Sharjah / WAM Sharjah Investment and Development Authority (Shurooq)’s family-friendly destinations in coordination with the Sharjah Commerce and Tourism Development Authority are set to ring the New Year with colorful lights; from fireworks displays to amazing dining experiences to exclusive shows, each destination has specially curated events this year. Celebrating the 10th anniversary, Al Majaz Waterfront will have breathtaking eight-minute ...
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China’s Nio chief warns of sales challenges in first half
Bloomberg Nio Inc founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market. Customers are likely to try place orders before the end of the year, when the national subsidies for ...
Read More »Absence of talks to stop war is not Moscow’s fault: Putin
Bloomberg With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,†Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,†he added. Air alerts sounded across Ukraine after Russian fighter jets, including one capable ...
Read More »ADSW 2023 to set agenda for inclusive global climate action
Abu Dhabi / WAM Abu Dhabi Sustainability Week (ADSW) 2023, the global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development, will feature a series of high-level sessions focused on the key priorities for sustainable development ahead of the United Nations Climate Change Conference (COP28), to be held in the UAE from November 30 ...
Read More »ADSW 2023 to set agenda for inclusive climate action
Abu Dhabi / WAM Abu Dhabi Sustainability Week (ADSW) 2023, the global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development, will feature a series of high-level sessions focused on the key priorities for sustainable development ahead of the United Nations Climate Change Conference (COP28), to be held in the UAE from November ...
Read More »Dewa supports women empowerment through its world-class nurseries
Dubai / WAM Dubai Electricity and Water Authority (Dewa) provides a motivational and sustainable environment to support women in the workplace and their active participation in sustainable development, as well as ensuring psychological and social stability for working mothers. Aligned with this vision, Dewa was one of the first government departments to establish nurseries (Childcare Centres) to take care of ...
Read More »Deal signed to create payment solution for Dubai’s ports sector
Abu Dhabi / WAM First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) to establish a best-in-class digital payment platform to spur Dubai’s shift towards becoming a cashless economy. The new payment ecosystem is set to transform the existing payment gateway, leading ...
Read More »UK produces record amount of wind power, easing gas crisis
Bloomberg Britain’s wind farms generated a record amount of electricity this year as gusty weather and a growing fleet of turbines softened the impact of soaring natural gas prices. Wind power will be a critical factor in how well Europe manages an energy crisis that’s already cost more than $1 trillion. Higher wind speeds will ease the need to burn ...
Read More »With China thawing, Australia looks to double trade with India
Bloomberg Australia is eyeing India’s burgeoning middle class to help offset the economic damage wrought to some of its major exports by the twin headwinds of Covid-19 and heavy restrictions imposed by its biggest trade partner, China. With a middle-to-high income population of about 85 million people, according to Pew Research — roughly three times Australia’s total population — it’s ...
Read More »India likely to spend less on subsidising fertilisers
Bloomberg India is likely to spend less on subsidising fertilisers as global prices fall and the government looks to narrow its budget deficit, according to people familiar with the matter. Officials are considering slashing the fertiliser subsidy bill to 1 trillion to 1.5 trillion rupees ($18 billion) for the 2023-24 fiscal year starting April, according to the people, who ...
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