Abu Dhabi / WAM     The International Renewable Energy Agency (Irena) kicked off its twenty-fourth Council meeting on Thursday in Abu Dhabi. The biannual two-day meeting, chaired this year by Uruguay, gathers more than 400 delegates from 108 countries to discuss the world’s energy transition ahead of the annual UN Climate Change Conference (COP27) in Sham el-Sheikh, Egypt. “We are staring ...

Abu Dhabi / WAM The United Arab Emirates welcomed joint cooperation between the Arab Republic of Egypt and the International Monetary Fund (IMF) in light of the agreement reached by the two parties. The UAE affirmed its support for efforts by the Arab Republic of Egypt to implement the necessary economic and structural reforms to ensure the preservation of strong, ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Karl Nehammer, Federal Chancellor of the Republic of Austria, have witnessed the signing of a Strategic Energy Security and Industrial Cooperation (Sesic) partnership between the UAE and Austria. The Sesic will focus on projects of mutual interest in refined products, liquefied natural gas (LNG), renewables, and ...

Abu Dhabi / WAM The first Etihad Airways flight to use sustainable aviation fuel (SAF) supplied by ITOCHU Corporation and Neste took off from Tokyo Narita airport on Thursday. The pioneering flight, EY871 departed Tokyo Narita, was the result of a partnership in which ITOCHU provided Neste MY Sustainable Aviation Fuel to Etihad, the UAE national airline, making Etihad the ...

Abu Dhabi / WAM Jaheziya, a single-stop service provider for defence solutions and emergency response services, on Thursday announced their participation in Adipec 2022, where they will unveil a new strategic business collaboration, and underscore their innovative solutions intended to aid energy sector training and technology initiatives. At the event, running from October 31 to November 3 at the Abu ...

Dubai / WAM Emirates Islamic’s (EI) bank net profit jumped to AED1.054 billion for the first nine months of 2022 on higher funded and non-funded income with a significant reduction in the cost of risk, reflecting improved business sentiment. In the period from January-September, the bank recorded a strong operating performance on higher funded and non-funded income coupled with reduction ...

Abu Dhabi / WAM The UAE Federal Agency for Early Education (FAEE) has launched the Emirati Recruitment Initiative (ERI) to attract nationals into the early education ecosystem, contribute to the development of this vital sector and enrich Emirati educational capabilities. Applications are now open to nationals from the seven emirates with various academic and professional backgrounds wishing to play a ...

Chris Bryant Fed up with having his private jet tracked by climate activists typing on Twitter, Bernard Arnault has sold the capacious Bombardier 7500 aircraft belonging to his luxury goods company LVMH Moet Hennessy Louis Vuitton SE. But the world’s third-richest man isn’t about to join the masses flying commercial (quelle horreur!). Instead, Arnault plans to rent private aircraft: “The ...

Allison Schrager To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient. The president normally doesn’t have much impact on the current economy; he doesn’t set energy or ...

Kraft Heinz Co. and Jeff Bezos-backed startup NotCo are following through with their bet on plant-based foods. Eight months after announcing their joint venture (JV), the companies are unveiling their first products: animal-free cheese slices and mayonnaise. Not Cheese will first appear on shelves in a small market test in Cleveland in early November, with a national rollout to follow ...