ABU DHABI / WAM Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, on Monday signed a memorandum of understanding (MoU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil. The MoU builds on ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has again called on Public Joint Stock Companies (PJSCs), Private Shareholding Companies (PSCs), limited liabilities companies and private companies resident in the UAE to register for Corporate Tax. The call is especially important for companies and juridical persons with taxable income whose financial year started on June1, 2023, as the Corporate ...

SHARJAH / WAM Each year, more than 200,000 knowledge seekers and learners visit Sharjah Public Libraries (SPL). These visitors and members of SPL, who represent different nationalities and age groups and come in with diverse curiosities and interests, demonstrate the SPL’s increasingly important role in promoting literacy, cultural appreciation, and academic and scientific research in the UAE. The impressive visitor ...

BLOOMBERG China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist. The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, the People’s Bank of China (PBOC) said. The move came hours after authorities announced fresh stimulus ...

BLOOMBERG The renewable energy unit of South Korea’s SK Inc secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest. SK ecoplant Co received approval to use 1,078 square kilometres (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness wind energy to develop ...

BLOOMBERG Every morning, thousands of construction workers in Qatar start their day by soaking their uniforms in water. The two-minute ritual kickstarts an important process: When the workers are toiling outside — often at summer temperatures above 120F (48C) —  their uniforms can cool skin temperature by as much as 8C (14F), for up to seven hours. The uniforms are ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Sunday announced the successful undocking of Crew-6, which includes astronaut Sultan AlNeyadi, from the International Space Station (ISS). This marks the beginning of the crew’s return journey after the 6-month-long space mission. The Dragon Endeavour spacecraft carrying onboard Sultan AlNeyadi along with his Crew-6 crewmates, Nasa astronauts Stephen Bowen ...

ABU DHABI / WAM Over the course of a 6-month space mission on board the International Space Station (ISS), UAE astronaut Sultan AlNeyadi conducted over 200 advanced research experiments and studies that took about 585 hours in collaboration with 10 international space agencies and 25 esteemed UAE and global universities. The experiments covered a range of topics including the cardiovascular ...

ABU DHABI / WAM Emirati astronaut Sultan AlNeyadi succeeded in achieving qualitative and historical achievements, which consolidated the UAE’s regional and global position as the first Arab country to complete the longest space mission in the history of the Arabs, which lasted for six months on the International Space Station (ISS), and included conducting pioneering scientific experiments that contribute to ...

ABU DHABI / WAM The UAE Astronaut Programme is embarking on a new journey of achievements with the return of astronaut Sultan Al Neyadi from the International Space Station (ISS), following the successful completion of the longest space mission in Arab history, which lasted six months. Launched in 2017, the UAE Astronaut Programme prepares Emirati astronauts for manned missions to ...