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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Ibrahim Boubacar Keita, President of Mali, witnessed the signing ceremony between the Khalifa Fund for Enterprise Development and the Malian Government represented by the Ministry of Economy and Finance, on Saturday in Abu ...

ABU DHABI / WAM The UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) on Saturday announced at Abu Dhabi Sustainability Week 2019 the launch of the third cycle of the $50 million UAE-Caribbean Renewable Energy Fund (CREF), with funding allocated to projects delivered in Jamaica, Cuba, Suriname, Trinidad & Tobago. Fully financed by Abu Dhabi Fund for Development (ADFD), ...

DUBAI / WAM Emirates announced adjustments to its operational schedules in 2019 to minimise the impact of the closure of Dubai International Airport’s Southern Runway between April 16 and May 30, and to respond to global travel demand trends. Sir Tim Clark, President Emirates Airline, said, “The changes we are implementing to our network schedules in 2019 are in line ...

Aden / WAM The Emirates Red Crescent (ERC) teams have started rehabilitation of seven schools in Yemen as part of the UAE developmental and aid programmes during the Year of Tolerance. In continuation of the Year of Zayed initiatives, the new projects include revamping seven schools: Al Wahda, in Al Seimen; Tarek bin Zayed, in Al Shujeirah; Al Fajr, in ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, on Saturday signed a $10 million concessionary loan agreement with the Government of Mauritius to fund a solar photovoltaic (PV) kits project. As announced at the eighth session of the Irena Assembly in January 2018, the project that aims to provide ...

Bloomberg Britain’s plan for a nuclear revival was thrown into disarray after the second Japanese company in as many months seemed to pull the plug on a new plant. The UK government has put atomic energy at the heart of its effort to attract 100 billion pounds ($130 billion) of investment to upgrade its aging reactors it needs to keep ...

Bloomberg India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax. The nation’s consumption of petroleum products rose 4.1 percent to about 210 million tonnes, the Oil Ministry’s Petroleum Planning and Analysis Cell said. Growth improved ...

Bloomberg Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. Chief Executive Officer Salil Parekh expects a revival in the company’s financial services business, and its ability ...

Bloomberg Dalian Wanda Group Co.’s sales declined for a third year as Chinese billionaire Wang Jianlin’s conglomerate continues to divest assets under government scrutiny. Revenue fell 5.7 percent to 214.3 billion yuan ($31.7 billion) in 2018, the once-acquisitive group said in an emailed statement. The statement didn’t say if the company was profitable or loss-making last year. Total assets dropped ...

Bloomberg One of Nissan Motor Co’s most senior executives and a close confidant to its jailed chairman, Carlos Ghosn, has resigned from the company one week after taking a leave of absence. Jose Munoz, Nissan’s chief performance officer, resigned effective immediately, according to a post on his LinkedIn page and a company spokesman. Munoz, 53, had reported directly to Chief ...