Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) and GE Gas Power on Wednesday announced a joint cooperation initiative to develop a decarbonisation roadmap that includes reducing carbon emissions from gas turbines used to power Adnoc’s downstream and industry operations, including at the world-scale Ruwais Industrial Complex, in Abu Dhabi in the United Arab Emirates. This initiative further ...

Dubai / Gulf Time Danube Group, Dubai’s leading building material, real estate and retail home furnishing, conglomerate is one of the first few companies who announced their new work week cycle starting January 1, 2022, in line with the UAE governments new directives of a shorter work week. The group intends to retain its two-day weekend (on Saturdays and Sundays) ...

When panic strikes financial markets and everyone runs for the exits, someone has to put up the cash — usually it’s governments and central banks. Indeed, the US Federal Reserve has again and again intervened to calm nerves and keep markets moving by buying up Treasury bonds and injecting liquidity. But as regulators move to fix more problems and reduce ...