Abu Dhabi / WAM The Financial Intelligence Unit of the United Arab Emirates (UAE FIU) signed two separate Memoranda of Understanding (MoUs) with the Bangladesh Financial Intelligence Unit (BFIU) and the Financial Reporting Centre (FRC) of the Federal Republic of Somalia in line with international efforts to exchange financial information and expertise, as well as collaborate with relevant authorities and ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 231,928 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

ABU DHABI / WAM Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure, stated that the UAE has expanded its clean energy sector in record time due to its laws and legislation that encourage investment in current developments and future projects. The country also drafted ambitious future goals, through the launch of the National Energy Strategy 2050, ...

Abu Dhabi / WAM Environment Agency – Abu Dhabi (EAD) has recorded a 22 percent increase in the number of Oryx in the protected area, in comparison to previous studies. EAD conducted an aerial survey for the Arabian Oryx Protected Area, last November, confirming the success of the Sheikh Mohamed bin Zayed Arabian Oryx Reintroduction Programme which was launched in ...

Bloomberg Orsted A/S, the biggest developer of offshore wind farms, plans to spend 350 billion Danish kroner ($57 billion) by 2027 to be the world’s leading green energy provider. The Danish firm faces increasing pressure from utilities as well as oil majors that aim to be major players in the transition to clean energy, an area it pioneered when it ...

Bloomberg Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers channel funds into a “hasty” energy transition. “The world risks a severe deficit of oil and gas,” Rosneft CEO Igor Sechin said at the St Petersburg International Economic Forum. “The world consumes oil, but isn’t ready to invest in it.” His comments echo those ...

Bloomberg The days of promoting liquefied natural gas as “freedom gas” or “molecules of freedom” have ended at the US Department of Energy. During a visit to Houston, US Secretary of Energy Jennifer Granholm said the Biden administration would rather promote and sell a cleaner version of the superchilled power plant fuel. The statement marks a policy shift from the ...

Zoom Video Communications Inc, maker of the ubiquitous videoconferencing tool that made a global pandemic less isolating, just reported another quarter of explosive growth. While its business may not continue to soar quite so much, Zoom is well positioned, appears to have a loyal fan base and continues to innovate. It has also achieved a rare corporate feat: It created ...

A crisis of political legitimacy is hanging over Malaysia’s government just when it needs to make tough decisions to tackle a relentless surge in Covid-19 infections. It’s hard to see the ongoing state of emergency ending in August as promised. Parliament was suspended in January in the name of fighting the pandemic, allowing Prime Minister Muhyiddin Yassin to stay in ...

When a company faces shareholder activism, the temptation is to find quick rewards for investors at the expense of the business. But GlaxoSmithKline Plc — now a target for Elliott Management Corp — is in a bind because its heavy dividend commitments have already long constrained its ability to invest in new medicines. The UK drugmaker should use the forthcoming ...