February, 2022

• 21 February

  Issues regarding Sharjah Sports Council discussed

  

    SHARJAH / WAM The Sharjah Consultative Council (SCC) discussed issues of the Sharjah Sports Council at the tenth session of the third ordinary session for the tenth legislative term at its headquarters in the city of Sharjah chaired by Ali Mehd Al Suwaidi. The SCC praised the vision and approach of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, ...

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• 21 February

  Nakheel pledges to cut single-use plastic

    Dubai / Gulf Time Following the announcement of the Dubai Can initiative from His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Nakheel, world-leading master developer, marked its participation in the city-wide initiative, by allocating free drinking water stations across Palm West Beach, Nakheel Mall and Dragon Mart, ...

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• 21 February

  Cuban minister explores ways to boost cooperation with ADFD

  

    Abu Dhabi / WAM Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received Malmierca Diaz, Minister of Trade, Foreign Investment and International Cooperation of Cuba, at the ADFD headquarters in Abu Dhabi. Present at the meeting were Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; Roberto Blanco, Ambassador of Cuba to the UAE; ...

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• 21 February

  Controversial $5b Ethiopia dam begins producing power

  

  Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, ...

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• 21 February

  Coal India says output may suffer without a price hike

  

    Bloomberg State-run miner Coal India Ltd warned production of the fuel may be hampered, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices. The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the ...

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• 21 February

  CR Power picks banks for renewable unit’s Hong Kong listing

  

    Bloomberg The renewable energy arm of China Resources Power Holdings Co has picked banks including ABC International Holdings Ltd and China International Capital Corp for an initial public offering in Hong Kong, according to people familiar with the matter. The power generation company’s unit is also working with HSBC Holdings Plc and Morgan Stanley on a proposed first-time share ...

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• 21 February

  Top oil refiner sees India’s green hydrogen push halving costs

  

    Bloomberg Indian Oil Corp Ltd, the country’s biggest oil refiner and a large user of hydrogen, expects prices of the cleanest form of the fuel to halve after the government scrapped fees on wheeling renewable power across the country. The offer to waive transmission charges on green energy from one state to the other can reduce costs by as ...

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• 21 February

  China should remember lessons of Nixon visit

  

    China’s leaders could be forgiven for gloating a little next week, the 50th anniversary of President Richard Nixon’s historic visit to Beijing. Their nation was arguably the biggest winner from Sino-American rapprochement. But it’s in danger of forgetting what made that victory possible. In February 1972, the country on which Nixon bet the equivalent of a geopolitical house was ...

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• 21 February

  Hong Kong’s brain drain causing pain

  

  Hong Kong officials have typically reacted with nonchalance to questions about the city’s record population exodus. Financial flows show the territory retains its hub status, business confidence is unshaken, those departing are denying themselves a role in a prosperous future. Or so some of the familiar arguments run. The Securities and Futures Commission’s (SFC) staffing struggles offer a different perspective. ...

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• 21 February

  When investors are the first casualties of war

    The Ukraine crisis may yet produce the biggest war in Europe since 1945. Or it may produce some strange new hybrid of cyberattacks, “little green men” and maskirovka (military deception) that won’t quite match our preconceived notion of war. Or — though this now seems the lowest-probability scenario — President Vladimir Putin may turn out to be Russia’s answer ...

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