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Japanese green-tech firm drive 268% stock surge, luring short bets

Bloomberg Shares of a small Japanese green-technology firm have more than tripled in less than half a year on investor bets that microwaves will play a major role helping manufacturers reduce carbon emissions. Microwave Chemical Co. has jumped 268% since it listed in June, with its market value touching a high of about $300 million. Most of the gains have ...

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UAE President, Putin discuss bilateral relations over phone

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, discussed during a phone call with Vladimir Putin, President of the Russian Federation, ways to build on the cooperative relationship between the two countries, as well as several regional and international matters of mutual interest.

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Jafza’s polymers, petchem trade reaches $13.3b in ’21

Dubai / WAM Jebel Ali Free Zone’s (Jafza) petrochemical sector witnessed an increase in export volumes in 2021, which grew 52 percent year-on-year. Additionally, last year, the free zone alone accounted for over 50% of Dubai’s polymers and petrochemicals trade, valued at over AED49 billion ($13.34 billion). DP World, through its local and regional assets, multimodal connectivity, cost-effective supply chain ...

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