Fontdeck up for grabs
News from Emerging Markets
Swiss power firm ABB has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA) to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park.
Visa could lose up to $70 million next year due to a sanctions-inspired law requiring foreign payment systems to relocate their transaction processing to Russia, news agency Interfax reported on Thursday.
Russia agreed to resume gas deliveries to war-torn Ukraine through the winter in an EU-brokered, multi-billion dollar deal signed by the three parties in Brussels on Thursday. In a hard-fought accord the EU hopes will ease the broader crisis over Ukraine, Russia agreed to ensure supplies until the end of March.
The number of real estate deals in Romania increased by 3% on the year in January-September, to 600,000, the national cadastre agency ANCPI said Friday. In September alone, the number of real estate transactions stood at 67,123, up by 432 on the month to and down by 1,300 on the year.
Ratings firm Moody's has reversed its India outlook, saying it may upgrade the country's sovereign rating if inflation stays under control in the long term and the recent measures to boost growth and attract investments are implemented properly.
Energy and Mineral Resources Minister Sudirman Said promised on Wednesday to streamline bureaucracy within his ministry so that problems that often hamper decision making could be eliminated.
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