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Europe stocks fall amid lockdown woes; bonds rise

Bloomberg European stocks dropped on Tuesday as a planned lockdown in Germany amid a resurgence of virus cases cast doubt on the region’s nascent economic recovery. The Stoxx 600 Index falls 0.5%, dragged lower by travel shares and cyclicals as Chancellor Angela Merkel put Germany into hard lockdown over Easter to try to defuse another wave of infections. The move ...

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Mubadala, Snam join hands for hydrogen development projects

ABU DHABI / WAM Mubadala Investment Company (Mubadala) and Snam, one of the world’s leading energy infrastructure operators, signed on Monday a Memorandum of Understanding (MoU) to collaborate on joint investment and development initiatives on hydrogen. As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies to explore ...

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UAE targets 40% efficiency in energy consuming sectors

Abu Dhabi / WAM The UAE is to increase the efficiency of the three most energy-consuming sectors (transport, industry and construction) by 40 per cent, Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure has said. In a statement he made on Monday following the launch of the national water and energy demand management programme by the cabinet, Al ...

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