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ADQ adds Tadweer to its energy, utilities portfolio

Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Friday announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Tadweer was converted to a public joint-stock company (PJSC), and full share ownership was transferred to ADQ from the government of Abu Dhabi. Tadweer joins ADQ’s prominent energy and utilities ...

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Joint media work between countries fundamental to strategic cooperation

MOSCOW / WAM The Emirates News Agency (WAM) participated in the “Russia – Islamic World: Practical Steps in Media Cooperation” international conference, which was held in the Russian Capital, Moscow. The international conference was co-organised by the Russia-Islamic World Strategic Vision Group, Sputnik International News Agency, and Union of OIC News Agencies (UNA), with broad participation of over 50 representatives ...

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CBUAE issues commemorative coins to mark AUS’ Silver Jubilee

  Abu Dhabi / WAM The central bank of the UAE (CBUAE), in collaboration with American University of Sharjah (AUS), issued 1,000 commemorative silver coins to celebrate AUS’ Silver Jubilee. The issuance of these commemorative coins aims to celebrate twenty-five years since the establishment of AUS in 1997, in fulfilment of the vision of its founder, HH Dr Sheikh Sultan ...

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ALC showcases projects, developments at Jeddah book fair

  Sharjah / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is showcasing some of its major projects, initiatives and publications with its participation at the Jeddah International Book Fair 2022. The fair is organised by Saudi Arabia’s Literature, Publishing, and Translation Commission from 8th to ...

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Germany eyes arrival of first LNG vessel to ease gas crunch

Bloomberg Germany’s first liquefied natural gas terminal is about to arrive on the country’s north coast, the first of several specialist tankers Berlin is counting on to ease its energy crisis. The Hoegh Esperanza, a floating storage and regasification unit, or FSRU, is scheduled to land at Wilhelmshaven on Saturday, according to the German Economy Ministry. The vessel, which converts ...

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US lawmakers press Amazon on warehouse-rebuilding plan

  Bloomberg Three US lawmakers questioned Amazon.com Inc’s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. The lawmakers said the e-commerce company should be constructing the warehouse with stronger safety features than existed before the collapse. Amazon is a tenant in the facility owned ...

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Rolls-Royce car factory staff get record pay rise in Britain

  Bloomberg Workers at Rolls-Royce Motor Cars Ltd will receive as much as an 18% pay increase, which the Unite union claimed was a record increase. Around 1,200 staff who put together the luxury brand’s Phantom, Ghost and Cullinan models at its factory in Goodwood voted in favour of a 10% wage increase along with a one-off payment of £2,000 ...

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France faces higher recession risk as downturn in Germany eases

Bloomberg Private-sector activity in the euro area’s top two economies shrank in December, but while France faces a greater risk of falling into recession, the downturn underway in Germany is showing signs of easing as inflation cools. S&P Global’s flash Purchasing Managers Index for France dropped to its lowest level in almost two years, unexpectedly falling to 48 on service-sector ...

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Starbucks staff begin three-day strike as contract talks sour

  Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

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North Korea tests new engine for long-range missile strikes

Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

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