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UAE condemns storming of Jenin camp by Israeli forces

Abu Dhabi / WAM The UAE has condemned Israeli forces’ storming of the Palestinian camp of Jenin, which resulted in numerous deaths and injuries. In a statement, the ministry of Foreign Affairs and International Cooperation (MoFAIC) called upon Israeli authorities to assume responsibility for reducing escalation and instability in the region. Moreover, the ministry stressed the need to support all ...

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Kezad to showcase infra for life sciences sector at Arab Health

  Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, will showcase the competitive advantage the Emirate offers to researchers, manufacturers and distributors looking at Arab Health 2023. As the premier economic zone for life sciences in the Middle East and North Africa, Kezad already hosts many ...

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‘Extreme Weekends’ begins at Sheikh Zayed Festival

  Abu Dhabi / WAM “Extreme Weekends” has started at the Sheikh Zayed Festival in Al Wathba area. Attended by an intense crowd, the annual event is set to become another hit for visitors this year. The first day of the show welcomed motor cross and car drifting sports fans with impressive stunts and routines performed by international motorcyclists and ...

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Wizz Air Abu Dhabi carried 1.2mn passengers in 2022

  Abu Dhabi / WAM Wizz Air Abu Dhabi on Friday announced its operational results for 2022, operating more than 6,000 flights and transporting more than 1.2 million travellers. The national airline carried over 600,000 point-to-point passengers to the UAE in 2022, supporting the sustainable growth of Abu Dhabi’s culture and tourism sectors. Wizz Air Abu Dhabi is looking forward ...

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Clean energy sets $1.1trn record in 2022 that’s bound to be broken

Bloomberg Last year was a double milestone for decarbonising the world’s energy system. It was the first year when investment in the energy transition equalled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments of oil and gas, and into fossil fuel-fired ...

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Intel tumbles after forecast suggests comeback is far off

  Bloomberg Intel Corp. gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts. The company predicted a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars. At the low end of Intel’s projections, ...

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Spain economy grows more than expected in boost for Sanchez

Bloomberg Spain grew more than anticipated in the final quarter of last year, indicating the euro zone’s fourth-largest economy is on track to avoid a recession even as high inflation squeezes household spending. Output rose 0.2%, according to data from the INE statistics agency published on Friday. That matches the pace in the previous quarter and exceeds the 0.1% median ...

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Hunt dismisses UK tax cuts and pushes against green subsidies

Bloomberg Chancellor of the Exchequer Jeremy Hunt dismissed calls for tax cuts and pushed back against green energy subsidies, warning that “sound money must come first” as he argued that Brexit will drive UK economic growth. In an interview with Bloomberg TV, Hunt said: “At the moment, we don’t have the headroom for major cuts. Businesses want that, who wouldn’t? ...

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Britishvolt’s founder says UK battery sector is ‘doomed’

  Bloomberg The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this month. The company could have been saved had the government given it only a ...

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Russia’s Putin planning new Ukraine push despite losses

  Bloomberg Nearly a year into an invasion that was supposed to take weeks, Vladimir Putin is preparing a new offensive in Ukraine, at the same time steeling his country for a conflict with the US and its allies that he expects to last for years. The Kremlin aims to demonstrate that its forces can regain the initiative after months ...

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