Uncategorized

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) on Tuesday announced it has signed a memorandum of understanding (MoU) with the Tawazun Economic Council, the UAE defense and security industry and engineering and R&D programmes enabler. The MoU confirms Tawazun’s participation in the National In-Country Value (ICV) Programme, joining a number of other leading national ...

  Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (Fanr) convened and approved the operational plan of Fanr for the year 2022. The plan outlines a number of strategic projects to further strengthen Fanr’s regulatory oversight to regulate the nuclear and radiation sectors in the UAE to ensure the safety of public, ...

  ABU DHABI / WAM Imkan Properties announced the official opening of a premium urban park in the capital Abu Dhabi. Nestled within Khalidiya District along Al Bateen Street, Sheikha Fatima Park is just minutes away from the famous Corniche in the heart of Abu Dhabi. Historically known as ‘Khalidiyah Ladies Park’, the 46,000 square metre plot has been redeveloped ...

  Dubai / WAM Emirates Post Group (EPG) launched the “Postcards to Space” initiative in partnership with “Club for the Future”, a private foundation established by Blue Origin, “UAE Space Agency”, “Mohammed bin Rashid Space Centre” (MBRSC), and “AzurX”. The initiative, which is in line with EPG’s celebrations of the UAE’s Golden Jubilee, was unveiled to increase the interest of ...

  Bloomberg Swedish battery startup Northvolt AB and energy firm Galp Energia SGPS SA plan to develop a lithium-conversion plant in Portugal to supply the region’s growing electric-vehicle industry. The companies said they’ll set up a joint venture with the goal to build a facility with an annual production capacity of 35,000 metric tons of lithium hydroxide — enough to ...

  Bloomberg Secretary of State Antony Blinken criticised China’s “aggressive actions” in Asia while laying out plans to more closely integrate US allies and security partners in Asia. During a key policy speech in Jakarta, Blinken underscored US efforts to deliver high-quality infrastructure and vaccines to the region while working closer on security issues. He said the Biden administration doesn’t ...

    Bloomberg Europe’s technology sector is set to bring in more than $100 billion of annual investment for the first time this year, capping off a period of deal-making and surging valuations. With nearly three times as much capital projected to be raised this year compared with 2020, the total number of tech companies in Europe valued at more ...

  Bloomberg Canadians are unconvinced that policy makers will be able to rein inflation back to pre-pandemic levels, a worrying development that could reinforce the need for the Bank of Canada to be vigilant about price pressures. A large majority of Canadians, or 63.5%, say they lack confidence that inflation will return to more normal levels, according to a survey ...

  Bloomberg French economic activity will continue to rise in December, despite another wave of the Covid-19 pandemic and fresh uncertainty over the omicron variant, according the Bank of France. Completed at the end of last week, the central bank’s monthly survey of 8,500 firms is the first indicator of how businesses in the euro area’s second-largest economy are faring ...

  Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in ...