Uncategorized

Bloomberg The Biden administration is planning to send about 100 Stryker armored vehicles in its next package of military aid to Ukraine worth about $2.5 billion. The US is poised to unveil the package as part of a broader announcement by western allies of new hardware for Ukraine that’s set for Friday, when defense ministers meet at Ramstein Air Base ...

  Bloomberg India dismissed as a “propaganda piece” a recently broadcast BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence in his home state. More than 1,000 people — mostly Muslims — were killed in sectarian violence across the state after a train carrying Hindu pilgrims was burned allegedly by a Muslim mob. ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday held a fraternal consultative meeting with leaders of a number of brotherly countries. His Highness Sheikh Mohamed held the meeting with Sultan Haitham bin Tariq of Oman; King Hamad bin Isa Al Khalifa of Bahrain; Emir Sheikh Tamim bin Hamad Al-Thani of Qatar; King Abdullah ...

  Abu Dhabi / WAM Adnoc maintained in 2023 its position as the UAE’s most valuable brand for the fifth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s brand value increased by 11% year-on-year to reach $14.2 billion in 2023, an Adnoc statement said on Wednesday. Adnoc Brand Strength Index ...

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) announced on Wednesday the signing of a shareholder agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the Ta’ziz Industrial Chemicals Zone. The move is a further step in ...

  Abu Dhabi / WAM Abu Dhabi Distribution Company (ADDC) has signed a memorandum of understanding in collaboration with the General Authority of Islamic Affairs & Endowments (Awqaf) to invest approximately AED20 million in a project that will optimise air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced it has signed a contract with Distant Imagery, a UAE-based environmental technology company, to plant 2.5 million mangrove seedlings across Abu Dhabi using innovative drone planting technology adopted by the Environment Agency – Abu Dhabi (EAD). The new contract signed at the Abu Dhabi Sustainability Week (ADSW) ...

  Bloomberg The writing was on the wall when Britain finalized its break from the European Union: The UK sorely lacked the battery manufacturing capability that would be absolutely critical to the auto industry’s future, leaving the country’s already declining car sector in a make-or-break bind. The failure of Britishvolt Ltd. to get past the stage of developing prototypes for ...

  Bloomberg The European Union will need to ask member states to make fresh contributions to the bloc’s budget to fund a growing list of priorities, including support for its industries and addressing fallout from the war in Ukraine, the EU executive arm’s top economy official said. “We need in a sense to replenish the EU budget, because many of ...

Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an ...