices remained relatively stable in early Tuesday trading, following a recent decline triggered by China’s stimulus plan and concerns about oversupply. Brent crude futures were down by 1 cent at $71.82 per barrel, while U.S. West Texas Intermediate crude...
by finance_admin | November 12, 2024 | Real Estate
Dubai’s Emaar Properties PJSC announced a 3% rise in nine-month net profit for 2024, reaching AED8.52 billion ($2.3 billion), driven by strong retail sales and robust real estate demand. The company reported revenue of AED23.8 billion for the period. Property sales...
by finance_admin | November 12, 2024 | Technology
In a bold move to counter U.S. Big Tech, European search engines Ecosia and Qwant have formed a joint venture called the European Search Perspective (EUSP). This partnership, split equally between the two firms, will develop a European-based search index aimed at...
by finance_admin | November 9, 2024 | Retail
China’s consumer prices grew at their slowest pace in four months in October, while producer price deflation deepened, according to data released on Saturday. This comes even as Beijing has intensified its efforts to support the struggling economy with a new round of...
by finance_admin | November 9, 2024 | Banking, Economy, Green
The Bank of Japan (BOJ) is aiming to keep its inflation target steady at 2% even as it monitors the potential long-term economic effects of climate change, according to Governor Kazuo Ueda. Speaking at a climate impact conference in Basel, Ueda acknowledged that...
