Ajman / Emirates Business Saudi German Hospital Ajman (SGH-Ajman) saved the life of a 69-year-old Asian who was admitted to the emergency department with a poor health condition. He was transferred directly to the intensive care unit since he was suffering from cardiovascular diseases, had a stroke affecting his left brain and other serious health conditions. The patient was administered ...
Read More »Blog Layout
Etihad, Manchester City unveil bespoke kit
ABU DHABI / WAM Etihad Airways, together with its partner Manchester City, have unveiled a bespoke match-day jersey in recognition of the global efforts to begin recovery from the impacts of Covid-19. Etihad is dedicating the front of shirt space, ordinarily bearing the Etihad logo, to the ‘Cityzens Giving For Recovery’ campaign, City Football Group and Manchester City’s 12-month campaign ...
Read More »MoF implements Procure-to-Pay
ABU DHABI / WAM The Ministry of Finance (MoF) announced the successful implementation of Procure-to-Pay (P2P) which facilitates the procurement process and e-approval of purchase orders and requests at various federal entities in the country. “Entities can now approve the purchase requests and direct the purchase order to the supplier within minutes – if all the required documents are available,” ...
Read More »Spain’s Iberdrola plans to buy Infigen in Australia expansion
Bloomberg Spain’s Iberdrola SA, one of the world’s biggest wind power operators, has agreed to buy Australia’s Infigen Energy for A$840.6 million ($581 million), expanding its footprint in a country seen as one of the best places on the planet to develop renewables. Bilbao-based Iberdrola has more than 18 gigawatts of wind capacity in its global portfolio and has been ...
Read More »Global energy demand growth was slowing before Covid-19: BP
Bloomberg Growth in energy demand was declining even before the coronavirus pandemic spread globally, keeping consumers under lockdown and sending prices to record lows, BP Plc said Wednesday. The oil major’s annual Statistical Review of World Energy showed that growth in primary energy consumption slowed to 1.3% in 2019, almost half the rate of a year earlier. Renewable energy comprised ...
Read More »UK’s biggest onshore wind farm gets green light from SSE
Bloomberg SSE Plc’s shares jumped after the utility committed to building a giant onshore wind park that’ll be key to the UK’s fight to slash its carbon emissions. The 443-megawatt Shetland Island wind farm is part of a $9.4 billion spending spree announced by the Scottish utility on Wednesday that’ll go towards decarbonisation projects in the next five years. Shares ...
Read More »Goldman sees $16trn opening as renewables pass oil and gas
Bloomberg Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs Group Inc. Renewables including biofuels will account for about a quarter of all energy spending next year, up from about 15% in 2014, Goldman analysts including ...
Read More »Japan’s new wave: Cash, bankruptcy, inequality
Despite trillions of dollars of stimulus sloshing around and credit being funneled into the global economy, the coronavirus is forcing countless businesses into bankruptcy. The weak are getting weaker, and the big are thrown lifelines. That divide will only grow wider. The case of Japan, where insolvencies are rising sharply, shows that no matter how much cash you have, size ...
Read More »Is Greece a safer destination now?
During the euro-zone crisis at the beginning of the last decade, many European citizens felt they were paying an unfair price for Greece’s problems. As the first wave of the coronavirus pandemic fades in Europe, it’s the turn of the Greek people to feel aggrieved. The country has had one of the best Covid-19 records in the European Union, thanks ...
Read More »Apple deserves the EU antitrust scrutiny
And it begins. Apple Inc now officially faces a double threat on the regulatory front. The European Union announced it has opened two formal antitrust investigations into the tech giant to see if the company has broken competition laws with its App Store and Apple Pay services. Specifically, the regulators plan to investigate Apple’s rules surrounding its in-app purchase system, ...
Read More »