News

Bloomberg Nestle SA is in talks to sell its US bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter. The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to be identified as the matter is private. Talks are ongoing ...

Bloomberg Regions of the UK powered by a combination of nuclear and wind are already hitting 2030 climate targets, according to an industry report. Britain has pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations to put the UK at the vanguard of the fight against climate change. The prime minister’s goal to slash pollution ...

DUBAI / WAM The UAE Government has launched a programme to attract elite graduates from distinguished educational institutions in the UAE and the world, and involve them in creating innovative solutions for the UAE’s future. The “Moonshot 2071” Apprenticeship Programme, will seek to develop pioneering ideas for the UAE’s next 50 years, and design the future of governments. Organised by ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed and completed a strategic real estate investment partnership with Abu Dhabi Pension Fund (ADPF). The transaction is ADPF’s third successive energy infrastructure and real estate asset partnership with Adnoc and marks ADPF’s largest single transaction with Adnoc to date. The ADPF partnership ...

DUBAI / WAM Zulekha Hospital in the UAE and Israel-based Health Plus have signed a mutual agreement to cooperate in the field of medical tourism. The partnership hopes to further strengthen both healthcare systems by sharing medical expertise and best practices. In their statements, following the signing of this agreement, Senior Director Administration at Zulekha Hospital Dubai Dr Zia Ur ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan ordered the disbursement of a grant worth AED24,392,473 to athletes who accomplished sporting achievements in 2019, benefitting 680 athletes from 29 federations. The grant will be distributed to athletes without holding the customary annual ceremony, in line with the precautionary measures adopted by the country to protect ...

Bloomberg Opec and its allies can celebrate their success in buoying world oil markets when they gather this week. But the coalition will soon be faced with some tough choices. Last month’s pledge by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman to slash production by a further 1 million barrels a day has buttressed global markets against the latest ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Tuesday announced that BMW Group is the first customer for EGA’s CelestiAL aluminium, made with the power of the desert sun. EGA has supplied metal to BMW Group since 2013 for use in the German carmaker’s engines and other parts. EGA will supply 43,000 tonnes of CelestiAL aluminium to BMW Group ...

ABU DHABI / WAM Zaki Nusseibeh, Minister of State and Chancellor of the United Arab Emirates University (UAEU), discussed, with the Belgian Ambassador Peter Claes, the cultural ties between the UAE and the Belgium. During the videoconference meeting, which took place on Tuesday, Nusseibeh expressed his keenness to strengthen overall bilateral ties between the two countries, most notably is the ...

Dubai / WAM The UAE government has launched a programme to attract elite graduates from distinguished educational institutions in the UAE and the world, and involve them in creating innovative solutions for the UAE’s future. The “Moonshot 2071” Apprenticeship Programme, will seek to develop pioneering ideas for the UAE’s next 50 years, and design the future of governments. Organised by ...