DUBAI / WAM Today, the world is witnessing an increasing demand to invest in clean and renewable energy sources, which will change the global energy scene in the next few years using environmentally friendly and relatively low-cost energy sources. In line with this global trend, green hydrogen for power generation and supporting development in several vital sectors is increasing. ...

ABU DHABI / WAM The United Arab Emirates has announced $5 million in humanitarian assistance to benefit civilians impacted by the situation in Ukraine. The contribution is made to the United Nations’ Humanitarian Flash Appeal and the Regional Refugee Response Plan for Ukraine and is a reflection of the UAE’s emphasis on humanitarian solidarity in conflict settings. The UAE has ...

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), chaired the meeting of the board, held on Wednesday in Qasr Al Watan. Sheikh Mansour welcomed the meeting’s participants and thanked the Central Bank of the UAE ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the leading international financial centre, on Wednesday hosted a delegation of high-profile business leaders from Israel, as the two countries continue to explore bilateral growth and investments opportunities. The forum was hosted as part of Abu Dhabi’s long-term economic commitment to attract and retain new businesses and investors to its hub, ...

  ABU DHABI / WAM Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, has announced its financial results for the 12 months period ended on December 31, 2021. It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up year-on-year. ...

  Bloomberg Malaysia’s state oil company Petroliam Nasional Bhd. swung to profit in the final three months of 2021, due to a smaller impairment loss, higher earnings and elevated crude oil prices. Petronas posted net income of 13.4 billion ringgit ($3.2 billion) in the December quarter, versus a 1.1 billion ringgit loss a year earlier, the company said. Revenue climbed ...

  Bloomberg Gazprom PJSC, the Russian state-controlled energy giant, is already in the process of settling a $1.3 billion debt due on Monday. The company wired the cash to the settlement bank, which will probably release the funds on March 4, a person familiar with the matter said, declining to be identified because the information is private. Gazprom also has ...

There are many ways in which Russian President Vladimir Putin has made the world a more dangerous, brutish and frightening place. One is by raising the potential for nuclear Armageddon. Two scenarios stand out. The first involves the short term; the other, the long. In the short term, we’re all hoping his latest nuclear threat is just a bluff. During ...

Nike Inc is so on trend right now. By making its hottest sneakers harder to find, it’s on its way to becoming more a top-end name, like Gucci or Louis Vuitton, than a mainstream product. That’s of immense value to both the sportswear giant’s brand equity and its profits. And with American luxury on a tear, it’s a strategy the ...

  Something still feels broken in the labour market. There are many jobs and wages are up. But there is also a sense of uncertainty and misery. Service jobs can be grueling, and despite recent growth, people’s wages over the course of their careers aren’t increasing as fast as they once did — especially when you account for inflation. And ...