Tuesday 30 June 2015
 
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Empower to showcase Dubai model of district cooling

A delegation from Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, is heading to Boston, US to take part in the 106th  International District Energy Association (Idea) Annual Conference a

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End oil export ban, or face competition from Iran:US senator

If the United States does not lift its 40-year ban on crude exports, Iran could soon be competing in global markets that would be mostly shut to US oil companies, a report prepared for the head of the Senate energy committee said.

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Bahrain achieves anti-terror success ‘without US help’

Bahrain’s recent success in dismantling alleged terrorist networks has been achieved despite the US cancelling its support for anti-terrorism training schemes last year, it has emerged. Security services in Bahrain have bene

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UAE signs US foreign account tax compliance deal

The UAE Ministry of Finance (MoF) said it has signed the intergovernmental agreement with the US on the Foreign Account Tax Compliance Act (Fatca) as part of its measures to protect Emirati financial institutions. The Fatca was en

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Unemployment rates soar in 25 US states

Unemployment rates rose in 25 US states last month, driven higher in many cases by more people who began looking for work but didn't immediately find jobs. Rates fell in nine states and Washington, DC, and were unchanged in 16

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Oil falls to $63, ample supplies and Greece weigh

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other marke

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Hochtief unit wins $1.2bn rail contract in US

Hochtief subsidiary Flatiron has secured a $1.23 billion contract to construct a 60-plus mile portion of new high speed rail between Los Angeles and San Francisco as part of a joint venture team. The project will be the first high

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Despite obstacles, chances grow for final Iran nuke deal

Iran is trying to avoid detailed commitments. The French are sticking to their tough line. And US President Barack Obama faces a battle to sell any deal to a skeptical Congress. Despite those and other obstacles, negotiators appea

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US-China to face differences head on at talks next week

The United States said on Thursday it would not ‘paper over’ differences between the US and China when top officials of the world's two largest economies meet to discuss financial and political strategy in Washington next week.

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Redesigned $10 US bill to feature a woman

For the first time in more than a century, US paper currency will feature the face of a woman. Treasury Secretary Jack Lew said on Thursday a newly redesigned $10 bill, set to be unveiled in 2020, will feature ‘a woman who h

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