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  ABU DHABI / WAM Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, has announced its financial results for the 12 months period ended on December 31, 2021. It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up year-on-year. ...

  Bloomberg Malaysia’s state oil company Petroliam Nasional Bhd. swung to profit in the final three months of 2021, due to a smaller impairment loss, higher earnings and elevated crude oil prices. Petronas posted net income of 13.4 billion ringgit ($3.2 billion) in the December quarter, versus a 1.1 billion ringgit loss a year earlier, the company said. Revenue climbed ...

Bloomberg China is “extremely concerned” about the harm to civilians in Ukraine, Foreign Minister Wang Yi told his Ukrainian counterpart in a call, in the latest indication of Beijing’s desire to prevent the war’s further escalation. Wang said the world’s second largest economy also “deplores the outbreak of conflict between Ukraine and Russia,” according to a statement posted on the ...

  Bloomberg Roman Abramovich is selling his London properties, according to British MP Chris Bryant, and a Swiss billionaire said he’s been approached about buying Chelsea Football Club. “He’s terrified of being sanctioned, which is why he’s already going to sell his home tomorrow and sell another flat as well,” Bryant, a member of Britain’s opposition Labour Party, said in ...

Bloomberg Nord Stream 2 AG, operator of the controversial gas pipeline under the Baltic Sea to Germany, said it can’t confirm published reports that it has filed for bankruptcy amid a raft of international sanctions against Russian assets. “We cannot confirm the media reports,” it said in a statement. Switzerland-based Nord Stream 2 AG “only informed the local authorities that ...

Bloomberg Prime Minister Boris Johnson was accused of being slow to act in sanctioning Russian billionaires after the UK lagged the US and European Union in targeting individuals with links to Vladimir Putin. In Parliament, opposition Labour Party leader Keir Starmer questioned why Igor Shuvalov, Putin’s former deputy prime minister, is not on the UK sanctions list despite being on ...

  Bloomberg A group of the world’s richest nations that pledged $8.5 billion in climate finance to South Africa wants the money to be used to retire coal-fired power plants, according to a senior U.S. official involved in the talks, damping suggestions some could be channeled to producing electric vehicles and green hydrogen. The funds pledged by the US, UK, ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, discussed by phone with the Russian President, Vladimir Putin, a number of regional and international issues, in the context of wider discussions which included earlier calls with the British PM, Boris Johnson, and French ...

  Dubai / WAM In line with international initiatives that promote innovative and sustainable agricultural practices to achieve sustainability and food security, the Brazilian Trade and Investment Promotion Agency (ApexBrasil) hosted the ‘Brazil-UAE Agri Talks,’ in association with the Arab Brazilian Chamber of Commerce (ABCC). The high-level event brought attention to the potential of the Brazilian agribusiness sector and UAE’s ...

  DUBAI / WAM Dubai International Financial Centre (DIFC) has launched a ground-breaking Artificial Intelligence (AI) and coding license in cooperation with the UAE Artificial Intelligence Office. The license, which is a UAE first, will advance the country’s Artificial Intelligence Strategy 2031, which aims to enhance the UAE’s reputation in this field by attracting AI companies and coders from around ...