News

Bloomberg Nissan Motor is looking to breathe new life into its full-size pickup truck by electrifying it with the help of a Detroit-based startup, according to people familiar with the matter. The Japanese automaker is considering buying a battery-electric powertrain from Hercules Electric Vehicles for its Titan pickup and sharing parts for the startup’s own truck in a prospective strategic ...

Bloomberg Trial successes from Pfizer Inc and Moderna Inc have buoyed hopes that a Covid-19 vaccine is coming soon. But much of the world, outside of rich nations like the US, is counting on another company’s shot to escape the crisis. Findings from the final stage of AstraZeneca Plc’s vaccine studies are due to be released shortly, and the stakes ...

DUBAI / WAM The UAE chaired the 21st virtual meeting of the Gulf Cooperation Council committee tasked with following the implementation of the joint action resolutions, issued by the GCC Supreme Council. In his opening remarks, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, said, “The rapid changes that the world is experiencing in various sectors have imposed challenges ...

Bloomberg The UK agreed with Canada to maintain the trading conditions it has through its European Union membership and to begin talks on a broader deal that would pave the way for even closer links with Britain’s 12th-biggest trading partner. The two countries will begin negotiations next year to expand their commercial agreements to cover digital trade, the environment and ...

DUBAI / WAM Dubai International Financial Centre (DIFC) has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks, to create a framework for both organisations to forge cooperation across financial services activities. Under the agreement, Bank Hapoalim will become part of DIFC’s global network of banks, financial centres, regulators and companies that are disrupting the financial and ...

Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCAE) issued four resolutions banning the import of birds and their byproducts from areas that recorded an outbreak of highly pathogenic avian influenza during November 2020 as per notifications from the World Organisation for Animal Health, OIE. The resolutions ban the import from the Netherlands, Germany, and select areas ...

Bloomberg Oil rose to the highest in nearly three months with positive Covid-19 vaccine developments paving the way for a more sustained recovery in oil demand. Futures rose 5% in New York this week for a third straight weekly gain as Pfizer Inc and BioNTech SE requested emergency authorisation of their Covid vaccine. Moderna Inc also released positive interim results ...

ABU DHABI / WAM Aldar Properties PJSC (‘Aldar’) on Saturday announced that Noya, its latest residential community in the heart of Yas Island, was sold out in four hours on the first day of the public launch, generating over AED 1 billion in sales, taking the year to date sales to over AED 3 billion. The launch of the 510-unit ...

DUBAI / WAM Dubai Electricity and Water Authority, DEWA, has added a new accolade to its record of global achievements by winning the “Innovative Power Technology of the Year 2020” award at the 16th Asian Power Awards, considered one of the most prestigious electricity awards in Asia. This is in recognition of its Thermodynamic Digital Twin Gas Turbine Intelligent Controller ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) is preparing for the virtual conference for the food, beverage, and hospitality sector, the F&B Networking Hub by Sial Middle East — E-summit and Meetings. The virtual event will be held as part of the Sial ME brand in collaboration with Comexposium. It will run in conjunction with the Abu ...