January, 2022

• 13 January

  Dewa delegation visits Nasa Kennedy Space Centre in US

  

    FLORIDA / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), is leading a delegation to the United States to strengthen joint relations and exchange best global experiences and practices in space exploration and technology and related industries. Al Tayer’s delegation included Waleed bin Salman, Executive Vice President of Business Development and Excellence, ...

  Read More »
• 13 January

  UAE reports 982 new recoveries from Covid-19

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 300,893 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Read More »
• 13 January

  Abu Dhabi University awarded 5 QS Stars for online learning

  

    ABU DHABI / WAM Abu Dhabi University (ADU) has been recognised for its excellence in online learning, earning the highest rating of 5 stars by the prestigious Quacquarelli Symonds – QS Stars Rating for 2021. The ADU has achieved an outstanding overall score of 95 percent in the Online Learning category. It earned a full score in student-faculty engagement, ...

  Read More »
• 13 January

  UAE to establish 60 centres in Egypt to help people of determination

  

    ABU DHABI / WAM The Zayed Higher Organisation for People of Determination (ZHO) and ADQ, an Abu Dhabi-based investment and holding company, on Wednesday announced the launch of the ‘Bridges of Hope’ programme to support people of determination in Egypt. The joint initiative is in cooperation with the Egyptian Ministry of Youth and Sports (MOYS), which oversees the Office ...

  Read More »
• 13 January

  Covid-19: Energy price surge in Europe is squeezing consumers

  

    Bloomberg Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries. The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand ...

  Read More »
• 13 January

  EDF delays startup of a new nuclear reactor

    Bloomberg Electricite de France SA delayed the startup of a new nuclear reactor in western France that was already a decade late, and raised its budget for the project yet again. Fuel will now be loaded into the Flamanville-3 reactor in second quarter of next year rather than at the end of 2022, EDF said on Wednesday, citing complications ...

  Read More »
• 13 January

  Maersk targets faster cuts in CO2 emissions

  

    Bloomberg AP Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships. The container shipping giant said it will hit its goal of becoming carbon neutral in 2040, 10 years earlier than planned, and the target will now also cover indirect, so-called ...

  Read More »
• 13 January

  Can Beijing tolerate an EV battery monopoly?

  

    The world’s largest electric-vehicle (EV) battery maker is getting bigger. Whether it can maintain its global reign will come down to Beijing’s tolerance of a private enterprise’s monopoly in a key industrial sector. China’s Contemporary Amperex Technology Co (CATL) announced it was investing 24 billion yuan ($3.77 billion) to expand its battery production capacity in Sichuan province, maintaining its ...

  Read More »
• 13 January

  How to make ‘S’ in ESG more relevant

  

  Environment, social and governance investing is all the rage, but most all investment goes into the “E” and, to a lesser extent, the “G” and not the “S.” We neglect social-welfare investment at grave risk and for no good reason. But there is a way to quickly change this by making ESG meaningful for an urgent social good: speeding treatment ...

  Read More »
• 13 January

  PE firms will bend for a $21 billion grocery deal

    It’s private equity (PE) to the rescue. French big-box retailer Auchan couldn’t quite make a good enough offer to buy peer Carrefour SA when it tried a takeover last year. Now buyout firms may be on hand to juice up the bid. Securing a deal would involve the buyers making compromises. A willingness to do so suggests some desperation ...

  Read More »