Abu Dhabi / WAM UAE rulers and leaders from the region and around the world have offered their condolences after the death of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The Ministry of Presidential Affairs announced the death of Sheikh Khalifa on Friday. He was 73. In a tweet on his official Twitter account, His Highness Sheikh ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has mourned the death of the leader of the nation, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, who passed away on Friday, May 13. In a tweet on his official Twitter account, HH Sheikh Mohammed ...

  Abu Dhabi / WAM Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development (Added), has said that the UAE and India are exploring mutual business opportunities with an unwavering commitment to further build on bilateral economic and trade relations. As part of his participation in the state delegation visiting India, Al Shorafa noted that the Comprehensive ...

  Bloomberg A single region in China plans to build enough solar farms off its eastern seaboard to power New Zealand. Shandong province, the industrial hub south of Beijing, issued a tender for the construction of 10 offshore solar plants in the seas surrounding China’s largest peninsula by 2025. The capacity planned is 11.25 gigawatts, more than peak consumption in ...

  Bloomberg Italian PM Mario Draghi wants to deepen ties and trade with Mediterranean countries such as Algeria and Libya, which are key partners in Italy’s rush to replace Russian energy imports. Draghi last month signed a deal to boost gas deliveries from Algeria and wants to enhance stability in Libya, once a key energy partner that has been beset ...

  Bloomberg Spain approved rules to cap natural gas prices, the most radical effort yet by a European government to contain the rally in energy costs sparked by the war in Ukraine. The announcement means weeks of back-and-forth between Madrid and the European Union on the plan could be close to an end. Portugal was expected to green-light similar rules. ...

  Bloomberg Global Infrastructure Partners (GIP) has agreed to buy clean energy company Atlas Renewable Energy to bolster its presence in Latin America, according to people familiar with the matter. New York-based GIP will acquire Atlas from private equity firm Actis in a deal valued at close to $2 billion, the people said, asking not to be identified discussing confidential ...

UK food prices are rising at the fastest pace in more than a decade. Britain’s big four supermarkets are trying to pass on their own inflation by charging more. However, they must be careful not to sleepwalk into a crisis — as they did in the wake of the great recession, when they drove customers into the arms of the ...

London is the underdog to New York in the battle to host Arm Ltd’s return to the stock market. It shouldn’t be. The greatest homegrown UK technology business was listed in London before its purchase by SoftBank Group Corp in 2016. There is no convincing reason to believe Arm would be more successful as a US-listed company. SoftBank is planning ...

It has been a rough few months for US stocks but even rougher for shares of technology companies. The widely followed and tech-heavy Nasdaq Composite Index is down about 30% since it peaked in November. Investors may be wondering whether tech stocks are a bargain. The answer is no: They’re a lot cheaper but not cheap yet. One way to ...