Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) has developed an integrated action plan for Eid al-Fitr, as part of its commitment to continue providing its services at the highest standards and to meet the expected increase in waste generation. With this plan, the Centre aims to maintain cleanliness in all vital areas of Abu Dhabi city, Al ...

  DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a webinar to assess the effects and interdependence of green and sustainable finance on long-term development, in collaboration with Chartered Banker Institute, a UK global professional education body for bankers. The virtual session titled ‘Frontiers of Green ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc), and Mubadala Investment Company (Mubadala), on Friday announced a strategic transaction involving Borealis AG (Borealis), one of Europe’s leading petrochemical companies. Under this agreement, Adnoc will acquire a 25 percent shareholding in Borealis from Mubadala. Upon completion of the transaction, which is subject to customary closing conditions and regulatory ...

  Dubai / WAM Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, posting a 17 percent increase in its net profit to AED 27.5 million, compared to AED 23.4 million during the corresponding period of 2021. The company’s total consolidated revenue has increased by 7 percent to AED 78.6 ...

  Dubai / WAM The United Arab Emirates has announced the launch of a new space mission to the International Space Station (ISS) that will last for six months. The Mohammed bin Rashid Space Centre (MBRSC) signed a new strategic cooperation in human spaceflight with Axiom Space Inc. a leading human spaceflight and infrastructure company. His Highness Sheikh Mohammed bin ...

  Bloomberg Exxon Mobil Corp tripled its share-buyback programme to as much as $30 billion after profits surged amid Russia’s invasion of Ukraine and a rally in worldwide energy prices. The repurchases will be made through the end of next year, Exxon said in a statement. The oil giant more than doubled first-quarter adjusted net income to $8.8 billion, or ...

  Bloomberg Shell Plc agreed to buy Indian renewable power supplier Sprng Energy Pvt for $1.55 billion, accelerating the oil giant’s transition to low-carbon energy. The deal will triple Shell’s operational renewables capacity and help it achieve net-zero carbon emissions by 2050, the company said in a statement. The transaction was first reported by Bloomberg. “This deal positions Shell as ...

  Bloomberg China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance said in a statement. Current tariffs range from 3% to 6% depending on the type of coal, the ministry said in a statement and posted to its website. China’s coal imports are down ...

  Bloomberg Chevron Corp posted the highest quarterly earnings in almost a decade as soaring energy demand and Russia’s war on Ukraine strained global supplies, ratcheting up prices for everything from natural gas to diesel. Net income adjusted for one-time items was $6.5 billion, the highest since the second quarter of 2012, while free cash flow touched a level not ...

It’s been more than two years since Apple Inc issued revenue guidance. The iPhone maker initially blamed the Covid-19 pandemic, and later added chip shortages, for its inability to forecast the future. Yet the move is part of a worrying trend toward decreasing transparency at the world’s largest company. On January 28, 2020, just as lockdown measures were shutting parts ...