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Dewa to install 840km cables

The Dubai Electricity and Water Authority, or Dewa, has recently awarded contracts valued at Dh200 million to a number of national companies to lay 840km of 11kV electrical cables.

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Adgas profits up on flare cuts

Average gas flaring at the Abu Dhabi Gas Liquefaction Company, or Adgas, dropped to 8.5 million standard cubic feet daily, or MMSCFD, in 2011, as several projects went into operation along with the plant efficiency that brought down greenhouse emissions by a hefty 40,000 metric tonnes of carbon dioxide, or CO2, a report said.

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markets

Can India punish Rajat Gupta?

The recent conviction of Rajat Gupta, former McKinsey boss and Goldman Sachs director, for insider trading marks a disappointing low in the high-profile career of the Indian-American Wall Street executive whose meteoric rise in the American corporate world had served as an inspiration to many.

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markets

Japan economy faces same risks as Europe: PM

TOKYO — Japan faces the same risks that plague financially-embattled European states, Prime Minister Yoshihiko Noda warned on Saturday, days after he pushed through a divisive tax bill to chip away at the country’s mountainous debt.

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markets

Corn up most since 2008, soy surges on US drought

US corn futures on Friday posted their biggest weekly gain since 2008 while soybeans capped their sharpest monthly rise in more than three years, as nagging drought in America’s heartland overshadowed a government report showing farmers planted larger crops than expected this year.

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