Abu Dhabi / WAM EQT has announced that the EQT Infrastructure III and IV funds (EQT Infrastructure) signed an agreement to sell a minority stake in GlobalConnect to Mubadala Investment Company (Mubadala). Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider to enterprises, public institutions, and consumers in Northern Europe. The company was ...

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) launched Food Import and Export Management Information System (Fiemis) during its participation in Gitex Technology Week 2022. The platform allows food import and export services through the Advanced Trade and Logistics Platform (ATLP) operated by Abu Dhabi Ports’ Maqta Gateway and under the Abu Dhabi Department ...

  FLORENCE / WAM Alessia Bertini, Deputy Mayor of Florence, Italy, has presented the Key to the City of Florence to HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation”, for her efforts in ...

  Abu Dhabi / WAM The Abu Dhabi Businesswomen Council held its first meeting in 2022, which was led by the Chairwoman of the Council Asma Al Fahim. The meeting addressed the council’s strategic objectives and creative initiatives to enhance women’s contribution to sustainable economic development in the Emirate of Abu Dhabi. The members of the council discussed opportunities to ...

  Dubai / WAM The Emirates News Agency (WAM) has showcased, during its participation in the 42nd edition of Gitex Technology Week, the advanced tech solutions and systems and smart applications that it is currently using across work and news systems. WAM also spotlighted its development plans for news-related digital services, which are part of its efforts to contribute to ...

LIWA, Al Dhafra / WAM The first edition of the Liwa Date Festival and Auction will begin on Saturday, in Liwa City, Al Dhafra Region, Abu Dhabi, under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region. Organised by the Cultural Programmes and Heritage Festivals Committee on October 15-24, the event aims to ...

  Bloomberg Indonesia may only need $37 billion to shut down its coal-fired power plants, even if the bill doesn’t include building renewable energy to take their place. That $37 billion worth of financing would be enough to buy out future revenues of 118 existing coal plants and up to 10 years of contracted coal power generation, meaning Southeast Asia’s ...

Bloomberg Russian oil major Rosneft PJSC has filed a legal complaint against the German government’s move last month to take control of its assets in the country. Chancellor Olaf Scholz’s ruling coalition justified the step by saying it was necessary to protect energy supplies and secure the future of the Schwedt refinery near the Polish border, which supplies Berlin and ...

Bloomberg Germany met a crucial natural-gas storage target more than two weeks ahead of plan, but the regulator warned that wasn’t enough to guarantee supplies during the coldest months. Gas storage in Europe’s biggest economy is now on average 95% full, ahead of a November 1 deadline, according to the Economy Ministry. Germany was the EU country most reliant on ...

  Bloomberg The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions on the export of Russian crude. Some ice-class Aframax vessels have recently been sold at between $31 million and $34 million, double the price compared with a year earlier, said shipbrokers. The bids for tankers have been aggressive and most ...