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Bloomberg Foreign investors are piling back into Taiwan’s market thanks to expectations of slower global rate hikes, helping make the benchmark gauge one of the region’s best performers this month. The stock rebound and influx of foreign capital come ahead of local elections, with polls serving as a show of confidence in the ruling Democratic Progressive Party ahead of a ...
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November, 2022
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25 November
Oil falls as Russian price-cap talks drag on, demand lags
Bloomberg Oil falls for a second day as the European Union (EU) considered a higher-than-expected price cap on Russian crude and evidence mounted of challenges to demand. West Texas Intermediate slipped below $78, trading in a narrow range and with volumes thin due to a US holiday. EU diplomats are locked in negotiations over how strict the Russian mechanism should ...
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25 November
UAE’s Rashid Rover set for launch on November 30
Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) confirmed a new date for the launch attempt of the Emirates Lunar Mission. The inaugural launch of the Rashid Rover is now scheduled to take place on November 30 at 03:39 AM Eastern US Time or 12:39 PM UAE time. In collaboration with the partners – SpaceX and ispace, ...
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25 November
ADFD inks $29m deal with Argentina for water project
Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) signed a financing agreement with the Argentine government for an AED105.8 million ($28.8 million) project to build modern water plants and rehabilitate and expand existing water stations in 26 villages in Cordoba province. The agreement was signed by Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development; and ...
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25 November
EGA buys clean energy certificates for 1.1mn megawatt hours of electricity
Abu Dhabi / WAM Emirates Global Aluminium (EGA) purchased Clean Energy Certificates for 1.1 million megawatt hours of electricity supplied by Emirates Water and Electricity Company (Ewec), supporting EGA’s production of CelestiAL solar aluminium. The certificates track the use of solar power from Noor Abu Dhabi, one of the world’s largest single-site solar power plants. Noor Abu Dhabi is ...
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25 November
Abu Dhabi, Kyrgyzstan keen to support female entrepreneurs
Abu Dhabi / WAM The Abu Dhabi BusinessWomen Council (ADBWC) has received a delegation from the Women’s League of Central Asia (Kyrgyzstan Republic) to promote the development and diversification of economic and bilateral partnerships between women entrepreneurs in Kyrgyzstan and the UAE. The meeting was attended by Asma Al Fahim, Chairwoman of the ADBWC; Noor Al Tamimi, member of ...
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25 November
Dewa’s Hatta water reservoir 75.9% complete
DUBAI / WAM Dubai Electricity and Water Authority (Dewa) announced that the water reservoir project it is building in Hatta is 75.9% complete. The project has a storage capacity of 30 million imperial gallons (MIG) at a cost of approximately AED86 million. It is expected to be complete in April 2023. Saeed Mohammed Al Tayer, MD and CEO of ...
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24 November
US, UAE find pluralism, diversity as source of national strength
ABU DHABI / WAM In the United States and the UAE, pluralism and diversity are a source of national strength, a senior US diplomat told the Emirates News Agency (WAM). “I believe that in both the United States and in the UAE, as the US National Security Strategy states, ‘pluralism, inclusion, and diversity are a source of national strength in ...
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24 November
Added digitally links free zones to create a unified database
Abu Dhabi / WAM As part of its ongoing initiatives and efforts to improve business environment and develop a single platform for economic licences, the Abu Dhabi Department of Economic Development (Added), has completed the e-link project with four freezones including Kezad group, which consist of 12 economic zones, Abu Dhabi Airports Free Zone, the Media free Zone- Abu ...
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24 November
eSafe announces int’l conference on safety of children in digital world
Abu Dhabi / WAM The Emirates Safer Internet Society (eSafe) has announced the launch of its first international conference to discuss methods for the safety of children online and responsible use of smart devices entitled, “Children’s Well-being in a Digital World”, on February 6, 2023, at the Anantara Eastern Mangroves Abu Dhabi. The event will be organised under the ...
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