SHARJAH / WAM The Board of Directors of Dana Gas on Tuesday announced that it has recommended an incremental dividend payment of 4.5 fils per share for H2 2022. A payout of 4.5 fils per share for the second half of 2022 would take the total dividend payment for 2022 to AED630 million or 9 fils per share, a 12.5 ...

ABU DHABI / WAM Halcyon, a Washington DC-based incubator, concluded a week-long programme in Abu Dhabi, in collaboration with Access Abu Dhabi, a programme supported by the Abu Dhabi Investment Office (Adio), with a cohort of 28 founders representing the region’s most promising impact-driven businesses. The Access Abu Dhabi is open to all US businesses and includes various support to ...

ABU DHABI / WAM By the end of 2022, global renewable generation capacity amounted to 3372 gigawatt (GW), growing the stock of renewable power by 295 GW or 9.6 percent, according to Renewable Capacity Statistics 2023, released by the Abu Dhabi-headquartered International Renewable Energy Agency (Irena). An impressive 83 percent of all power capacity added last year was produced by ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Klaus Iohannis, President of Romania, who is on an official visit to the UAE, on Tuesday. During the meeting, the two leaders discussed bilateral relations and ways to further enhance relations between the UAE and ...

RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received at his rest-house in Jebel Jais, HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, who was accompanied by HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, on Tuesday. ...

DUBAI / WAM Dubai Duty Free announced its contribution of AED 20 million towards the “1 Billion Meals Endowment” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to coincide with the advent Holy Month of Ramadan. The campaign aims to see the largest Ramadan food aid endowment fund established ...

BLOOMBERG A year and a half ago, China’s CATL put on a flashy event to make an announcement significant enough that Zeng Yuqun, the founder and chairman of the world’s biggest battery maker, served as emcee. Zeng, who had just passed up Alibaba’s Jack Ma in the Bloomberg Billionaires Index, revealed that CATL was working on battery packs that would ...

BLOOMBERG Greece will put forward a plan to overhaul the European Union’s (EU) electricity grids in order to lay foundations for a massive rollout of renewable power. The country wants to boost so-called north-south corridors so that areas with high levels of wind power generation are better connected with those that produce solar electricity, according to a non-paper seen by ...

BLOOMBERG  Amazon.com Inc is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history. CEO Andy Jassy announced the cuts internally, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups. “Given the uncertain economy in ...

BLOOMBERG  Foot Locker Inc’s new chief executive officer has unveiled a turnaround plan for the shoe retailer that hopes to break $9.5 billion in annual sales by 2026. Mary Dillon, who took the top job in September, and her senior executives told investors and analysts in a presentation that they will open new store formats away from shopping malls, push ...