MANAMA — Leading global alternative asset management firm Investcorp has raised $130 million in anchor commitments which will primarily provide last mile funding in India, a market currently going through a liquidity crunch.

BAe Systems Pension Funds Investment Management Limited is the cornerstone investor for this initiative, which will focus on projects in the affordable and mid-market housing segment in the top seven cities in India and is subject to regulatory approvals and registrations.

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AMMAN, Wednesday, January 15, 2020 (WAFA) - The Jerusalem District Electricity Company (JDECO) and the Jordanian National Electricity Company signed today in the Jordanian capital, Amman, an agreement to raise Palestine’s electricity supply capacity by bolstering the electrical connection between them that would allow an increase in the quantity of current exported to Palestine from 26 MW to 80 MW.

The agreement was signed in the presence of the"...

Volvo Cars and China Unicom, a leading telecom provider, are joining forces on using 5G next generation mobile network technology for communication between cars and infrastructure in China.

The two companies have agreed to work together in researching, developing and testing automotive applications of 5G and emerging vehicle-to-everything (V2X) technology, said a statement.

As the fifth generation of mobile network technology, 5G is many times faster, has a higher data capacity and offers lower response"...

Minor Hotels has announced a series of senior appointments in its Middle East Regional Office.

Rachid Benwahmane: Group Director of Finance – Middle East & North Africa
Benwahmane joined the Minor Hotels regional team in the Middle East in July last year, bringing a wealth of experience managing multiple properties and brands in various countries across the Middle East and Africa, as well as having worked on the owner’s side and in asset management. Benwahmane joined the company from Meraas"...

The Emirates Nuclear Energy Corporation (ENEC) has showcased at World Future Energy Summit the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050.

The strategy includes a reduction in carbon dioxide emissions by 70 per cent, an increase in clean energy use by 50 per cent and a 40 per cent"...

UAE-based Masdar, one of the world’s leading renewable energy companies, has signed a power purchase agreement (PPA) for its floating solar photovoltaic (PV) plant with Perusahaan Listrik Negara (PLN), the state electricity company in Indonesia.

The 145-megawatt PV plant, which will also be Masdar’s first floating solar PV project, will be built on a 225-hectare"...

Volvo Cars has set a new, sixth consecutive global sales record in 2019, breaking the 700,000 cars sold mark for the first time in its 93-year history.

The company recorded sales of 705,452 cars in 2019, an increase of 9.8 per cent compared to 2018, solidly outgrowing the overall market across all regions, said a statement from the company.

The new sales record is underpinned by continued strong demand for Volvo Cars’ award-winning line-up. Its three SUV models served as a particular highlight"...

A new district under the name of Dubai Future District dedicated to the new economy will take shape in Dubai as per the directions of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Sheikh Mohammed, during the second Dubai Council’s meeting, also announced the launch of a Dh1 billion ($272 million) fund to support new economy"...

(AETOS Wire) -- Visa (NYSE: V) today announced the company has met its goal to use 100 percent renewable electricity by 2020, furthering the company’s commitment to lead responsibly and sustainably across the company’s global operations, including 131 offices in 76 countries and four global processing centers.

Since setting the 100 percent renewable goal in 2018, Visa achieved quick"...