News

  Bloomberg European natural gas prices rose on the prospect of a late-winter cold snap, after falling last week to the lowest level in almost 18 months. Benchmark futures advanced as much as 5.4% after dropping below €50 on Friday. Temperatures in cities including London and Madrid could fall from unseasonably high levels by the end of the week, with ...

  Bloomberg US government incentives to promote investments into nascent technologies such as green hydrogen will have a “healthy” impact, even as they risk distorting the trade in electric cars between Europe and the US, Bill Gates said. Speaking in a podcast interview with the head of Norway’s $1.3 trillion sovereign wealth fund, Nicolai Tangen, Gates extolled government policies for ...

  Bloomberg Denmark’s industrial workers reached a new pay deal with employers to offset falling purchasing power in the first of a string of wage agreements expected in the coming months. The deal, which covers 230,000 workers, is expected to set the tone for talks in other industries under the Danish model where employers and unions agree on work conditions ...

  Bloomberg The biggest challenge to Japanese fashion giant Uniqlo’s plan to take on the US? Getting more Americans to know who they are. The apparel maker, known for its affordable cashmere sweaters and solid basics, wants to go big in one of the world’s toughest consumer markets. Although Uniqlo is a fixture in shopping streets of New York and ...

  Bloomberg Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage. A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The ...

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the International Defence Conference (IDC 2023), got underway on Sunday at Adnoc Business Centre one day ahead of the International Defence Exhibition and Conference (Idex), and the Naval Defence & Maritime Security Exhibition (Navdex). The one-day International Defence Conference is organised by ...

  Abu Dhabi / WAM G42, the leading UAE-based artificial intelligence and cloud computing technology holding company, and its subsidiaries Bayanat, Presight.AI and G42 Cloud, have announced their participation as Strategic Partner at the International Defence Conference (IDC), which is organised by Adnec group in cooperation with Tawazun Council and the UAE Ministry of Defence. The event, held on February ...

  Abu Dhabi / WAM By enhancing its integrated ecosystem and strengthening the food supply chain, Khalifa Economic Zones Abu Dhabi (Kezad group) is working to realise the UAE’s vision of becoming the world’s best on the Global Food Security Index by 2051. Kezad is participating in the 28th edition of Gulfood, one of the largest F&B sourcing events in ...

Sharjah / WAM Expo Centre Sharjah (ECS) has discussed with Etisalat Services Holding (ESH) ways to enhance cooperation aimed at developing the exhibitions and conferences Industry, in addition to exchanging views and experiences and developing joint work to enhance ECS’s efforts towards achieving the optimum investment of information and communication technology (ICT) and digital solutions with a view to providing ...

  Sharjah / WAM Sharjah Electricity, Water and Gas Authority (Sewa) has completed the installation of 23,000 new smart meters in 2022 and replaced mechanical meters with smart meters in various regions of Sharjah. The new smart meters are accurate which contribute to providing accurate readings free from errors, as well as rationalising energy consumption, and saving time and effort. ...