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Abu Dhabi records 22,000 safety-belt violations in H1

ABU DHABI / WAM The Abu Dhabi Police has booked 22,162 violators in the first half of this year for not wearing seat belts. The ADP’s Traffic and Patrols Directorate is urging both motorists and passengers to wear seat belts for the safety of road users. According to Article (51) of the implementation regulations of the Federal Traffic Law No. ...

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DGCX, AUS to foster next-gen finance professionals

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) announced that it has partnered with American University of Sharjah (AUS) to foster the next generation of professionals across the finance sector. Through the collaboration, the DGCX will offer AUS undergraduate students the opportunity to participate in an internship programme and educate them about how the DGCX operates and the ...

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Coal demise forces $1 billion writedown for Swedish utility

Bloomberg Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish utility wrote down the value of the Moorburg facility in Hamburg by 9.1 billion kronor ($1 billion), according to its first-half earnings statement on Tuesday. The plant opened in ...

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