Abu Dhabi / WAM Etihad Airways has successfully performed the world’s most intensive sustainable flight testing programme, operating 42 flights over a five-day period to test operational efficiencies, technology and procedures that will reduce carbon emissions. The programme, coinciding with Earth Day 2022, included 22 contrail prevention flights over the course of three days. Tony Douglas, Group Chief Executive ...

  Abu Dhabi / WAM Under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and coinciding with the fourth anniversary of its founding, The World Muslim Communities Council (TWMCC) is organising an international conference on May 8-9, featuring representatives of over 150 countries, to discuss the topic of Islamic unity. The event will be ...

  Abu Dhabi / WAM The 5th edition of the Dalma Historical Race Festival is set to kick off on Saturday, welcoming history enthusiasts to Abu Dhabi’s enchanting Dalma Island from May 7-20. Held under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, the festival is organised by the Cultural Programmes and ...

Bloomberg Lawmakers in the European Parliament’s environment committee agreed a set of draft compromise changes to a sweeping overhaul of the European Union’s carbon market in a push to further strengthen the cap-and-trade program. Representatives of the biggest political groups in the ENVI committee signed off on joint proposals to toughen carbon permit supply controls and improve existing shields against ...

Bloomberg South Africa’s monthly petroleum product imports are expected to as much as triple by next year from pre-pandemic levels as domestic refineries close, according to energy consultant Citac. Africa’s biggest industrialised nation already relies on imports to meet up to 60% of its fuel demand, and any increase in shipments will require improvements to existing storage facilities, ports and ...

  Bloomberg PetroChina Co isn’t seeking any discounted Russian oil and gas and is only purchasing fuel from the country through its existing contracts, company executives said. Deals with Russian counter-parties are operating normally, Chief Financial Officer Chai Shouping said on the company’s first-quarter earnings call. Transactions have continued to be settled in US dollars or euros despite international sanctions ...

  Bloomberg India’s government ordered coal-fired power plants that run on imported fuel to operate at full capacity to address an escalating energy crisis that’s threatening economic growth. The government took the unusual step of invoking a little-used provision in electricity laws to bridge a supply deficit that’s causing widespread blackouts. The order is valid until October 31, the power ...

  Bloomberg Petrobras posted strong first quarter results thanks to growing oil production during this year’s rally, prompting a rebuke from President Jair Bolsonaro who wants it to contain fuel prices ahead of an October election. Bolsonaro called on Petrobras to freeze gasoline and diesel prices, adding that its profits are unacceptable during a crisis. Recently elected Chief Executive Officer ...

Bloomberg Spain’s Seaya Ventures, which has invested in more unicorns than any other venture capital fund in the country, is raising a new fund focused on the sustainable economy and the energy transition. The Madrid-based investment firm aims to raise EU300 million ($315.5 million) for its “sustainable tech” fund, with the Spanish government committing as much as a third and ...

On the surface, the tiny Ukrainian navy, just 5,000 active-duty sailors and a handful of small coastal boats, appears to be significantly overmatched by Russian maritime forces. The Kremlin’s Black Sea fleet consists of over 40 frontline warships. The Russians seem poised to cut off the Ukrainian economy from access to the sea — essentially re-creating the Anaconda strategy US ...