Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) part of ADQ, on Sunday announce the launch of its first Sustainability Report, the first across the region to be presented in such a comprehensive format and is expected to be updated annually. The report, ADX said, is aligned with its growth strategy, and aims to increase the adoption of sustainable ...

Sharjah / Emirates Business Sharjah has ranked the top in high growth activation phase ecosystems in the newly launched Global Startup Ecosystem Report (GSER), marking a milestone in the emirate’s journey towards becoming a thriving global startup hub. In line with the Sharjah Entrepreneurship Center’s mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa ...

Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) organised its first online B2B matchmaking event, which witnessed the participation of more than 100 Emirati and Korean businesses. This virtual online meeting is held instead of a physical one considering the current coronavirus pandemic and the applied precautionary measure including social distancing. At the beginning of ...

DUBAI / WAM Emirates has announced that it will be offering scheduled flights for passengers from seven additional cities in July. The flights include Khartoum (from July 3), Amman (from July 5), Osaka (from July 7), Narita (from July 8), Athens (from July 15), Larnaca (from July 15) and Rome (July 15), the Dubai-based airline said on Sunday. “This takes ...

Dubai / WAM Dubai Customs’ offices resumed work at 100 percent capacity with intensified precautionary measures to ensure safety from Covid-19. This follows the government directives of gradual return to offices which Dubai Customs started from June 14. The last two weeks saw the Government Department’s staff return gradually to their offices following a shift routine where half of the ...

Bloomberg India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s oil minister Dharmendra Pradhan said at the BloombergNEF Summit, referring to ...

Bloomberg Electricite de France (EDF) faces a possible $11 million fine after being accused by French regulators of providing false information on the Hinkley Point C nuclear project and lacking transparency concerning new circumstances that ramped up its cost. In October 2014, EDF announced it would build the UK’s first nuclear reactors since 1995 after reaching a deal with the ...

Bloomberg A collective of more than 200 farmers in a rural part of the Netherlands got financing to build one of the largest onshore wind farms in the country. Windpark Zeewolde BV secured 500 million euros ($561 million) of debt from Rabobank to construct the 322-megawatt wind farm about 50 kilometres (31 miles) east of Amsterdam. The group plans to ...

Bloomberg US President Donald Trump’s government has put pressure on Japan’s Hitachi Ltd not to sell a nuclear-power project in the UK to China, The Sunday Times reported, without saying where it got the information. Hitachi is weighing options for the Horizon nuclear project in Anglesey, according to the report. The company said in January 2019 that it would halt ...

Bloomberg In the north of England about 450 engineers are toiling away to build a new large gas plant. It could be one of Britain’s last. SSE’s 840-megawatt Keadby plant is the latest gas plant under construction in the UK. At the start of June a gas turbine weighing as much as an Airbus A-380 arrived on-site from Germany, keeping ...