Blog List Layout

  Abu Dhabi / WAM Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary ...

Bloomberg Group of Seven nations agreed to stick by Ukraine to the bitter end and ratchet up the cost to Russia of its aggression, while leaving much of the detail of how to do so unresolved. At the conclusion of a G-7 summit in Germany, leaders stressed their “unwavering commitment” to the government and people of Ukraine, and made clear ...

Bloomberg The UK government would have to pay £14 billion pounds ($17 billion) a year to give public-sector workers the 7 percent pay raise that some of them are demanding. The figures, from an analysis by Bloomberg Economics, shed light on the options Prime Minister Boris Johnson is facing to defuse the biggest round of strikes in decades. Rail workers ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has signed a strategic collaboration agreement with the Emirati Talent Competitiveness Council (Nafis), to accelerate the recruitment of talent in the private sector and create 3,000 additional jobs for UAE nationals in its supply chain by 2025. Through this agreement, Adnoc will step up ...

Sarajevo / WAM Sheikha Bodour Al Qasimi, President of the International Publishers Association (IPA), has travelled to Sarajevo to meet with stakeholders from the publishing community of Bosnia and Herzegovina as they continue their recovery and response to the challenges presented by the global pandemic, and by increasing global instability. Underscoring the IPA’s mission to support and promote publishing for ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced the launch of an Automatic Smart Grid Restoration System (ASGR), the first of its kind in the Mena region, to increase the control, management, and monitoring of its power network. The system works around the clock without any human intervention. It uses a smart, innovative, and central system ...

  Bloomberg European natural gas prices rise as Russia’s deep supply cuts are slowing the pace of refilling storage sites, threatening to fall short of levels required to keep homes warm in the coming winter. Benchmark futures started the week with a gain of as much as 6.9%. Buyers have found it more difficult to replace Russian gas from elsewhere ...

Bloomberg The leaders of Finland and Sweden are set to meet with Turkish President Recep Tayyip Erdogan on Tuesday in a bid to convince him to drop the objections to their membership in Nato. Finland’s President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson are slated to meet Erdogan in Madrid, alongside Jens Stoltenberg, the secretary general of the North ...

  Dubai / WAM Emirates Health Services (EHS) has signed a memorandum of understanding with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced health services, as well as innovative hi-tech solutions to support the sector and boost its regional and international competitiveness. The MoU outlines various areas of cooperation for EHS to work on with Johnson ...

  Sharjah / WAM The Sharjah Chamber of Commerce & Industry (SCCI) organised a business meeting with the embassy of the Republic of North Macedonia in the UAE and the Sharjah Commerce and Tourism Development Authority (SCTDA), in the presence of a group of elite businessmen and tourism sector representatives. The meeting was held due to the visit of an ...