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  Dubai / WAM Dubai Electricity and Water Authority (Dewa) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of Dewa, praised the team’s efforts, which ...

  Abu Dhabi / WAM Chimera Capital LLC, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment LLC, announced that Q Market Makers (QMM) has become a market maker for its four Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX). QMM, part of ADQ, was launched in 2020, and has, over the past 18 months, ...

  DUBAI / WAM A report published by the World Government Summit Organisation (WGS), in partnership with the consultancy firm PricewaterhouseCoopers (PwC), has warned that the acceleration, complexity, and scale of climate change events will have a devastating impact on global development, stability, and prosperity. The document calls for building climate-resilient pathways to achieve equitable development, while meeting current and ...

  Bloomberg India’s JSW Group, which runs emissions-heavy businesses including steel, cement and energy, plans to switch a majority of its bonds to green instruments as the industrial giant seeks access to longer-term borrowings. Raising debt overseas through green and sustainability-linked bond issues will allow the group led by tycoon Sajjan Jindal to almost double its tenure to 10 years, ...

  Dubai / WAM Dubai Chambers has rebranded and unveiled its new corporate identity reflecting the organisation’s restructuring, which was earlier announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Under the new structure, three chambers of commerce operate under Dubai Chambers, namely Dubai Chamber of Commerce, ...

  DUBAI / WAM The Maritime Administration at the Ministry of Energy and Infrastructure has signed a memorandum of understanding (MoU) with the Croatian Register of Shipping (CRS), where the ministry will recognise CRS to issue maritime statutory certificates and carry out all necessary survey works to ensure the eligibility of ships to sail safely. As a result of this ...

  Abu Dhabi / WAM The fourth edition of Abu Dhabi International Boat Show (Adibs) will be held from November 24-27. The event is held under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of Abu Dhabi Sports Council. ...

Bloomberg The Chinese Communist Party’s flagship newspaper called on the nation to support President Xi Jinping’s Covid Zero strategy, showing any shift in policy is unlikely even as lockdowns in Shanghai and elsewhere threaten to hurt the economy. In a front-page commentary, the People’s Daily said Xi’s strategy to snuff out the virus has proven “correct and effective” and China ...

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has endorsed a five-year sustainability plan for 2021-2025 as part of its strategic goals and objectives aimed at supporting sustainability. Such projects are based on the environmental, societal and economic drivers of sustainability. The step is taken as part of RTA’s efforts to improve maturity levels of sustainability and become ...