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Ajman Chamber sees 35% rise in new membership during 2021

  Ajman / WAM Muhammad Ali Al Janahi, Acting Director-General of the Ajman Chamber of Commerce and Industry (ACCI), has confirmed that the Ajman Chamber has increased its new members from establishments during 2021, which reflects the chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in various sectors, strengthening global relations to attract new investors, and intensifying ...

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Dewa launches campaign for conscious, sustainable lifestyle with less waste

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched its annual Ramadan awareness campaign to raise awareness about conservation and having a sustainable and responsible lifestyle. This supports Islamic values that encourage moderation and reducing waste. During the campaign, Dewa has organised a series of virtual and physical awareness lectures to encourage the community to contribute to ...

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Sheikh Zayed Grand Mosque receives over 1.26m visitors

  ABU DHABI / WAM The Sheikh Zayed Grand Mosque has been a leading destination for visitors of the major international events hosted by the UAE over the past six months, most notably Expo 2020 Dubai, the FIFA Club World Cup, the 5th Umex and SinTex, the International Defence Industry Technology and Security Conference, Global Goals Week, which was held ...

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Draghi says EU can cut Russian energy dependence sooner

Bloomberg Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. “Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago,” the Italian prime minister said after reaching an agreement to increase gas imports from Algeria. “We have gas in storage and will have ...

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Tesla plans to partly resume production in Shanghai plant

Bloomberg Tesla Inc is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said. The electric vehicle pioneer told some employees to enter a so-called “closed-loop” production system on April ...

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DiDi plans meeting to vote on US delisting in May

  Bloomberg DiDi Global Inc will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad. The company said in statement it won’t apply to sell shares on any other stock ...

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Tata’s renewable unit raises $525m from overseas funds

  Bloomberg A group of investors led by BlackRock Real Assets and Mubadala Investment Co infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co, the Mumbai-based company said. The investor group will get about 10.53% stake in Tata Power Renewable Energy Ltd for the funds injected through equity and compulsorily convertible instruments, Tata Power ...

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Frozen crypto payments in India hurt trade

  Bloomberg When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the audience that crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. ...

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Abramovich visits Kyiv, seeks to revive Ukraine-Russia talks

Bloomberg Billionaire Roman Abramovich has travelled to Kyiv in a bid to restart peace talks between Russia and Ukraine, which stalled after evidence emerged of Russian atrocities against civilians. Abramovich met with Ukrainian negotiators to discuss ways of reviving the negotiations, according to people with knowledge of the matter. The Russian billionaire, who has longtime ties to President Vladimir Putin, ...

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Sheikh Mohamed, Bahrain King discuss consolidating relations

SAKHIR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with His Majesty King Hamad bin Isa Al Khalifa of Bahrain, the prospects of further consolidating the fraternal relations between the two nations across all fields. During the meeting, which took place at the ...

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