Uncategorized

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced that its employee-led continuous improvement programmemes have delivered almost AED60 million in cost savings since the start of the year. Since January, EGA employees also submitted 18,400 ideas through the company’s suggestion scheme to solve operational, safety and environmental challenges, with cost savings of over AED28 million. EGA’s ‘Tamayaz’ ...

Bloomberg Iberdrola SA agreed to buy PNM Resources Inc for $4.3 billion, pushing deeper into the US power market as the Spanish utility strengthens its position as a global giant in an industry that’s being transformed. The deal — at $50.30 per PNM share and a 10% premium — valued PNM at $8.3 billion including debt. It’s Iberdrola’s eighth acquisition ...

Bloomberg White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours. “The last 24 hours have moved the ball down the field,” Meadows said on Fox Business Wednesday, after the latest round of talks between Pelosi and Treasury Secretary Steven ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed to build a mosque named after Indonesian President Joko Widodo, in Diplomatic Area in Abu Dhabi. His Highness Sheikh Mohamed also gave directions to rename Al Ma’arid Street, one of the capital’s ...

Abu Dhabi / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has affirmed during her meeting with the Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), Philippe Lazzarini, that the UAE was one of the first countries to provide support to UNRWA. Moreover, the minister underscored that ...

DUBAI / WAM Emirates airline and Airlink announced an interline agreement, widening Emirates’ reach into Southern Africa as countries begin opening their borders for travellers. Emirates’ agreement with Airlink will provide its customers enhanced connectivity via its gateways Johannesburg and Cape Town to more than 25 domestic destinations in South Africa and more than 20 regional destinations in Southern Africa. ...

DUBAI / WAM Emirates Post, in collaboration with Mohammed Bin Rashid Space Centre and the UAE Space Agency, issued on Tuesday the distinctive commemorative stamp ‘Emirates Mars Mission – Hope Probe’ to celebrate the UAE’s historic first mission to the Mars and its broader space ambitions. The commemorative stamps feature four different images, two of which illustrates the design of ...

Sharjah / WAM Sharjah Islamic Bank launched the “Joud” prepaid card in cooperation with the Sharjah Charity International, which enjoys a list of qualitative benefits and added value aimed at digitizing the process of transferring funds and monthly financial aid from the association to about 1,300 needy families. The cards are aimed at making it easier for those in need ...

Bloomberg Student groups across Indonesia resumed protests against a landmark labour law passed earlier this month that opponents say will erode workers’ rights and dismantle environmental protections. The renewed protests come after police detained thousands of people last week as demonstrators in Jakarta clashed with officers, hurling rocks and bottles and setting alight bus shelters. Labour unions plan to challenge ...

Bloomberg The European Union’s (EU) first offering of social bonds was said to receive orders of more than 233 billion euros ($275 billion), a record in the euro area. The bloc looks set to raise 10 billion euros from the sale of 10-year debt via banks, according to a person familiar with the matter. That alone drew orders above 145 ...