India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

Washington: India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the COVID-19 pandemic in 2020, according to a senior IMF official. The International Monetary Fund […]

Masdar-led consortium reaches financial close and starts construction on 300 MW solar project in Saudi Arabia

Abu Dhabi: The consortium led by Masdar and EDF Renewables, both global leaders in renewable energy, and Nesma Company, announced today it has reached financial close on a 300-megawatt (MW) utility-scale photovoltaic (PV) solar power plant in Jeddah and is starting construction. The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy […]

Biden budget seeks more for schools, health care and housing

Washington: President Joe Biden released a $1.5 trillion wish list for his first federal budget Friday, asking for substantial gains for Democratic priorities including education, health care, housing and environmental protection. The request by the White House budget office for an 8.4% increase in agency operating budgets spells out Biden’s top priorities as Congress weighs […]