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Bloomberg Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, a hugely ambitious plan that poses complex logistical hurdles for Europe’s biggest economy. As Economy and Climate Minister Robert Habeck unveiled the plan, he once again made clear that Germany will not back an immediate embargo on Russian ...

Bloomberg Chinese President Xi Jinping has an opportunity to make history in pushing for a resolution to the war in Ukraine, the United Nations’ most senior official in China said, encouraging Beijing to take a more active part in ending the bloodshed. “I see China as a country which can play an important role in mediating the crisis,” Siddharth Chatterjee, ...

  Abu Dhabi / WAM A number of top officials have said that the UAE Peaceful Nuclear Energy Programme has become an international model for the production of environmentally friendly energy, as it provides a rapid approach to reducing the carbon footprint of the energy sector in the country, as well as enhancing energy security, contributing to the resilience of ...

  DUBAI / WAM The UAE is an essential digital economy partner for Latin America, according to industry leaders speaking at fourth edition of the Global Business Forum Latin America (GBF Latam 2022) in Dubai. A panel session at the forum entitled Empower – Fostering A Digital Economy was joined by Min Chen, co-founder and Chief Executive Officer of Wisy, ...

  DUBAI / WAM Pakistan celebrated its National Day at Expo 2020 Dubai showcasing its young musical talent, alongside a focus on strong bilateral ties, trade and economy. Najeeb Mohammed Al-Ali, Executive Director, Expo 2020 Dubai Commissioner General Office, welcomed Afzaal Mahmood, Ambassador of Pakistan to the UAE and Commissioner General, Pakistan Pavilion. Al-Ali said, “The Pakistan Pavilion ignites meaningful ...

Bloomberg India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s shift to clean energy. “We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,” the renewable energy ministry said ...

Bloomberg Nato agreed to boost its deployments in the eastern portion of the defense alliance, doubling the number of battle groups to eight, as the US said it is working with Nato to prepare for possible biological or nuclear incidents by Russia. The world’s leading developed nations plan to warn President Vladimir Putin against deploying such weapons amid his stalled ...

  Dubai / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

  Dubai / WAM Marcos Troyjo, President of the New Development Bank, said that the UAE is a “prime example of an economic miracle”, while speaking at the fourth edition of the Global Business Forum Latin America (GBF LATAM) 2022, which kicked off on Wednesday in Dubai. In a session titled ‘New Priorities for the Post-Covid World’, Troyjo explored the ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) on Wednesday launched Turkey Technology Fund — ADQ TWF, which will invest in venture capital funds and high-growth potential companies in Turkey. Building on the UAE’s platform to support strategic investments in Turkey, the new fund was launched by Mohamed Hassan Al ...