Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced the appointment of Mansoor Mohamed Al Hamed as Chief Executive Officer (CEO) of the international oil and gas exploration and production company, which is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala). Al Hamed succeeds Dr Bakheet Al Katheeri, who was recently appointed to an executive leadership position in the newly ...

SHARJAH / WAM Sharjah developer Arada announced the award of a contract to build “Nest”, an integrated student housing complex based at its Sharjah megaproject Aljada. The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,502 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

DUBAI / WAM Digital connectivity and the changing nature of travel and tourism in the reality of the pandemic were just some of the key themes explored by travel experts, international participants and Official Partners, including Emirates and Etisalat, as Expo 2020 Dubai continued its pre-event programme. Covering key sectors such as mobility, transport and logistics, governance, education and travel, ...

Bloomberg Several UK utilities are lining up to support changes to how households are taxed in Britain for their energy use. In an effort to make electricity cheaper for charging cars and heating homes, the Prime Minister Boris Johnson’s government is considering moving some levies away from power to gas bills. It’s a move that could kick-start the mammoth task ...

Bloomberg A century after the global shipping fleet ran largely on coal, the world’s largest shipping line is taking a historic step toward not using fossil fuels for propulsion. All newly constructed vessels owned by AP Moller-Maersk will have to be able to use carbon-neutral fuels, such as clean methanol and ammonia, as well as traditional oil-based products, the company ...

“I came in expressing a strong spirit of bipartisanship,” President Barack Obama said, “and what was clear was that even in the midst of crisis, there were those who made decisions based on a quick political calculus rather than on what the country needed.” At the start of 2010, his second year in office, Obama was remembering what he called ...

Venezuelans had rare occasion to celebrate last week when a government directive cleared the way for hundreds of thousands of their compatriots in harm’s way to receive doses of Covid-19 vaccines. Oh, wait. The compatriots in question were immigrants, having exited their failing homeland to make a new life abroad. The government was Colombian, whose directive to protect expatriate Venezuelans ...

Goldman Sachs Group Inc’s strategy for broadening its reach beyond Wall Street and the wealthiest clientele made all the sense in the world. It already had a consumer bank, Marcus, that offered options like higher-interest savings accounts for individuals. So why not let them invest their money through Marcus as well, even if the sums are comparatively modest by Goldman ...

It was already pretty safe to say that Warren Buffett wasn’t going to get in on the overzealous GameStop Corp buying action of late. But a regulatory filing signalled that the famed investor is still hesitant about stocks generally, with his Berkshire Hathaway Inc back to hoarding cash while riding out a market that’s been disjointed by a global pandemic, ...