Dubai / WAM The Bloomberg UAE Capital Markets Forum 2022 opened in Dubai, with the participation of local and international government and business leaders discussing the UAE’s global growth outlook, IPO boom and road to net zero. The forum’s three panel discussions assessed the economic impact of the UAE’s expanding trade relationships with fast-growth Asian and African economies, the ...

  ABU DHABI / WAM The Department of Community Development (DCD) in Abu Dhabi has launched Wyakom, an online platform, that empowers community members to address pressing social challenges. In partnership with Al Tawajud Al Baladi, the first phase of this pilot will focus on the Khalifa City community. The platform will invite residents to identify solutions to specific social ...

  ABU DHABI / WAM Around 7,035,000 people have benefited from the Emirates Red Crescent (ERC) Ramadan programmes in six Yemeni governorates, including Shabwa, Hadhramaut, Taiz, Hodeidah, Aden and Socotra, according to an ERC statement. Some 6,870,000 people benefited from the Ramadan Mir and Iftar project, while 165,000 people benefited from the Eid clothing initiatives. The programmes are in implementation ...

  Dubai / WAM The UAE’s National Association of Freight and Logistics (Nafl) has extended its support to the Federation of Freight Forwarders Associations in India for hosting the 3rd edition of Logix India a month after both countries signed the Comprehensive Economic Partnership Agreement (Cepa) to boost their merchandise trade to $100 billion over the coming five years. The ...

  Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already ...

  Bloomberg Italy’s government is set to approve a new set of measures to cushion families and businesses from continuing increases in energy and fuel prices. The new aid won’t require additional borrowing for the time being, Prime Minister Mario Draghi said during a press conference in Rome. The package is set to be approved at a cabinet meeting. Financing ...

  Bloomberg TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia. The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies ...

  Bloomberg Spain plans to set temporary limits on power prices in the coming weeks, in one of the boldest attempts in Europe to stem a surge in energy costs that has forced industries to shut operations and furlough workers. Ecological Transition Minister Teresa Ribera said she is confident the European Council will give the green light to limits at ...

Bloomberg Swedish battery-maker Northvolt AB is building a new plant in northern Germany as European car manufacturers accelerate their shift to electric vehicles. The factory, dubbed “Northvolt Drei,” would produce 60-gigawatt hours of battery capacity annually, the company said. Northvolt expects it to produce its first lithium-ion batteries in 2025. The new plant in Germany will boost Northvolt’s overall battery-cell ...

As a young KGB officer stationed in Dresden, Vladimir Putin became fluent in German and went on to fancy himself quite the expert on his host culture. How ironic that decades later his actions have led to a turning point in German history that he won’t like, but the world should welcome. When Putin launched his unprovoked war of aggression ...