ABU DHABI / WAM Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of Covid-19 and the growing energy crisis, according to the “Renewable Energy and Jobs: Annual Review 2022” report. The report identifies domestic market size as a major factor influencing employment generation in …

  SHARJAH / WAM Dana Gas on Thursday announced that its Board of Directors has approved an interim dividend payment to shareholders for the first six months of 2022 of 4.5 fils per share, equivalent to AED315 million, for distribution by the 21st of October 2022. Hamid Jafar, Chairman of the Board, commented, “Today’s interim dividend announcement reflects our ongoing …

  ABU DHABI / WAM The central banks of Saudi Arabia, Kuwait, Qatar, and Bahrain have decided to raise their interest rates, tracking a hike in the US Fed’s benchmark rate. The move came as the US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday- the biggest increase …