Abu Dhabi / Gulf Time Q Holding, a leading investment company in the United Arab Emirates, announced on Thursday its acquisition of Reem Investments Company in exchange for shares to be issued in Q Holding, in efforts to grow its portfolio of investment assets for a total amount of AED 5,942,067,075. HE Abdulla Mohammed Butti Al Hamed, Chairman of ...
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Emirates takes Dubai’s vision of tomorrow to the skies
DUBAI / Gulf Time Emirates revealed a new custom A380 livery dedicated to Dubai’s newest architectural icon and centre for pioneering concepts and ideas, the Museum of the Future. The first Emirates A380 (A6-EVK) to sport this exciting new livery, takes flight tomorrow to Los Angeles. As its nine other aircraft siblings roll out of the dedicated Aircraft Appearance ...
Read More »Arabian Travel Market all set to open next week
DUBAI / WAM Tourism professionals from around the world will return to Dubai next week when Arabian Travel Market, the leading event for the travel industry in the Middle East, returns to the Dubai World Trade Centre on Monday, May 9. The event will welcome more than 20,000 visitors and over 1,500 exhibiting companies during the four-day tourism showcase, ...
Read More »Germany rents ‘LNG hubs’ to cut reliance on Russian gas
Bloomberg Germany signed contracts to charter four floating terminals to import liquefied natural gas in partnership with utilities RWE and Uniper as it races to reduce its energy dependence on Russia. Shipping companies Hoegh LNG and Dynagas will each provide two of the LNG terminals — which together have the capacity to convert at least 20 billion cubic meters ...
Read More »Britain to get surge of tax payments from Shell, BP
Bloomberg The UK Treasury will get a boost from Big Oil’s tax payments for the first time in years as high energy prices send companies’ profits surging. The payments will come at a time when energy firms are under fire in Britain as their record earnings sit uncomfortably next to soaring cost of living for households. Activists and politicians ...
Read More »Russian energy firm Lukoil ‘is looking to identify its creditors’ amid new rules
Bloomberg Russia’s second-biggest oil producer is looking to identify its creditors, as the firm attempts to pick its way through the complex web of new rules governing its interactions with foreign bondholders following the departure of its sanctioned co-founder. Lukoil PJSC is asking investors of its foreign-denominated bonds to disclose their identity and how much they hold, according to people ...
Read More »Ineos to supply hydrogen for testing in UK
Bloomberg Chemicals giant Ineos Group Ltd is set to supply hydrogen that will be used in a pilot project to test whether the fuel can provide a greener alternative to natural gas in Britain’s pipelines. The UK government is setting more ambitious targets for hydrogen usage, as part of efforts to accelerate decarbonisation and shore up energy security. Trials ...
Read More »Germany, Netherlands push North Sea drilling to shun Russia
Bloomberg Germany and the Netherlands are moving closer to starting new gas production in the North Sea as part of broader efforts to reduce reliance on Russian energy imports. The German state of Lower Saxony and Dutch energy company ONE-Dyas BV aim to pump natural gas from undersea deposits 20 kilometres (12 miles) north of the islands of Borkum ...
Read More »Ukraine has high hopes as a victorious nation
It may still be hard to believe, despite all the Russian military bungling, that Ukraine can win the war against its much bigger neighbour. Yet, as the underdog, Ukraine actually has more scenarios in which it can credibly declare victory. If it survives as an independent state — which appears almost certain now that Vladimir Putin has had to scale ...
Read More »Musk’s Twitter can be good for all
As Twitter users everywhere brace for changes to their beloved platform under new ownership, no group is more anxious about Elon Musk’s intentions than the large and highly influential community of democracy activists and human-rights advocates. And arguably, no other group has more at stake. Certainly, none has a closer appreciation of the platform’s potential — for both good and ...
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