March, 2023

• 29 March

  Adani flagship rallies as group rebuts debt repayment reports

  

  BLOOMBERG Adani Group shares rose on Wednesday after the conglomerate rebutted reports about its ability to repay debt. The group’s flagship Adani Enterprises Ltd rallied 8.7% while Adani Ports & Special Economic Zone Ltd added 7.3% as both firms posted their biggest rally since GQG Partners’ stake in the companies earlier this month. Other group companies also gained, paring earlier ...

  Read More »
• 29 March

  Ukraine wants sanctions on Russia’s nuclear energy sector

  

  BLOOMBERG Ukraine wants Russia’s nuclear energy sector and liquefied natural gas (LNG) to be part of future sanctions packages, Ukraine’s energy minister told Bloomberg Television. Ukrainian forces downed 14 out of 15 Shahed-type drones launched by Russian troops overnight, Ukraine’s General Staff said on Facebook. Twelve of the unmanned aircraft were shot down over Kyiv, the city’s military administration said. ...

  Read More »
• 29 March

  Terror attack in Northern Ireland ‘highly likely:’ UK

  

  BLOOMBERG The UK’s domestic intelligence agency, MI5, increased the terror threat level in Northern Ireland from substantial to “severe,” meaning an attack is deemed to be “highly likely” just as US President Joe Biden plans a visit to the region. “The public should remain vigilant, but not be alarmed, and continue to report any concerns they have to the Police ...

  Read More »
• 29 March

  India oppn unites in demanding Rahul Gandhi’s return as MP

  

  BLOOMBERG India’s fractured opposition parties are coming together to demand that Rahul Gandhi be reinstated as a lawmaker after he was convicted of defaming Prime Minister Narendra Modi. Lawmaker Manish Tewari, who is also a member of Gandhi’s Congress party, said there’s an “unprecedented closure of ranks” among the opposition on the politician’s ouster and they see it as an ...

  Read More »
• 29 March

  Philippines to cut contact with International Criminal Court

  

  BLOOMBERG The Philippines will cut contact with the International Criminal Court (ICC) after it denied the government’s request to suspend the probe on former leader Rodrigo Duterte’s deadly drug war, President Ferdinand Marcos Jr said. “That ends our involvement with the ICC,” Marcos said in a televised briefing, referring to the court. “At this point, we are disengaging from any ...

  Read More »
• 29 March

  France faces new pension strikes

  

  BLOOMBERG French unions hold a 10th day of nationwide protests on Tuesday to try to force President Emmanuel Macron to hit the brakes on his unpopular pension reform and open fresh talks. As concerns grow over mounting violence, labour organisations have blamed the government for creating an explosive situation. Marches ended in chaos, with hardcore fringes clashing with riot police. ...

  Read More »
• 28 March

  Borouge supplies AED120m worth of materials

  

  ABU DHABI / WAM Borouge is supplying sustainable “Made in UAE” polyethylene materials worth AED120 million that are used in several development projects across the Middle East and Africa regions. Borouge’s contribution to these mega projects is driven by collaboration with the local manufacturing companies who selected Borouge’s products due to their unique properties being the optimum materials to be ...

  Read More »
• 28 March

  ‘Energy transition needs $35trn funding by 2030’

  

  ABU DHABI / BERLIN / WAM The World Energy Transitions Outlook 2023 Preview calls for a fundamental course correction in the energy transition, Irena’s Director-General Francesco La Camera said at the Berlin Energy Transition Dialogue (BETD). Although global investment in energy transition technologies reached a new record of US$1.3 trillion in 2022, yearly investments must more than quadruple to over ...

  Read More »
• 28 March

  AD Ports’ revenue up 41% to reach AED5.5bn in 2022

  

  ABU DHABI / WAM AD Ports Group on Tuesday released its 2022 Integrated Annual Report with the Abu Dhabi Securities Exchange (ADX), following a successful year that included a listing on the ADX which was heavily oversubscribed. AD Ports Group continued to expand its global presence and service offerings, as well as launching new trade routes to improve global trade ...

  Read More »
• 28 March

  COP28 chief to speak at Berlin conference

  

  BERLIN / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, is currently on a visit to the German capital of Berlin to deliver a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) and meet with senior leaders and ministers from across the world. During the conference, Dr Al Jaber ...

  Read More »