UAE in deal for $100m power plant in Yemen

The new Yemeni plant could provide energy to 2.5 million people. Above, Shuweihat power plant in Abu Dhabi. (Supplied)
Updated 12 June 2019

UAE in deal for $100m power plant in Yemen

  • The deal was signed between the Khalifa bin Zayed Al-Nahyan Foundation and Yemen’s Electricity and Energy Ministry
  • Around 2.5 million Yemeni citizens are expected to benefit from the power plant

LONDON: The UAE has signed an agreement to build a $100 million power plant in the southern Yemeni city of Aden, the state-run news agency WAM reported on Wednesday.
The deal was signed between the Khalifa bin Zayed Al-Nahyan Foundation and Yemen’s Electricity and Energy Ministry, it was reported.
Around 2.5 million Yemeni citizens are expected to benefit from the power plant, according to Ahmed Juma Al-Zaabi, minister of the Federal Supreme Council. The plant will have a capacity of about 120 megawatts and be connected to an associated electricity network, he added.
The plant is due to be operational by late 2019, WAM reported.


Google Cloud prepares for Black Friday ‘peak on top of peak’

Updated 04 August 2020

Google Cloud prepares for Black Friday ‘peak on top of peak’

  • Cloud technology, used to host websites and store data, is a key part of many retailers’ e-commerce operations

OAKLAND, California: Alphabet’s Google Cloud unit is poised for a surge in fourth-quarter sales from US retailers, as they brace for record online shopping during the holidays because of COVID-19 lockdowns.
Cloud technology, used to host websites and store data, is a key part of many retailers’ e-commerce operations. As fees are often pegged to site traffic, a jump in activity will drive up revenue for the unit.
Carrie Tharp, vice president of retail and consumer at Google Cloud, said that her team had this year tossed out its linear growth model to predict how many servers it will need to process web orders for retailers around Black Friday.
“We’re planning for peak on top of peak,” she said on Monday. That could be a boon for Google Cloud, which has generated about 30 percent of its revenue during the fourth quarter the last two years.
Stores such as Kohls Corp. and Wayfair Inc. lean on Google months in advance to ensure it has enough servers to withstand increased shopping during holiday discount days such as Black Friday and Cyber Monday in November and December.
This year, Black Friday-style demand has flooded shops since March, when the United States began lockdowns, Tharp said.
Holiday shopping is expected to boost demand further, as retailers including Target Corp. and Walmart Inc. have said they will reduce in-store hours because of coronavirus concerns.
Tharp said the pandemic has already benefitted Google Cloud, with some retailers adopting its predictive algorithms years ahead of plan to help them work out the most efficient way of fulfilling orders.
Electronics retailer Best Buy Co., for instance, announced on Tuesday a multi-year deal to centralize customer and product data with Google Cloud to improve its loyalty program and online ad campaigns.
The companies declined to elaborate on the deal, but Tharp said she hopes it leads to Google eventually powering Best Buy’s web ordering system.