Abu Dhabi / WAM Fertiglobe on Monday reported that its Q3 2021 revenues increased 175 percent to $867 million and adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020. Thanks to strong earnings momentum, Fertiglobe — a strategic partnership between ADNOC and OCI headquartered in Abu Dhabi, announced that it has increased its ...

Abu Dhabi / WAM Micco Logistics, a subsidiary of AD Ports Group, acquired 31 tipper trucks as part of its effort to offer broader integrated logistics support to the UAE’s construction and metals manufacturing sectors. The trucks will join Micco’s existing ground fleet of 400 plus vehicles that currently service several industry sectors, including the Pharmaceutical, Healthcare, Fresh and General ...

Bloomberg French energy giant Engie SA entered exclusive talks to sell its services unit Equans to conglomerate Bouygues SA for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year. “Bouygues’ offer was the most compelling taking into account all criteria including financial valuation,” Engie, based near Paris, said in a statement. Bouygues ...

If US troops were deployed on Taiwan, China’s government-run Global Times warned in August, Beijing would “destroy and expel” them and “realise reunification by force.” Two months later, media reports confirmed that the Pentagon had indeed placed small numbers of US forces on Taiwan. The People’s Liberation Army didn’t strike. But the episode was enough to make one wonder whether ...

US manufacturers hired 60,000 people in October, double economists’ estimates and the most since June of last year. It was a robust showing, led by automakers. But payrolls in the sector are still down by almost 300,000 since the end of 2019, even as many large industrial companies are reporting sales above pre-pandemic levels. Last month’s recruitment success will only ...

Arrangements for Hong Kong’s first legislative election under a revamped system are leaving little to chance. There must be competition — but not too much, and of the right kind. Meanwhile, the anti-corruption agency has warned against calls to cast blank ballots or abstain from voting — two of the few ways left for people to register disapproval of a ...

Did India’s political leaders learn anything from the deadly second wave of Covid-19? Hospitals in the capital, New Delhi, are once again overwhelmed with patients and the health authorities don’t have beds for them. The disease has changed — dengue, not coronavirus — but the dysfunction remains the same. For the country that wants to be the pharmacy to the ...

Bloomberg UK Prime Minister Boris Johnson is battling a mounting backlash over his attempt to protect a Conservative lawmaker found to have broken lobbying rules, with Parliament set to hold an emergency debate. Johnson was forced to perform a U-turn following widespread condemnation — including from fellow Tories — of his decision to try to tear up Parliament rules rather ...

Bloomberg The African Union’s special envoy held talks with a top Tigray official on the civil war engulfing Ethiopia. The discussions, which took place at an undisclosed location, were “fruitful,” Tigray People’s Liberation Front official Getachew Reda said on Twitter. African Union Special Envoy Olusegun Obasanjo, a former Nigerian president, travelled to Ethiopia last week to help mediate an end ...

Bloomberg Nicaraguan leader Daniel Ortega is on course for a landslide in Sunday’s presidential election after he jailed his main opponents. With nearly half of ballots tallied, the 75-year-old former guerrilla had 75% of the votes, according to a partial count by the electoral authority published in state-run-newspaper El 19. The US, the European Parliament and Human Rights Watch have ...