Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that targeted a hotel in Somalia’s capital, Mogadishu, that killed several innocent people and injured others. In a statement, the Ministry of Foreign Affairs and International Cooperation stressed that the UAE strongly condemns these criminal acts and fully rejects all forms of violence and terrorism aimed at destabilising ...

ABU DHABI / WAM The Abu Dhabi Commercial Bank (ADCB) has appointed Sheikh Zayed bin Suroor Al Nahyan as a member of the Board of Directors of ADCB. At its meeting, board members acknowledged the contribution of Abdulla Khalil Al Mutawa to the bank, who resigned from the board after 24 years of service. Khaldoon Al Mubarak, Chairman of the ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 127,572 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, 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 ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has issued a Consumer Protection Regulation, the foundation of its new Financial Consumer Protection Regulatory Framework (FCPRF) and aims to ensure the fair treatment and protection of consumers. The new regulation is supported by Decretal Federal Law No. 14 of 2018 Regarding the Central Bank and Organisation of Financial ...

DUBAI / WAM Enoc Group on Monday announced that the construction of its pavilion at Expo 2020 has been completed. The state-of-the-art pavilion under the theme of ‘Reimagine Energy,’ occupies a plot of approximately 2,060 m2 and comprises five distinct structures. The pavilion was built using 700 tonnes of steel to minimise waste and environmental impact, and to promote environmental ...

Bloomberg BP Plc will sell a stake in an Omani gas block to Thailand’s national energy firm for $2.6 billion, part of a push to divest billions of dollars of assets and focus more on renewable energy. PTT Exploration and Production Public Co Ltd has agreed to pay the sum for 20% of Block 61, according to statements from both ...

Bloomberg NextEnergy Renewables Ltd plans to raise 300 million pounds ($412 million) in an initial public offering in London, capitalising on growing demand for sustainable investments. The company will invest in renewable power assets and other infrastructure that enables the transition away from fossil fuels, the latest example of asset managers trying to match investors increasing concerns about environmental, social ...

Bloomberg A unit of GCL-Poly Energy Holdings Ltd defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd announced the default in a Monday exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading makers of solar-grade polysilicon, and whose shares have ...

Bloomberg Indian firms are returning to the liquefied natural gas (LNG) spot market as prices for the fuel recede from record-high levels. Importers including Indian Oil Corp and Petronet LNG Ltd have issued at least eight tenders seeking supplies for February to March delivery in the last two weeks. So far, four of them have been awarded. Most end-users stopped ...

Will 2021 be the year that leadership becomes feminine? As the year begins, there are more top female leaders than ever before. In the US, about a quarter of the legislature is female. Kamala Harris just became the first woman Vice President. Half of the Biden-Harris administration’s cabinet is female — another first. Women leaders are making gains in business ...