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Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not ...

Bloomberg The US called on China to halt its “provocative” pressure on Taiwan after a record number of daily incursions by Chinese warplanes, saying the military actions are destabilising and risk leading to “miscalculations.” “The US commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,” State ...

Dubai / WAM Saif Abdullah Mohammed Al Shamsi, UAE Ambassador to Thailand, affirmed that Expo 2020 Dubai would create promising opportunities for participating countries and boost efforts being made to stimulate global economy and enhance confidence in sectors hit by the Covid-19 pandemic as well as generate job opportunities. In an interview with the Emirates News Agency (WAM), Saif Al ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation, headed by Antonio Malouf, Guatemala’s Minister of Economy, at the House of Wisdom in Sharjah to explore and strengthen the framework of economic collaboration and enhance commercial and investment partnerships between the emirate and the Central American country. ...

Sharjah / WAM The Department of Water and Desalination Plants at the Sharjah Electricity, Water and Gas Authority (Sewa) revealed the completion of a project to replace and develop Al Falaj water pumping station with a pumping capacity of 73.9 million gallons per day, contributing to saving 879 megawatts of electricity annually and reducing carbon dioxide emissions to 503 tonnes ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has announced the launch of a new initiative dubbed as “One Stop Shop for Litigation”, which allows judges of Abu Dhabi, Al Ain and Al Dhafra courts to hear disputes and render judgments from anywhere without being restricted by the geographical location of registered cases, by utilising video conference technology. ...

Bloomberg Chinese warplanes made multiple incursions close to Taiwan in the second major display of military might in two weeks. People’s Liberation Army aircraft conducted 38 flights near the territory, based on statements from Taiwan’s defense ministry. There were 13 Chinese planes in the air defense identification zone in nighttime hours and 25 earlier in the day, the ministry said. ...

ABU DHABI / WAM Dr Taher Al Ameri, Official Spokesman of the National Crisis and Emergency Management Authority (NCEMA), has stated that the UAE is steadfast in its march towards sustainable recovery, supported by its numerous achievements across all sectors, particularly the health sector. During the government media briefing on the Covid-19 pandemic, Dr Al Ameri said that the proactive ...

Abu Dhabi / WAM Expo 2020 Dubai embodies the ambitions of the UAE to innovate and create the synergy needed to grasp the myriad opportunities lying ahead and meet tomorrow’s challenges, according to the Commissioner-General and President of Luxembourg Pavilion at Expo 2020 Dubai. As the countdown to the world’s greatest show has already started, with only one day to ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) on Wednesday announced the launch of its “Al Ghaf Paperless Programme”, an initiative aimed at eliminating paper usage at branches through digital banking solutions. Al Ghaf programme – which is part of ADIB’s environmental and sustainable business strategy – reinforces the bank’s commitment to reduce carbon footprint, enhances customer experience, and ...