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Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an ...

  Bloomberg The cost-of-living crisis is driving demand for Britain’s student halls, as undergraduates hunt for tenancy agreements that lock in the price of their bills. Some £6.9 billion was invested in purpose-built student accommodation in 2022, a 62% year-on-year rise, according to broker Knight Frank. What’s more, £3.8 billion was spent in the final quarter, boosted by the £3.3 ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a responsible provider of reliable, lower-carbon intensity energy, announced on Tuesday that it has signed a memorandum of understanding (MoU) with Thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp group that specialises in chemical engineering, to explore a long-term partnership to create new markets for hydrogen and promote global clean energy ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to President Bidhya Devi Bhandari of Nepal over the victims of the plane crash. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent a similar message to ...

Abu Dhabi / WAM The UAE and Japan signed several agreements and memoranda of understanding (MoU) to help accelerate the energy transition and the adoption of technology in industry. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy to Japan, met with Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, on the ...

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Ministry of Energy and Infrastructure (MoEI) and Schneider Electric on Tuesday announced the findings of a nationwide assessment of industrial companies that is designed to help enhance energy efficiency in the industrial sector ahead of the 28th UN Climate Change Conference (COP28) later this ...

  Abu Dhabi / WAM Masdar, one of the world’s leading clean energy companies, signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (Socar), for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts (GW). The agreements were signed by Mohamed Jameel Al ...

  Dubai / WAM Dubai Multi Commodities Centre (DMCC) and Ellington Properties have partnered to launch a new AED1.2 billion residential development “Upper House” in Jumeirah Lake Towers (JLT). The project, Ellington Properties’ first residential development in JLT, is due for completion by the beginning of 2026. Brewer Smith Brewer Group (BSBG) has designed the project. Upper House by Ellington ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, have discussed the cooperation between their countries and ways of developing them in various fields to serve their mutual interests. They also reviewed a number of issues of mutual concern. At the beginning of the meeting, which took ...

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), signed an agreement with the Korea Trade Insurance Corporation (K-Sure), on the sidelines of the UAE-Korean Business Forum, organised by the Abu Dhabi Chamber of Commerce and Industry. Yoon Suk-yeol, President of South Korea, was present at the event. The agreement aims to promote Emirati exports, drive investment, and explore ...