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Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

Abu Dhabi / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Tuesday announced the completion of its commissioning and testing phase and its readiness for transition to its science orbit. The completion of testing is ahead of schedule and the transition to science manoeuvres will take place earlier than planned. “We have ...

Mohammed Jalal Al Rayssi (Director-General of WAM) ABU DHABI The UAE Peaceful Nuclear Energy Programme is a catalyst for growth in the UAE, providing 25 percent of the country’s needs for clean electricity. This project generates further energy supplies to support the national economy, and its diversification creates thousands of job opportunities and contributes to the Emiratisation of modern technologies. ...

SHARJAH / WAM Sharjah’s investment environment as well as emerging potential in new sectors were topics that dominated the Sharjah–Singapore Investment Webinar discussions organised by the Sharjah FDI Office (Invest in Sharjah). The webinar was operated under the Sharjah Investment and Development Authority (Shurooq), in collaboration with the Singapore Business Council. The virtually held meeting convened investors, business leaders and ...

Abu Dhabi / WAM Masdar’s Youth 4 Sustainability (Y4S) platform has launched the fifth edition of its “Ecothon Innovation Challenge” under the Future Sustainability Leaders (FSL) programme, to develop circular economy solutions to tackle waste. Under the patronage of HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Youth 4 Sustainability (Y4S), a Masdar outreach initiative, invests and actively supports ...

Bloomberg Hong Kong’s top legal official warned residents to steer clear of criticisms of the government that stray too far from the facts, as officials defend Beijing’s plan to overhaul the city’s elections. Hong Kong Justice Secretary Teresa Cheng said in an interview on Tuesday that opinions were “no more than an utterance of no value” if the facts weren’t ...

Dubai / WAM The Sustainable City (TSC), the Middle East’s first fully-operational sustainable community, announced it has introduced a new electronic waste (e-waste) collection and management solutions for the community. The 24-hour e-easte drop-off station — created in collaboration with Efate, a UAE based e-waste management company — will provide a free and efficient e-waste management solution to residents and ...

Dubai / WAM Enoc group announced AED86.9 million in cumulative savings from the implementation of innovative ideas submitted by its employees on the group’s innovation programme. Since its inception in 2012, the group’s innovation programme has received 3,824 suggestions and implemented 332 ideas, which contributed to the group’s significant financial savings. In 2020 alone, Enoc employees submitted 661 suggestions to ...

ABU DHABI / WAM As part of its efforts to combat extremist ideologies via the internet and promote positive alternatives, the Sawab Centre is launching a new campaign under the hashtag #AfricaAgainstExtremism. The messaging campaign will run from March 7-12 in Arabic, English and French on Sawab’s social media platforms Twitter, Facebook, Instagram, and YouTube. The UAE and the United ...

Bloomberg The size of China’s carbon market will expand more than 30-fold over the next decade as it covers more industries and polluting becomes more expensive, according to Citigroup Inc. The market’s physical turnover will rise from about $800 million this year, its first in operation, to around $25 billion by the end of the decade, analysts including Tracy Liao ...