News

  Abu Dhabi / WAM Adnec Group has announced it is now a major contributor to the Net Zero Carbon Events initiative. The industry initiative promises to produce net-zero carbon footprint events by 2050 as it creates and supports a greener future for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry. Hosted by the Joint Meetings Industry Council (JMIC), the ...

Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that ...

Bloomberg Boston-based startup Sublime Systems has raised $40 million to develop a new technology to produce low-carbon cement. The cement industry contributes as much as 8% to global emissions of planet-warming carbon dioxide. Meeting global climate goals under the Paris Agreement would require reducing that to zero within decades. However, cement has proven to be one of the more difficult ...

  Bloomberg Investors’ sentiment for the German economy jumps to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases. The ZEW institute’s gauge of expectations rose to 16.9 in January from -23.3 in the previous month — better than any estimate in a Bloomberg survey of 27 ...

  Bloomberg Adler Group SA said it had commissioned a review of 800,000 documents originally withheld from its forensic audit and found no evidence of related-party deals. The German landlord said the review conducted by a law firm was investigating whether there was anything incriminating in the emails, calender entries and documents that had been withheld from KPMG’s probe, according ...

  Bloomberg The UK has become the third-most important country in the world for chief executives trying to expand their businesses, according to a prominent survey, the first time it has broken into the top three. The 26th annual poll of business leaders conducted by PricewaterhouseCoopers LLP found that the UK was behind only the US and China, and equal ...

  Dubai / WAM Dubai’s annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time in 2022, as the sector witnessed transactions worth a record AED528 billion in 2022, a 76.5 percent increase from 2021. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

  Abu Dhabi / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has launched the DMCC E-Commerce Ecosystem to accelerate the growth of the e-commerce sector across the Mena region, which is currently valued at $32 billion and is expected to reach $50 billion by 2025. DMCC is currently ...

  Abu Dhabi / WAM Hayat Biotech, a joint venture between G42 and Chinese pharmaceutical group Sinopharm CNBG, and the Department of Health – Abu Dhabi (DoH) signed a declaration of collaboration aimed at strengthening the emirate’s efforts in R&D, clinical research, and its manufacturing capabilities. The collaboration comes in line with DoH’s ongoing efforts to elevate Abu Dhabi’s position ...

  Abu Dhabi / WAM Etihad Airways will be introducing two routes this year, connecting Abu Dhabi to Copenhagen in Denmark and Düsseldorf in Germany. Launching on October 1, the flights will provide business travellers and holidaymakers in the UAE and these key European cities with convenient travel options to and from Abu Dhabi, with four weekly flights to Copenhagen ...