News

  Abu Dhabi / WAM Adnoc maintained in 2023 its position as the UAE’s most valuable brand for the fifth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s brand value increased by 11% year-on-year to reach $14.2 billion in 2023, an Adnoc statement said on Wednesday. Adnoc Brand Strength Index ...

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) announced on Wednesday the signing of a shareholder agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the Ta’ziz Industrial Chemicals Zone. The move is a further step in ...

  Abu Dhabi / WAM Abu Dhabi Distribution Company (ADDC) has signed a memorandum of understanding in collaboration with the General Authority of Islamic Affairs & Endowments (Awqaf) to invest approximately AED20 million in a project that will optimise air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. ...

Dubai / WAM Emirates has announced that it will reintroduce its flagship A380 to Casablanca as part of the airline’s ramp up of operations to Morocco. Starting from April 15, the airline will replace the Boeing 777-300ER aircraft currently used between Dubai and Casablanca with its flagship A380 to meet growing demand on the route. The A380 service, operating as ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced it has signed a contract with Distant Imagery, a UAE-based environmental technology company, to plant 2.5 million mangrove seedlings across Abu Dhabi using innovative drone planting technology adopted by the Environment Agency – Abu Dhabi (EAD). The new contract signed at the Abu Dhabi Sustainability Week (ADSW) ...

  Sharjah / WAM The Sharjah Academy for Astronomy, Space Sciences and Technology (Saasst) of the University of Sharjah (UoS), successfully received the first communication signal from its first CubeSat, “Sharjah-Sat-1,” on January 17 at 10:02, once it reached its orbit around Earth. Sharjah-Sat-1 is the first miniaturised satellite, launched by Saasst on January 3, as part of a series ...

  Bloomberg The writing was on the wall when Britain finalized its break from the European Union: The UK sorely lacked the battery manufacturing capability that would be absolutely critical to the auto industry’s future, leaving the country’s already declining car sector in a make-or-break bind. The failure of Britishvolt Ltd. to get past the stage of developing prototypes for ...

  Bloomberg Public borrowings in the US and elsewhere have swelled because of overspending partly fueled by fractured politics, said former International Monetary Fund Chief Economist Raghuram Rajan. “The size of the debt has gone up tremendously,” he told a panel at the World Economic Forum in Davos. “Part of the problem that’s going on is clearly there is a ...

  Bloomberg EY Chief Executive Officer Carmine Di Sibio said “it’s business as usual” when it comes to hiring, with a tight jobs market even as several big firms begin to cut staff. “We’re not struggling to source talent, but it’s not like we’re seeing a rash of talent that’s all of a sudden available,” Di Sibio said in an ...

  Bloomberg The European Union will need to ask member states to make fresh contributions to the bloc’s budget to fund a growing list of priorities, including support for its industries and addressing fallout from the war in Ukraine, the EU executive arm’s top economy official said. “We need in a sense to replenish the EU budget, because many of ...