Abu Dhabi / Gulf Time National Takaful Company (Watania) on Thursday announced financial results for 2021 that ended December 31, 2021, reporting a net profit of AED 7.6 million and achieved total comprehensive income of AED18.8 million for FY21 as compared to AED 20.1 million for FY20. Gross written contribution of the company grew by 8.1% year-on-year to AED347.5 million ...

  Abu Dhabi / WAM Khalifa University partnered with Coursera Inc., one of the largest online platforms in the world, making its rich and relevant content accessible to Coursera learners worldwide. Khalifa University will launch six specialisations on Coursera in the second half of 2022, including Machine Learning and Deep Learning Methods: From Data to Decisions; Artificial Intelligence for Executives; ...

  DUBAI / WAM Pakistan celebrated its National Day at Expo 2020 Dubai showcasing its young musical talent, alongside a focus on strong bilateral ties, trade and economy. Najeeb Mohammed Al-Ali, Executive Director, Expo 2020 Dubai Commissioner General Office, welcomed Afzaal Mahmood, Ambassador of Pakistan to the UAE and Commissioner General, Pakistan Pavilion. Al-Ali said, “The Pakistan Pavilion ignites meaningful ...

Bloomberg India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s shift to clean energy. “We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,” the renewable energy ministry said ...

  Bloomberg LG Energy Solution will invest around $2 billion on increasing output in North America as the South Korean battery maker ramps up production to meet rising demand for electric cars. LG will spend about $1.5 billion on a joint venture plant with Stellantis NV in Canada, the Seoul-based firm said in a company filing, without disclosing the exact ...

  Bloomberg Germany’s ruling coalition agreed on additional measures worth about $16.5 billion to ease the burden on businesses and households from soaring energy costs, including a temporary reduction in fuel prices. Chancellor Olaf Scholz’s government will cut the tax on fuel for three months by 30 euro cents ($0.33) for gasoline and 14 cents for diesel, Finance Minister Christian ...

  Bloomberg TotalEnergies SE is working on a plan to develop gas discoveries in South Africa with its partners and the government, according to its managing director in the country. The oil major starting in 2019 has made discoveries of gas and condensate — a light liquid hydrocarbon — offshore the most industrialised nation in Africa. After overcoming strong offshore ...

  Hanging tough against Vladimir Putin was never going to be cost free. Energy prices are soaring, firms are pulling out of Russia and those that stay are at risk of nationalisation. There’s concern about global food supplies. Recession chatter has started, even as the world economy is still mopping up from the last one. It would be foolish to ...

Inflation is coming for consumers’ pricey pandemic habits. Whether choosing restaurant dinners delivered to their door or at-home meal kits, many Americans have prioritised convenience over cost for the past two years. Food-delivery was a big beneficiary. Some of the top platforms including DoorDash Inc and Uber Eats enjoyed triple-digit growth rates, supercharged by Covid fears and the suspension of ...

  When Rishi Sunak ditched his Thatcherite principles to flood the UK economy with public spending during the pandemic, he fully expected to roll back the largesse soon after. Instead, Britain’s Chancellor of the Exchequer found himself announcing successive new rounds of spending increases and raising taxes to their highest in more than 70 years. Sunak set out to bring ...