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Friday July 3, 2020
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12 , Dhu al-Qaadah , 1441
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July 3, 2020
Central London re-enters top 20 most expensive cities in Europe
LONDON — The latest Cost of Living report from global mobility specialist, ECA International reveals UK cities step up the ranking of the most expensive in the world due to the improved strength of the GBP against most currencies.Reporting the cost of consumer goods and services in locations around the world for over 45 years, ECA captured the data in late February and early March of this year (2020), when ...
July 3, 2020
IFC-led consortium funds building of new hospitals in North Africa
DUBAI — Humania has successfully closed over $100 million equity raise for its North Africa healthcare platform with investments coming from the International Finance Corporation (IFC), Danish Sustainable Development Goals Investment Fund K/S managed by the Investment Fund For Developing Countries (IFU) and Société De Promotion Et Participation Pour La Coopération Economique (Proparco) along with Bait Al Batterjee (BAB) group to expand the Saudi German Hospital network in Egypt and ...
July 2, 2020
GCL SI supports floating solar power plant in Arabian Gulf
SUZHOU, China — Research by the IHS Markit's Floating PV Report 2020 reveals recently that the floating solar power installations are set to jump by 143% from 2019 to hit more than 900 MW of annual capacity additions this year. GCL System Integration (GCL SI), is poised to lead this high growth segment by enhancing its presence in floating solar farm sector.Most recently the company has just announced its line ...
July 2, 2020
70% of businesses hike or maintain digital transformation spend: IFS study
DUBAI — Today’s macro-economic disruption has failed to dampen digital transformation plans, with 52 percent of companies stating they will increase their spending on digital transformation, according to a global research study from IFS.While many people might assume that respondents concerned with the economy would pull back on technology spending, the reality is that investment is increasing. The survey data indicates that, during these dynamic times, plans to increase spending ...
July 2, 2020
Gadkari inaugurates VVDN's Global Innovation Park at Manesar
GURUGRAM, India — Minister for Road Transport & Highways, Minister of Shipping and the Minister of Micro, Small and Medium Enterprises Nitin Gadkari on Thursday inaugurated VVDN Technologies new Global Innovation Park (GIP) — engineering and manufacturing facility — in Manesar, Haryana, India, via video conferencing."It is an achievement for government of India's vision for an 'Atamanirbhar Bharat' when Indian Tech companies like VVDN take on the challenge of designing ...
July 2, 2020
Europe vs. China's battle in robotics investment
By Christopher DembikDUBAI — The pandemic served as a wake-up call to European governments on the urgent need to reduce economic dependence on the rest of the world, notably Asia. Many European leaders, including French President Emmanuel Macron, have highlighted the urgency to relocate strategic supply chains in Europe.The EU is broadly self-sufficient, especially in agricultural commodities, but it is not certain it can regain autonomy in other products and ...
July 2, 2020
RDIF, ChemRar announce increased production of Avifavir for COVID treatment
MOSCOW — The Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, and ChemRar Group produced the first 100,000 courses of the Russian coronavirus drug Avifavir in June, significantly exceeding initially planned production levels of 60,000 courses.In June, the drug was delivered across Russia's 35 regions and to the Republic of Belarus. Agreement has also been reached for deliveries of Avifavir to the Republic of Kazakhstan in the near future. ...
July 2, 2020
Retail Abu Dhabi boosts consumer sector with summer campaign
ABU DHABI — The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) has announced plans to boost the emirate’s consumer sector and support the reopening of malls through a destination-wide seasonal shopping promotion running from July 2 to Aug. 31,The ‘Unbox Amazing’ campaign represents a strategic cross-government and public-private sector collaboration between Retail Abu Dhabi, DCT Abu Dhabi’s retail sector platform; the Department of Economic Development – ...
July 2, 2020
Vaccine hopes, Fed minutes, jobs data
By Ipek OzkardeskayaGENEVA — US indices finished mostly higher on Wednesday on promising COVID vaccine trial from Pfizer and BioNTech, that maintained the hope of having a vaccine by January and dashed worries regarding the mounting new infection cases in the US.Tech stocks hit another record. The S&P500 advanced 0.50%, but the Dow (-0.30%) remained on the backfoot. If gains remained timid, it was certainly because the investors didn’t get ...
July 2, 2020
500MW Ibri 2 solar PV project achieves a new milestone
MUSCAT — A consortium consisting of ACWA Power — a leading developer, owner, and operator of power generation and water desalination plants — Gulf Investment Corporation (GIC) and Alternative Energy Projects Co. (AEPC) achieves a new milestone for the 500MW Ibri 2 solar PV project, which entails the shipment of the first 10 MWp of 24,700 bifacial solar panels manufactured by Jolywood. The panels will generate an output capacity of ...
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