IMF may give Lebanon a smaller funding relief than it actually needs

Beirut: Lebanon may only count on the International Monetary Fund for as little as half the bailout it had originally sought to help unlock other assistance the country critically needs. With talks over a $10 billion loan programme stalling for much of this month, the IMF could provide an amount in a range of $5 […]

Emirates Water and Electricity Company awards project to develop world’s largest solar power plant

Dubai: The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant. The project was awarded to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, with partners […]

1MDB trial: Ex-Malaysia PM Najib Razak found guilty on one charge

Kuala Lumpur: A Malaysia court has ruled former prime minister Najib Razak guilty in the first verdict to come in the series of trials linked to 1MDB. Najib was found guilty on Tuesday of one count of abuse of power in the case involving 42 million ringgit ($10 million, Dh36 million) of funds deposited in […]