Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway, is tripling its fleet by announcing the award of a contract for the manufacture, supply and commissioning of 842 new wagons bringing its total fleet to more than 1,000 units to serve the whole network. This expansion paves the way for the rail transport to ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH). According to a statement issued by ADX on Tuesday, MDGH is the debt issuing entity of Mubadala Investment Company, and the MDGH bonds have their primary ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA) stymied approximately 120, 038 cyber-attacks, during July, according to the authority’s monthly report. The report, which addresses the cybersecurity developments in the Federal Government of the United Arab Emirates for April, noted that the National Computer Emergency Response Team (CERT) responded the cyber-attacks which varied between malware (78 percent), vulnerabilities (11 ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has launched innovative new protective wear for First and Business class guests. As part of its new health and hygiene programme, Etihad Wellness, premium passengers will receive a snood style facemask for use throughout their journey and beyond. The soft reusable snood has been treated with MicrobeBARRIER ...

Bloomberg BP Plc slashed its dividend for the first time in a decade and set out new targets to accelerate its shift to greener energy after the coronavirus pandemic upended the oil business. The u-turn in its dividend policy was expected after European peer Royal Dutch Shell Plc slashed its own payout in April. Big Oil’s generous dividends have long ...

Bloomberg Europe may lock-in raised targets for renewables and energy efficiency as part of its Green Deal strategy to zero-out greenhouse gases by the middle of the century. The European Union’s executive on Tuesday outlined options on how existing laws could be revised to accelerate the ambitious environmental clean-up. The findings will complement a wider look at toughening the EU’s ...

Bloomberg A Singapore startup is seeking to connect potential buyers and sellers of solar power directly. Electrify Pte’s platform lets owners of homes and businesses bid and offer rates for specific amounts of electricity. By selling directly to users rather than the grid, solar owners can get more money for their power, while consumers avoid paying a premium for renewable ...

It’s the technology, stupid! Congress hauled the leaders of Amazon, Apple, Facebook and Google up on Capitol Hill the other day, digitally of course. They stand accused of all manner of abuse of power, but mainly (1) using their immense market presence to squeeze competitors and (2) tapping their vast databases to shape Americans’ political, cultural and economic behaviour. The ...

Yet another storied clothing retailer has found itself no match for the financial pain brought on by the pandemic. Lord & Taylor, the department store chain that was once a star among the glittering emporiums of Fifth Avenue, has filed for Chapter 11 bankruptcy. Lord & Taylor filed along with Le Tote, the startup clothing rental company that had acquired ...

The lifting of Covid-19 lockdowns around the world was never going to be easy. But as infections are flaring up from Spain to Australia, it’s worth noting that two of the hardest-hit countries at the pandemic’s peak — Italy and Sweden — are keeping the virus’s spread under control. Daily confirmed cases in both nations are now averaging at around ...