Abu Dhabi / WAM Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received Husin Bagis, Ambassador of the Republic of Indonesia for the UAE, at the Fund’s headquarters in Abu Dhabi. Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, and several officials from both sides also attended the meeting. During the meeting, the ...

  ABU DHABI / WAM The UAE is embarking on ambitious growth-focused reforms aimed at improving the ease of doing business, attracting foreign investors, creating jobs and diversifying the economy away from oil, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. He added that the country is also committed to combating the threat ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the upgrade of Jebel Ali Habab Pumping Station Phase-II & III. The total capacity of water connections at the station is 36 million imperial gallons per day (MIGD), with a total cost of AED67.44 million, said a Dewa statement on Wednesday. The upgrade process aims to promote the ...

  DUBAI / WAM Slovenia celebrated its National Day at Expo 2020 Dubai by highlighting its green heritage and push towards a knowledge economy, as well as its rich cultural traditions. Zdravko Pocivalsek, Deputy Prime Minister and Minister of Economic Development and Technology, Anze Logar, Minister for Foreign Affairs, and Oto Pungartnik, Slovenian Ambassador to the UAE, were welcomed by ...

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to ...

  Bloomberg Europe will have 130 million electric vehicles (EVs) on the road by 2035, according to a joint report from Ernst & Young and the electricity industry trade association Eurelectric. The report’s projections show Europe’s EV fleet growing from its current base of less than 5 million to 65 million by 2030 and then doubling over the following five years. ...

  After the Republican National Committee censured Representatives Liz Cheney and Adam Kinzinger and claimed that the Jan. 6 committee they’re serving on is persecuting people for “legitimate political discourse,” several Republican senators were quick to criticize their own party’s leadership. Most notably Utah’s Mitt Romney: “Shame falls on a party that would censure persons of conscience, who seek truth ...

The brilliant thing about technology is how it tends to become smaller (and cheaper) over time. One glaring exception has been the most expensive piece of kit many of us buy: the automobile. Due to the popularity of bulbous, gizmo-laden SUVs and pickup trucks — some driven no further than a supermarket parking lot — modern vehicles have piled on ...

  Central bankers are no longer patient when it comes to inflation. Federal Reserve Chair Jerome Powell made that clear at last week’s meeting when he basically confirmed a March interest-rate hike. European Central Bank President Christine Lagarde refused to repeat previously-made comments that a rate hike this year was “very unlikely,” and instead indicated there was “general concern” among ...