News

  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 ...

  ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport of Abu Dhabi has announced a new digital parking fees payment option through the smartphone app “Darb”. The app allows motorists to use the available balance in their Darb e-wallet to pay parking fees, simplifying procedures and saving time and effort by offering ...

  Abu Dhabi / WAM The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organisation (WIPO) will protect the summit’s trademark in more than 125 countries that are ...

  HANOI / WAM The Vietnamese Health Ministry has started issuing vaccine passports, the Vietnam News Agency (VNA) reported. Vietnam’s vaccine passport follows the standards of World Health Organisation (WHO) and the European Union (EU), which are followed by 62 nations. The passport will be available on PC Covid-19 or Digital Health apps. If people don’t have the apps, they ...

SAKHIR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with His Majesty King Hamad bin Isa Al Khalifa of Bahrain, the prospects of further consolidating the fraternal relations between the two nations across all fields. During the meeting, which took place at the ...