ABU DHABI / WAM Edward Hobart, ambassador of the United Kingdom of Great Britain and Northern Ireland to the UAE, affirmed his country’s support for the UAE hosting of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP28) and UK’s active participation and engagement in the UN climate conference. “In COP28, we think ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Luis Arce Catacora of the Plurinational State of Bolivia, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His ...

DUBAI/GULFTIME News Highlights: Danube Properties sold out Elitz-2 within a month of its launch; guarantees 6% return on investment Danube Properties has so far launched 24 projects involving 11,529 units crossing AED10 billion so far; Danube Properties has delivered 4,555 so far units with a combined sales value of AED3.63 billion; The launch of the Elitz 3 projects comes after ...

ABU DHABI / WAM The Environment Agency — Abu Dhabi (EAD) and Emirates Nature-WWF are expanding on the success of their youth empowerment movement with the launch of the second edition of the Ambassadors for Nature Programme. This youth-focused programme starts its second cohort at the most opportune time, as the UAE prepares to host the crucial COP28 climate conference ...

BLOOMBERG Australia should consider extending a ban on TikTok from government devises to include WeChat, a panel of lawmakers said, in the latest move from Canberra to crack down on potential influence linked to Beijing. A Senate committee urged sweeping changes to Australia’s treatment of major tech firms in its final report. Among proposals are stricter transparency requirements on ownership ...

BLOOMBERG Results from Apple Inc and Amazon.com Inc after the recent close represent the next big hurdle for the market’s tech-fueled rally, and it may be the hardest to clear. Both stocks have been critical to the S&P 500’s advance this year, attracting investors with their relatively durable revenue streams and market dominance. But whether they can fuel further gains ...

BLOOMBERG India’s state-controlled nuclear power industry is considering allowing greater participation of private firms, with an aim to developing small modular reactors to help decarbonise industry. The country is reviewing its six-decade-old atomic energy law to allow more involvement from non-state companies,federal atomic energy minister Jitendra Singh said in a written reply to questions in parliament. India currently allows private ...

BLOOMBERG The UK may need to overhaul its renewable energy subsidy auctions to deliver on its net zero target, according to the head of utility SSE PLC. While Britain has long been the world leader in offshore wind power, projects have been put at risk by rapidly falling subsidies that can’t match rising prices. Swedish developer Vattenfall AB shelved a ...

BLOOMBERG IndiGo, India’s biggest airline, posted record quarterly profit in the three months through June, as the demand for travel surged and a smaller competitor’s insolvency funneled a windfall of business. The carrier reported net income of 30.87 billion rupees ($374 million) in the quarter, almost double analysts’ forecast of 17.6 billion rupees, it said in a stock exchange filing. ...

BLOOMBERG An airline established by Ethiopian Airlines Group in partnership with institutional investors and the Nigerian government plans to start operations in the West African nation as early as October. The airline, named Nigeria Air, will start with a combination of two wide-bodied planes and six narrow-bodied aircraft, Mesfin Tasew, chief executive officer of Ethiopian Airlines said in an interview ...