Business News from Tuesday, December 17th, 2024

Dubai Electricity and Water Authority (DEWA) has achieved a notable 5.49% increase in power generation during the first three quarters of 2024, producing 45.14 terawatt hours (TWh) of electricity.

TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by January 19 or face a ban.

Space42, an AI-powered SpaceTech company based in the UAE, signed a contract worth AED 18.7 billion ($5.1 billion) with the Emirati government to provide critical, secure communication services until 2043.

Prime Minister Denys Shmyhal said on Monday that Ukraine was willing to devise a deal enabling gas to transit through its territory to western Europe, but ruled out any extension of an existing deal with Russia.