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  Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar) plays a crucial role in supporting the UAE leadership’s vision to promote relevant initiatives and innovation. Since its establishment in 2006, the company has supported the UAE’s efforts to promote sustainability and climate action. Masdar has exerted significant efforts to boost innovation for over 15 years. It has ...

  MOGADISHU / WAM A second humanitarian aircraft, which is part of the air bridge of the Emirate’s Red Crescent (ERC), travelled to Mogadishu to provide aid to Somali people affected by drought, upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has confirmed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Independent Power Producer (IPP) model. A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023. This will raise the capacity ...

  Bloomberg Russia should continue talks with the US and its allies on its demands for security guarantees in Europe, Foreign Minister Sergei Lavrov told President Vladimir Putin, suggesting the Kremlin will extend efforts to reach a diplomatic solution to surging tensions with the West. Putin said “all right” in response to Lavrov’s proposal, made in comments shown on state ...

  ABU DHABI / WAM The upcoming visit of President of Turkey, Recep Tayyip Erdogan, to the UAE on Monday reflects a significant step towards enhancing the growing strategic relations between the two regional partners. The Emirati-Turkish relations witnessed a qualitative leap with the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

  Abu Dhabi / WAM Bangladesh is keen to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, a top Bangladeshi diplomat told the Emirates News Agency (WAM). AK Abdul Momen, Foreign Minister of Bangladesh, who is on a four-day official ...

  DUBAI / WAM The UAE Government Media Office announced the success of the second edition of the “World’s Coolest Winter” campaign, that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on December 2021. The campaign promoted tourism, natural sites and entertaining destinations and experiences ...

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t ...

Bloomberg US Secretary of State Antony Blinken and foreign ministers from Japan and South Korea committed to work together to deter further Russian escalation along Ukraine’s border and condemned North Korea’s recent ballistic missile launches. Blinken, Japanese Foreign Minister Yoshimasa Hayashi and South Korean Minister of Foreign Affairs Chung Eui-yong stressed the “critical importance” of strong cooperation among their countries ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Friday announced that the central bank of the UAE had granted in-principle approval to launch a new digital banking platform, which will be called “Wio”. With its headquarters in Abu Dhabi, Wio will enhance the capital’s growing reputation as a global financial services centre at the ...