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US railroads, unions reach tentative deal to avert strike

  Bloomberg US railroads and unions reached a tentative deal on Thursday, a breakthrough that looks to avert a labour disruption that risked adding supply-chain strains to the world’s largest economy. After 20 straight hours in the latest round of talks — which included President Joe Biden and other administration officials — the companies and union negotiators reached a preliminary ...

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Adnoc Refining set to complete phase1 of ‘waste-heat’ project

  ABU DHABI / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi. Adnoc produces some of the world’s least-carbon intensive crude and the company is further reducing ...

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Ministry, Flat6labs launch initiative to promote SMEs

  ABU DHABI / WAM The Ministry of Economy, represented by The Entrepreneurial Nation, has launched a new initiative to attract Small and Medium Enterprises (SMEs) to the UAE and help promote their growth and local and global expansion. The initiative has been launched in collaboration with Flat6labs, a leading seed and early stage venture capital firm based in Abu ...

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Miral announces opening of SeaWorld Abu Dhabi in 2023

  ABU DHABI / WAM Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, in partnership with SeaWorld Parks & Entertainment, announced it has reached 90 percent construction completion of the next-generation marine-life theme park, SeaWorld Abu Dhabi, Yas Island’s latest mega-development. The development, which is due to open in 2023 as the latest addition to Yas Island’s tourism ...

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Xi unlikely to throw Putin a lifeline in Ukraine quagmire

  Bloomberg Shortly before invading Ukraine in February, Vladimir Putin and Xi Jinping declared a “no limits” friendship. Yet even as his forces suffer humiliating losses on the battlefield, Russia’s president shouldn’t expect much help at his first meeting with his Chinese counterpart since then. Xi and Putin meet face-to-face in Uzbekistan on Thursday in their first sitdown since a ...

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US seeks to sidestep Taliban in $3.5 billion Afghan aid plan

Bloomberg The US will put $3.5 billion in Afghanistan’s central bank reserves under the control of a Swiss-based oversight board to pay for limited financial services in the country while ensuring the Taliban regime doesn’t get access to the money, the US Treasury Department said. The funds, which the US froze after the Taliban takeover of Afghanistan last year, will ...

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Sheikh Hamdan launches Dubai’s R&D programme

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation (DFF), on Tuesday launched Dubai’s Research and Development (R&D) programme during a meeting at the DFF headquarters. The initiative aims to support key economic sectors and ...

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Dewa, WGEO complete preparations for World Green Economy Summit

  DUBAI / WAM All preparations are complete for the 8th World Green Economy Summit (WGES), which is set to take place on September 28-29 at the Dubai World Trade Centre. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD and CEO of Dubai Electricity and Water Authority (Dewa), and Chairman of World Green Economy ...

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UAE all set to host ISO annual meeting from Sept 19-23

ABU DHABI / WAM The UAE is set to host the Annual Meeting of the International Organisation for Standardisation (ISO) 2022 at the Adnoc Business Centre in Abu Dhabi from 19th to 23rd September, 2022. Organised by the Ministry of Industry and Advanced Technology (MoIAT), the event will take place in the presence of Ulrika Francke, President of the ISO, ...

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Xi returns to world stage with Putin to counter US global order

  Bloomberg In the almost 1,000 days since Xi Jinping last ventured abroad, China has found itself increasingly isolated within the US-led world order. He’s finally reemerging this week alongside Russia’s Vladimir Putin to showcase his vision for a viable alternative. Xi and Putin this week are expected to hold their first in-person chat since Russia invaded Ukraine, showing that ...

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