Uncategorized

  Bloomberg After taking a barrage of criticism for buying a cargo of Russian crude, Europe’s largest oil company Shell Plc says it’s navigating the market with government guidance. “We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply,” Shell said in a statement. “We ...

Bloomberg Efforts failed for a second day to halt Russia’s siege of the southern Ukrainian port city of Mariupol to allow the evacuation of tens of thousands as President Vladimir Putin pressed ahead with the invasion and demand for the country’s “demilitarization.” Russian troops violated a temporary ceasefire agreement, Anton Herashchenko, an adviser to Ukraine’s interior minister, said on his ...

Bloomberg Finnish President Sauli Niinisto met with President Joe Biden in the White House, signaling that he’s looking for a closer relationship with the superpower after Finland’s neighbor Russia invaded Ukraine. They agreed to start a “clear process” to enhance security and defense cooperation, also involving Nordic partners, Niinisto, 73, told reporters after their talks in Washington, DC. Asked whether ...

  Bloomberg President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high. The evaluation, officially known as a “review of necessity,” so far has attracted ...

  Bloomberg Argentina’s government published the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund. The agreement with IMF staff has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 ...

Bloomberg On a freezing winter morning, Europe woke up to a shock. Russia had cut off gas to Ukraine. Companies started reporting drops in supplies via the transit country. Calls to reduce energy dependence on Moscow resonated across the continent. That was in January 2006. Sixteen years on, through another supply crisis and then Russia’s annexation of Crimea, the European ...

  NEW YORK / WAM The United Arab Emirates has voted in favour of the United Nations General Assembly resolution on the situation in Ukraine. Speaking at the UN General Assembly’s emergency special session, Lana Nusseibeh, Assistant Minister for Political Affairs and UAE Ambassador and Permanent Representative to the UN, stated, “We voted for this resolution, and we join the ...

  DUBAI / WAM The Tunisian Government has awarded AMEA Power a Concession Agreement and a Power Purchase Agreement for a 100MW solar project in Kairouan, worth $100 million (AED368 million) Najla Bouden Romdhane, Head of Government of Tunisia; Neila Nouira Genji, Minister of Industry, Mines and Energy; Hussain Al Nowais, Chairman of AMEA Power, and other dignitaries attended the ...

  ABU DHABI / WAM Abu Dhabi Public Health Centre (ADPHC) has announced that Dr Farida Al Hosani, Infectious Disease Expert and Executive Director of Infectious Diseases and Official UAE Spokesperson for the Health Sector, has joined the World Health Organisation’s (WHO) Pandemic Influenza Preparedness Framework (PIP Framework) Advisory Group as a Member for the period 2022-2024. Members of the ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry has held a working meeting with officials of the Chamber of Commerce and Industry of the Kyrgyz Republic and major Kyrgyz companies. During the meeting, the parties discussed ways to develop and strengthen trade and investment markets between the UAE and Kyrgyzstan. Humaid Mohammed bin Salem, Secretary-General ...