Tag "3"

UAE property market set to decline: S&P

The UAE property market is set for a soft correction after three years of sharp rises but a crisis is ruled out, Standard & Poor’s ratings agency said on Monday. A report said additional supply and lesser demand on the United Arab Emirates property market this year is likely to result in a 10-20 percent correction in Dubai residential real estate prices. The S&P report stressed this would be much

US economist pens energy plan for Spain protest party

Spanish protest party Podemos teamed up Monday with a top US anti-austerity economist to launch a green energy plan which they said could create hundreds of thousands of jobs. Vying to drive out Spain’s governing conservative Popular Party in the year-end general election, Podemos turned for its energy investment programme to Robert Pollin, who has worked as an adviser to the US Department of Energy and the United Nations. In

More than 2,500 new UK onshore wind turbines threatened by subisidy cut

More than 2,500 new wind turbines, amounting to 7.1 gigawatts (GW) of electricity production capacity, are now unlikely to be built in Britain because of a fast-tracked subsidy cut outlined by the new government. British energy minister Amber Rudd said an earlier than planned reduction in onshore wind subsidies was necessary to avoid spending more than required to meet Britain’s legally binding green energy targets. “We are reaching the limits