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Bloomberg China is strengthening efforts to clean up one of the dirtiest corners of its economy, and now plans for its mammoth steel industry to reach peak emissions within four years. The nation aims to hit peak carbon emissions before 2025, and reduce them by 30% by 2030, according to a WeChat post by the China Metallurgical Industry Planning and ...

Bloomberg China finalised a sweeping plan to ensure leaders in Beijing control the outcome of Hong Kong’s elections, a move that could deepen already-fraught relations with Western nations. President Xi Jinping on Tuesday signed orders to amend Hong Kong’s Basic Law, the official Xinhua News Agency reported, after revisions were passed by the National People’s Congress Standing Committee. The move ...

ABU DHABi / WAM The Abu Dhabi National Oil Company (Adnoc) and Intercontinental Exchange (ICE) on Monday, officially celebrated the start of trading of the United Arab Emirate (UAE) flagship crude oil, Murban, as a Futures contract on the new ICE Futures Abu Dhabi (IFAD) commodities exchange. During a high-profile launch event at Abu Dhabi Global Market (ADGM), attended by ...

Dubai / WAM Emirates NBD has reported that contactless payments now make up 84 percent of all face-to-face card payment transactions, as consumers and merchants have increasingly preferred to use touch-free technologies to stay safe. The bank, a front-runner in digital banking, saw contactless payment transactions which include contactless card and mobile wallet-based payments rise by 59 percent year-on-year in ...

SHARJAH / WAM The 18th edition of the Sharjah Heritage Days (SHD) continues in the city of Khor Fakkan “Heritage Area”, as it witnessed a remarkable turnout of attendees on its second day. In a joyful heritage atmosphere that brought together citizens, residents and heritage lovers in the area of Khor Fakkan, the second day of the 18th edition of ...

ABU DHABI / WAM Led by Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, and President of Zayed University (ZU), members of the Zayed University Council held their second meeting of 2021 to review several topics on the Council’s agenda. Initiating the meeting, Noura Al Kaabi greeted and praised all Council members for their sincere engagement towards enhancing ...

Bloomberg AGL Energy Ltd, Australia’s largest electricity retailer, will launch a joint venture with Ovo Energy Ltd. to use the UK utility’s technology platform Kaluza. As part of the agreement, AGL will invest in Ovo Energy Australia to adapt the Kaluza platform for its domestic market. The aim is to digitalize AGL’s services and offer customers smart products as households ...

Bloomberg As the death toll among Myanmar’s protesters rose dramatically last weekend, military air strikes against one of the country’s largest rebel groups stoked fears of another problem: Full-fledged civil war. The Karen National Union, which controls an area in the southeast along the Thai border, confirmed on Monday that about 10,000 residents fled to a safe zone last weekend ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) Board of Directors approved the allocation of AED735 million ($200 million) for Abu Dhabi Exports Office (Adex) to accommodate export financing that will help spur the growth of exports of UAE national companies. The 2021 budget allocation increased by 33.3 percent, with AED184 million ($50 million) over the 2020 ...

ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry, received Moez Benmim, Ambassador of Tunisia to the UAE, to discuss with him means of bolstering joint trade cooperation to serve the business environment of both countries. During the meeting held at the chamber’s tower in Abu Dhabi, both sides ...