Abu Dhabi / WAM The Ministry of State for Federal National Council Affairs (MFNCA) claimed two Gold Stevie awards in the International Stevie Business Awards 2022, after ranking first in the Human Resources Department of the Year and Organisation of the Year (Government Organisations) categories. The International Business Awards are among the most prestigious international business awards for creativity, ...

  Dubai / Gulf Time Sir Tim Clark, President Emirates Airline, re-affirmed the airline’s commitment to Mauritius at a dinner reception held yesterday evening on the occasion of its 20-year anniversary of operations in the nation. The event took place at the Labourdonnais Waterfront Hotel in the presence of the Honourable Pravind Kumar Jugnauth, Prime Minister of Mauritius, other dignitaries ...

Bloomberg European Union (EU) governments have pledged more than 550 billion euros ($536 billion) to protect citizens and businesses from soaring energy costs over the past year, highlighting the enormous fiscal burden the bloc’s leaders face as they jostle over how to pay for it. That figure climbs to 710 billion euros when support for utilities via loans, bailouts and ...

  Bloomberg Italy’s Enel SpA is in talks with banks on a new €16 billion ($15.8 billion) state-backed credit line to cover derivatives risks linked to spiking energy prices, according to people familiar with the matter. Under the plan, the country’s trade-credit insurer Sace would provide guarantees for around 70% of the total amount, said the people, asking not to ...

  Bloomberg Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving towards sustainable alternatives like energy efficiency, according to a new report. The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the decade, causing a doubling of bills for consumers, the ...

  Bloomberg A city in southern China is planning an offshore wind farm bigger than all of the power plants in Norway combined. Chaozhou, in Guangdong province, intends to start work on the 43.3-gigawatt project before 2025, according to a copy of the city’s five-year plan posted on industry publication bjx.com. The wind farm will be built between 75 and ...

  Bloomberg BP Plc agreed to acquire biogas producer Archaea Energy Inc. for about $4.1 billion including debt, the latest step in the UK energy giant’s expansion into into lower-carbon fuels. BP will pay $26 per share, a 38% premium to the average share price in the 30 days to Oct. 14, Archaea said in a statement. The Houston-based company, ...

  Bloomberg Indonesia plans to sell biofuels made from a blend of sugarcane extract and oil from next year as the world’s largest exporter of dirty coal seeks to reduce emission and curb fuel imports. State-owned oil and gas firm PT Pertamina Persero will begin selling A20 fuel, which is a mix of 80% gasoline, 15% methanol derived from natural ...

Every Chinese leader stamps their mark on the country they rule for five, 10, (or 15) years. Xi Jinping’s brand is indelible, but the technology companies which have powered China’s economic rise over the past decade will be searching for clues on how to navigate his third term. When Xi took power in March 2013, Tencent Holdings Ltd. stood at ...

  Unrealistic as it was technically, the idea of a pan-Asian currency always had some political support: Since 2005, the Japanese have published the exchange value of something called the Asian Monetary Unit, a precursor to what would one day become the region’s equivalent of the euro. The debt crisis in southern Europe — and the threat it posed to ...