WASHINGTON, DC / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Antony Blinken, US Secretary of State, in Washington. They discussed ways to further broaden and deepen the strong US-UAE partnership, and cooperation in the fields of security, climate, trade exchange and investment. During the talks, the two sides highlighted ...
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Emirates Relief Field hospital continues to provide medical care for Turkish quake victims
GAZIANTEP, Türkiye / WAM The Emirates Relief Field hospital continues to receive the injured and those affected by the recent earthquake in Türkiye. At the İslahiye district of Gaziantep, residents flock to the hospital that has a reception desk and various specialised departments for emergency, surgical operations, intensive care, dental care, CT, x-ray; and an outpatient clinic, laboratory and pharmacy. ...
Read More »Ford invests $3.5 billion in EV battery plant with Chinese firm
Bloomberg Ford Motor Co is investing $3.5 billion in an electric-vehicle (EV) battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. The factory near Marshall, Michigan, will employ 2,500 workers, Ford said, confirming a Bloomberg report. The facility is set to open in 2026 and will ...
Read More »Singapore’s Aspire snags $100m even as VC market slows
Bloomberg Aspire Pte, a fintech startup serving businesses, raised $100 million in a round that more than doubled its valuation, defying a market downturn for young tech firms. The Singapore-based company said in a statement it struck a deal for financing led by Lightspeed and Sequoia Capital Southeast Asia. Paypal Ventures, Tencent Holdings Ltd, LGT Capital Partners and previous ...
Read More »Global warming is making India prone to extreme weather events
Bloomberg India is likely to witness more extreme weather events, including intense heat waves, heavy flooding and severe drought that pose challenges to food and energy security for the second-most populous nation. “The extremes are increasing — hot is becoming hotter and cold is becoming colder,†said M Ravichandran, the top bureaucrat at the country’s earth sciences ministry. This trend ...
Read More »Dabur mulls acquisitions to expand across India, SE Asia
Bloomberg Dabur India Ltd, a major consumer goods maker controlled by the billionaire Burman family, is scouting for acquisitions at home and in Southeast Asia as it works to establish its presence in a new overseas market amid heated domestic competition. On the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd in October, the ...
Read More »US says 3 mystery objects likely private, with no China link
Bloomberg The Biden administration suspects that three unidentified objects downed served commercial purposes and weren’t used for spying, a judgment that may help ease anxiety over a Chinese balloon that traversed the US before being shot down. The intelligence community believes the objects — unlike the giant airship shot down on February 4 — “could just be balloons tied ...
Read More »Nicola Sturgeon resigns as Scotland’s first minister
Bloomberg Scottish First Minister Nicola Sturgeon resigned after more than eight years as head of the country’s government and independence movement in a surprise move that will reverberate across UK politics. Sturgeon, 52, has headed the semi-autonomous administration in Edinburgh since 2014. The decision to step down comes after an unusually turbulent time for Sturgeon. It leaves her Scottish National ...
Read More »Abu Dhabi’s Taqa net profit reaches AED8bn in 2022
Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported positive financial results for the year ended on December 31, 2022. Taqa delivered a very strong performance during the year, which was underpinned by the execution of it its growth strategy, its contracted utilities business and an uplift in commodities prices. Group revenues were to the tune of ...
Read More »Masdar, IFC to advance climate action in emerging markets
Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has signed an agreement with the International Finance Corporation (IFC), the largest global development institution focussed on the private sector in developing countries, to explore collaboration in supporting climate action for emerging markets. The collaboration framework was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer, ...
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