News

  ABU DHABI / WAM The Sheikh Zayed Grand Mosque has been a leading destination for visitors of the major international events hosted by the UAE over the past six months, most notably Expo 2020 Dubai, the FIFA Club World Cup, the 5th Umex and SinTex, the International Defence Industry Technology and Security Conference, Global Goals Week, which was held ...

Bloomberg Tesla Inc is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said. The electric vehicle pioneer told some employees to enter a so-called “closed-loop” production system on April ...

  Bloomberg DiDi Global Inc will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad. The company said in statement it won’t apply to sell shares on any other stock ...

  Bloomberg Hibiscus Petroleum Bhd is considering listing a special purpose acquisition company in Singapore that could raise as much as S$200 million ($147 million), according to people familiar with the matter. The Malaysian independent oil and gas explorer has held talks with potential advisers on the potential Spac initial public offering, said the people, who asked not to be ...

  Bloomberg A group of investors led by BlackRock Real Assets and Mubadala Investment Co infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co, the Mumbai-based company said. The investor group will get about 10.53% stake in Tata Power Renewable Energy Ltd for the funds injected through equity and compulsorily convertible instruments, Tata Power ...

  Bloomberg Protests over land sold for mine expansions in one of India’s top coal regions are hindering efforts to boost production and avoid a repeat of last year’s energy crunch. Residents in the central state of Chhattisgarh, where Coal India Ltd operates some of Asia’s biggest coal mines, have accused the producer of reneging on offers of employment made ...

  Bloomberg When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the audience that crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. ...

  Abu Dhabi / WAM AD Ports Group on Friday announced that its feeder service, Safeen Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors. Under the terms of the agreement, the two companies will work closely together to ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) highlighted its most important achievements during 2021 in its annual report, which was issued in digital format for the third consecutive year. The report focused on EAD’s efforts in achieving its strategic vision to ensure a sustainable future for all by preserving biodiversity, mitigating the effects of climate change, ...

  MANAMA / WAM Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (Enec), has highlighted the Barakah Nuclear Energy Plant’s contributions to large-scale decarbonisation with an exciting vision for the continued clean energy transition in the UAE. This came during his talk on the Titans of Nuclear podcast that features interviews with ...