News

New York / WAM The UAE has called for greater attention from the international community on the link between climate change and insecurity at the UN Security Council Open Debate on the impact of climate-related disasters on international security. Speaking before the Council, Ambassador Lana Zaki Nusseibeh, UAE’s Permanent Representative to the United Nations in New York, underscored that while ...

Dubai / WAM Canada confirmed its participation in Expo 2020 Dubai on Saturday, with the aim to explore trade opportunities and access new markets during the next World Expo platform. The G7 nation’s participation was sealed during two separate high-level meetings between Jim Carr, Canada’s Minister of International Trade Diversification, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and ...

HODEIDAH / WAM Integrated solar power energy systems have been installed in the villages of Ghalifqa and Taif in Hodeidah, Yemen. The systems, installed by the Emirates Red Crescent (ERC), will provide electricity to 230 homes within the Yemeni villages. According Mohammed Al Junaibi, ERC Director of Humanitarian Affairs in Yemen, the solar power energy systems contain two panels and ...

ABYAN / WAM The Emirates Red Crescent (ERC), responded to an emergency call by civilians in Hammat Sarar in Yemen’s Abyan Governorate. The emergency aid convoy consisted of 250 food parcels to some 200 families in Hammat Sarar, situated via rugged mountain roads four kilometres away from Abyan. Accompanying the UAE aid convoy, Saleh Qasim, Director-General of the Sarar Directorate, ...

Bloomberg Alberta is working to encourage construction of a C$2 billion ($1.5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products. The facility, designed by Calgary-based Value Creation Inc, would be located near Edmonton and process 77,500 barrels of diluted bitumen a day into products like medium synthetic crude and ultra-low sulfur diesel. The ...

Bloomberg Pipeline giant Kinder Morgan Inc is weighing a sale of the largest transporter of carbon dioxide in North America, which could fetch more than $5 billion, according to people familiar with the matter. Its shares rose on the news. The Houston-based company is working with advisers to seek buyers for its CO2 business, said the people, who asked to ...

Bloomberg China will join a group including the US and the European Union in negotiating new rules to cover the $25 trillion e-commerce market. The EU and 47 other members of the World Trade Organization (WTO) launched the discussions, according to a statement. If successful, a digital trade accord hashed out through the Geneva-based trade body would establish a baseline ...

Bloomberg Key iPhone assembler Hon Hai Precision Industry Co, also known as Foxconn Technology Group, is increasing its presence in Vietnam and India amid the growing trade spat between the US and China. In a series of filings, the company said it had injected up to $213.5 million into an Indian unit between September and January for “long-term investment,” and ...

Bloomberg China’s foreign minister urged countries not to use “fabricated” excuses to block Huawei Technologies Co, as Vodafone Group Plc joined a list of companies that are shunning the telecommunications equipment supplier. “Using national power to tarnish and take measures against a certain company, without any evidence, is both unfair and immoral,” Foreign Minister Wang Yi told reporters as he ...

Bloomberg Beleaguered Infrastructure Leasing and Financial Services may appoint an auditor to look into the financial statements of the company and its subsidiaries dating back five years, the Economic Times reported, citing people with direct knowledge of the matter. The newly appointed company would also scrutinise the role of IL&FS’ previous auditors, EY, Deloitte, and KPMG. The report would have ...