Dubai / WAM Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), on Tuesday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of a $750 million bond. The listing announcement event was attended by Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of Dubai Financial Market (DFM), as well as senior executives from both sides. Al Naqbi ...

DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has opened a US$1 million vocational training centre to create opportunities for young Guineans. The Advanced Automotive Training Centre, located in the town of Boké near GAC’s bauxite mining concession, will provide year-long courses in advanced light vehicle mechanics. The project was ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 81.22 percent of the Nakhali water reservoir, which has a storage capacity of 120 million imperial gallons (MIG). With investments totalling AED 287.8 million, the project is expected to be completed by the end of the third quarter of 2021. “We work in line with the vision and directives ...

ABU DHABI / WAM The Vatican’s Foundation Gravissimum Educationis has granted the ‘Man of Humanity’ Award to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Award was received by Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, on behalf of His Highness ...

Abu Dhabi / WAM CSP Abu Dhabi container terminal, the first greenfield project of Cosco Shipping Ports Limited (CSP) operating within Abu Dhabi Ports’ flagship deep-water port Khalifa Port, has announced its terminal will be the first in the Middle East to implement an autonomous port truck system. Following a two-month trial period, a total of six electric Q-Trucks will ...

ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disasters Committee, in collaboration with Abu Dhabi Public Health Centre, has updated the home quarantine guidelines for those in contact with a positive case, to protect the health and safety of all community members. Those vaccinated must quarantine for seven days and take a PCR test on day 6. If the ...

Abu Dhabi / WAM World Future Energy Summit, part of Abu Dhabi Sustainability Week, has signed key stakeholder agreements with the Ministry of Energy and Infrastructure, Bee’ah and EDF Renewables. The event, which provides a platform to showcase clean energy and sustainable projects, initiatives and developments for the Middle East – will be held in Abu Dhabi’s National Exhibition Centre ...

The buyout industry’s controversial shopping trip in the UK has probably only just begun. Agreeable boards, short-termist stock market investors and a testy antitrust regime are tilting the playing field. Around half of UK takeovers of more than $1 billion have been private equity-led over the last year. The offer for Wm Morrison Supermarkets Plc, worth $13 billion including assumed ...

When we envision our future, we often think in terms of technology, culture and geopolitics. All of that determines both our lifestyle and the kinds of cities we build. US cities have arrived at a crossroads. Explosive growth in the South and Southwest, heightened awareness of inequality, an aging population and technology that redefines transportation and buildings are changing priorities ...

Australia has taken a small step towards dismantling part of the stimulus it unleashed to fight Covid-19. This is no rush for the exit by the Reserve Bank, once the envy of the world for presiding over a three-decade run without a recession. Interest rate increases are years away. As financial markets and the global economy cratered last year, the ...