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  Abu Dhabi / WAM Kizad, part of AD Ports group’s Economic Cities and Free Zones, on Tuesday announced the signing of a lease agreement with NWTN to establish an electric vehicle (EV) assembly facility in Abu Dhabi to serve the growing demand for sustainable transport options. Founded in 2016, green mobility technology company NWTN has its headquarters in the ...

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in a phone call with Annalena Baerbock, German Minister for Foreign Affairs, discussed the strategic relations between the two countries and joint cooperation in all fields. The two sides also reviewed several issues of common interest, including economic integration and ...

  Abu Dhabi / WAM The Authority of Social Contribution – Ma’an and the Emirates Red Crescent (ERC) signed a strategic partnership agreement to support social sector programmes and initiatives, allowing both entities to engage in an integrated partnership to deliver a positive and sustainable impact on the society. Demonstrating their shared commitment to supporting social sector programmes, the partnership ...

Bloomberg International monitors demanded the immediate establishment of a security zone around a Russian-occupied nuclear plant in southern Ukraine in order to reduce the potential for an atomic accident. The International Atomic Energy Agency called for a halt to shelling and the need for “the urgent establishment” of a nuclear safety and security zone around the Zaporizhzhia Nuclear Power Plant, ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the award of an AED2.01 billion ($548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per ...

  Dubai / WAM Salik Company, Dubai’s exclusive toll gate operator, on Monday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, Salik stated that one billion five hundred million (1,500,000,000) shares each with a nominal value of AED0.01 ...

  DUBAI / WAM The 1 Billion Meals initiative has announced that it distributed 3.6 million meals in refugee camps in Jordan. The meals, in the form of instantly redeemable smart vouchers, were distributed directly to beneficiaries in collaboration with the United Nations’ World Food Programmeme (WFP). The contributions from the 1 Billion Meals initiative, organised by Mohammed bin Rashid ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) on Monday announced its partnership with Silver Birch Finance Limited to offer inventory solutions to their local and international clients. Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm that supports financial institutions by enabling them to offer corporate clients non-debt solutions to ...

  Bloomberg Europe’s energy crisis is getting worse, piling pressure on the commodities industries that provide building blocks for the continent’s economy. Power- and gas-intensive sectors such as steel, fertilisers and aluminum — the most widely used base metal — are being forced to close factories or pass on soaring costs to customers. Even sugar makers are feeling the pinch. ...

Bloomberg Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. The foreign secretary, 47, emerged victorious on Monday after a two-month Conservative Party leadership contest that started with 11 candidates and concluded with ...