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UAE Launches 'Initiative for Global Prosperity'

The UAE's Minister of Climate Change, His Excellency Dr. Thani Ahmed Al Zeyoudi, recently unveiled the Mohammed bin Rashid Initiative for Global Prosperity at an interactive session on Innovation and Technology during the United Nations General Assembly (UNGA 72) in New York.

Direct Selling Agency QNET Opens Branch in Tanzania

Hong Kong-based QNET (, a player in the US $200 billion global direct selling industry, announced it is entering the Eastern African direct selling sector with its first local agency in Tanzania.

Planning Begins for 2018 African Development Fund and AfDB Summit in Korea

The African Development Bank Group (AfDB) and the government of South Korea have officially begun planning preparations for the 53rd Annual Meetings of the Board of Governors of the AfDB and the 44th Meetings of the Borad of Governors of the African Development Fund (ADF), scheduled for May 2018.

Asian Development Bank Backs Kazakhstan's New Country Partnership Strategy

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new country partnership strategy (CPS) for Kazakhstan, expected to deliver more than $3 billion in assistance through 2021 to help the country diversify its economy, achieve inclusive development, and promote sustainable growth.

New Solar Installation in Dubai Boasts Lowest Non-Subsidized Solar Cost Anywhere

A consortium led by ACWA, a diversified energy company based in Riyadh, Saudi Arabia, won the contract for the fourth phase of Dubai's Mohammed Bin Rashid Al Maktoum Solar Park, by far the largest single-site CSP plant in the world. It will also set a global record for the lowest renewable energy cost without subsidies or carbon credits.

Toshiba to Provide Steam Turbines for Zorlu Geothermal Plants

The Zorlu Energy Group (, an independent power producer and part of Turkey's Zorlu Holdings, has signed a package deal agreement (PDA) with Toshiba Corporation for the Japanese company to provide steam turbines and generators (STGs) for geothermal power plants that Zorlu Energy Group develops to construct in Turkey.

The 20 Tbps Southeast Asia -- United States Cable System

The 20 Terabits per second (Tbps) capacity Southeast Asia-United States Cable System (SEA_US) is officially open for commercial use, now that construction is complete at the Hong Kong Guam Cable System (HK-G) extension and full testing by the SEA-US consortium is complete.

Sealed Air to Buy Foam Manufacturer in Singapore

Sealed Air Corporation , a packaging company based in North Carolina, is acquiring Fagerdala Singapore, a manufacturer of polyethylene foam and other packaging products, for $100 million in cash.

Trilliant to Launch Saigon Smart City Project

Trilliant, a North Carolina-based global provider of IoT and smart energy communications solutions, has signed an agreement to deploy Southeast Asia's first smart city project, with Saigon Hi-Tech Park.

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