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Bloomberg Norway’s government, which oversees the world’s biggest sovereign-wealth fund, expects climate and social issues to dominate investment decisions in the coming decades. “There is a growing expectation, not only in Norway, but internationally that there will be a high level of ethical awareness,” Finance Minister Jan Tore Sanner said in an interview. “We must have the highest possible return ...

DUBAI / WAM The UAE Government announced that it will employ biometric face recognition (Facial ID) to register customers in the “UAE Pass” application, as part of its plan to launch the first safe digital national ID for citizens and residents. The UAE Pass app is the first national digital identity and signature solution that enables users to identify themselves ...

ABU DHABI / WAM Masdar has announced the signing of agreements to develop a utility-scale solar photovoltaic (PV) project in the Republic of Azerbaijan. The 230-megawatt (MW) project is the country’s first foreign investment-based independent solar project structured as a public-private partnership. Mohamed Jameel Al Ramahi, CEO of Masdar, signed the Investment Agreement for the project with Parviz Shahbazov, Minister ...

ABU DHABI / WAM Wizz Air Abu Dhabi, the newest UAE national airline, on Wednesday announced its first flight to Tel Aviv on April 18, following the announcement that Israel has been added to the green list. Tickets are already on sale on wizzair.com and the airline’s mobile app, which is also available in Arabic, with fares starting as low ...

CAIRO / WAM Adel Abdulrahman Al Asoomi, Speaker of the Arab Parliament, on Wednesday congratulated the UAE’s leadership, government and people on the start of the commercial operation of Unit 1 of Barakah Nuclear Power Plant, the first peaceful nuclear power plant in the Arab region. Al Asoomi stressed that the launch of the plant is a distinguished achievement to ...

ABU DHABI / WAM Mohammed Hilal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has held a video conference meeting with Dr Mohammed Shukri Mohammed Saeed, Chairman of the Investment Authority of the Kurdistan Regional Government and Ahmed Al Dhaheri, the UAE Consul General in the Kurdistan Region of Iraq. They discussed ways of strengthening economic and ...

Bloomberg Oil traded near $63 a barrel in London as traders awaited weekly US inventory data for the latest steer on the demand recovery. Brent futures climbed 1%, swinging between gains and losses. Attention will shift later to US inventories, after an industry report showed a decline in crude stockpiles but a gain in gasoline holdings. The government data will ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has won two accolades at the Middle East Event Awards (MESE), further cementing the company’s proven excellence. The Abu Dhabi National Exhibitions Company was recognised as the ‘Best Employer of the Year, 2020’ in the events industry, following its presentation of its core mission, vision and values alongside the ...

FUJAIRAH / WAM Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers. Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier and the highest since March 1, according to Fujairah Oil Industry ...

AL AIN / WAM The United Arab Emirates University (UAEU) will participate in a special pavilion in Expo 2020 Dubai next October. The pavilion will shed light on the “University of the Future” initiative, which aims at revolutionising higher education in the Arab world by 2030. Zaki Nusseibeh, Chancellor of UAEU, said that the university’s participation in the fair through ...