Abu Dhabi / WAM Emirates Water and Electricity Company (Ewec) completed the transfer of its control centre from Abu Dhabi Transmission and Despatch Company (Transco) to its own assets, which is an important step towards enhancing energy efficiency in the UAE, asserted Ahmed Mohammed Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE). Ewec is now tasked ...

    Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, approved the Government of Dubai’s general budget for the fiscal cycle of 2022-2024, with a total expenditure of AED181 billion. His Highness Sheikh Mohammed has also approved Law No. (28) for the ...

    Abu Dhabi / WAM The Public Prosecution on Sunday published a video on its social media accounts highlighting the potential penalties for spreading rumours and false news, in accordance with Federal Decree Law No. 34 of 2021 aimed at combatting the spread of rumours and fake news. The Public Prosecution pointed out that according to Article 52 of ...

  Bloomberg The European Union (EU) is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens. The European Commission wants to give a temporary green label to gas projects that replace coal and emit no more than 270 grams of carbon dioxide equivalent per kilowatt-hour, ...

  Bloomberg Indonesia, one of the world’s top exporters of thermal coal, is pausing exports of the fuel in January to secure dwindling supplies for domestic power plants. The monthlong halt is needed to prevent shutdowns at about 20 power plants in Java, Madura, Bali and other regions, the energy and mineral resources ministry said in a statement posted on ...

  In 2021, inflation returned. After a year-long debate, nobody can any longer deny this. In 2022, we will discover whether it’s here to stay and how much bitter economic medicine will be required to quell it. On this vital issue, opinion is as divided as ever. Optimists still maintain that even if inflation has turned out to be more ...

As the world hurtles into a new year, excitement about the reality of electric vehicles — and the challenge of powering them — will only grow. The future of EV batteries looks uncertain: How will they be manufactured? Will they be safe and, at long last, affordable? The supply chain snarls of 2021 will bleed into next year, only adding ...

  Ironically, the first major central bank likely to be tested in 2022 is the most dovish: The European Central Bank (ECB). Since the December 16 unveiling of its post-pandemic stimulus policy review, there has been a gradual but persistent widening of Italian government bond yields, showing that weaning markets off unlimited quantitative easing is no simple task. As Italian ...

  After trade and technology, financial markets are shaping up to be the next front in the cold war between the US and China. Policy makers shouldn’t plunge into this battle too eagerly. Chinese regulators imposed new curbs on companies seeking to list overseas, potentially closing a loophole that technology firms have used to raise capital in the US. Broader ...

  Bloomberg Travel delays continued in the US early Sunday as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US were close to 1,900 early Sunday morning, with over 600 delays already posted, according to the tracking firm FlightAware.com, ...