BLOOMBERG Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations. The company will offer investment-banking and capital-markets services to its corporate, institutional and government clients in Canada, Jefferies said in a statement. The office in Toronto will employ more than 40 people across investment banking, equity research, …

DUBAI / WAM As part of its leadership in organising the first participation of the Space Pavilion in COP28, and based on its pioneering role as an enabler of the space sector, the UAE Space Agency organised the Space Agencies Leaders’ Summit, the first summit of its kind with the participation of more than 20 international space agencies. By bringing …

DUBAI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, affirmed that the UAE’s energy sector is vital to ensuring the success of the UN Climate Change Conference (COP28), taking place at Dubai Expo City with the participation of world leaders. The UAE realised early on the importance of a realistic and responsible energy transition and succeeded …

DUBAI / WAM Abu Dhabi Future Energy Company (Masdar) on Monday announced the acquisition of eight hybrid renewable energy projects, along with Taaleri Energia, a Finnish-based renewable energy developer and fund manager, marking a significant expansion to both companies’ Polish renewable energy portfolios. Masdar and Taaleri Energia have purchased the projects from Domrel Biuro Usług Inwestycyjnych (Domrel), a leading developer …

DUBAI / WAM The Fujairah Environment Authority has launched the Green Fujairah Initiative, which includes several pillars that will address climate change and reflects the commitment of the Emirate of Fujairah to mobilise climate action efforts across various sectors. This came during a panel discussion organised by the Authority at UAE House of Sustainability, in the Green Zone at the …

DOHA / WAM Khalifa Shaheen Al Marar, Minister of State, headed the UAE delegation to the 158th Ministerial Council Meeting of the Gulf Cooperation Council (GCC), which was held on Monday in Doha, the capital of the State of Qatar. The ministerial meeting was in preparation for the 44th session of the Supreme Council of the GCC, which will be …

BLOOMBERG Rolls-Royce Holdings Plc set ambitious medium-term targets of higher cash flow and return on capital as Chief Executive Officer Tufan Erginbilgic takes his turnaround effort at the UK engine maker to the next phase. The company expects to achieve operating profit of as much as £2.8 billion ($3.5 billion) and free cash flow of as much as £3.1 billion …

ABU DHABI/ WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, received at Al Nakheel Palace on Monday, President João Lourenço of the Republic of Angola, and discussed with him bilateral relations and ways to enhance them. During the meeting, Sheikh Hamdan welcomed the guest president, who is visiting the country to participate in the …

ABU DHABI/ GULF TIME For the first time ever, Snow Abu Dhabi will be transformed into a Winter Wonderland from 01-25 December, so guests in the Capital can enjoy a bumper line-up of family-friendly activities surrounded by real snow! Santa Claus is coming to town and guests will have the chance to meet the man himself and his merry elves …

DUBAI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has visited the COP28 site at Expo City Dubai as the country prepares to host the global conference until 12 December. His Highness toured the site and was briefed on the preparations of its facilities and …