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Emirates Business Abu Dhabi Islamic Bank (Adib), a leading financial institution, and Refinitiv, a London Stock Exchange Group business, on Monday announced that it has awarded AED 450.000 to three Islamic finance enterprises as part of its 6th edition of Ethical Finance Innovation Challenge and Awards (Efica) which was launched to recognise companies and individuals that successfully develop ground-breaking solutions ...
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November, 2021
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29 November
BP plans green hydrogen base in UK amid energy transition
Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce ...
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29 November
DiDi Global’s secrets risk China’s Wall Street future
A possible delisting of DiDi Global Inc at the behest of Beijing risks repercussions well beyond the fortunes of those who bought into the Chinese ride-hailing company. Tech companies from Tencent Holdings Ltd and SoftBank Corp to asset managers BlackRock Inc and Vanguard Group need to be prepared. In using national security as an excuse to reverse Didi’s June offering ...
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29 November
Omicron: Keep calm with vaccination
At least we’re learning. Remember when the early reaction to the outbreak of a deadly virus in Wuhan was to discourage people from changing their travel plans? South Africa’s government didn’t sit on information about a new worrying variant of Sars-CoV-2, which the World Health Organization (WHO) has now dubbed omicron. It didn’t downplay it. On the contrary, authorities shared ...
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29 November
Safe, clean water is the most fundamental in US
Now that President Joe Biden has signed the $550 billion infrastructure legislation, $15 billion will be spent to remove lead from the nation’s drinking-water systems. Of all the economic and social necessities in the spending package — from roadways and bridges to the power grid and broadband expansion — ensuring access to safe, clean water is perhaps the most fundamental. ...
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29 November
Macron is done being the UK’s border guard
Brexit was supposed to let the UK “take back control†of its borders from others, namely the European Union (EU). Yet, as with so many other simplistic slogans echoed by populist administrations around the world, it has managed to achieve the opposite. In Northern Ireland, it has threatened peace and created new political divisions over the compromises needed to avoid ...
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29 November
Omicron’s curbs from Japan to Spain wreak havoc on air travel
Bloomberg Airlines, passengers and businesses had to respond to a deluge of travel restrictions introduced to slow the spread of the omicron coronavirus variant. An initial spate of flight bans from southern Africa, where omicron was first detected, gave way to wider-ranging measures that will make travel more expensive and less convenient — if possible at all — recalling earlier ...
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29 November
Airbus has five weeks to deliver 100 more planes
Bloomberg Airbus SE needs to accelerate jetliner deliveries in December if it’s to reach a goal of shipping 600 planes this year, according to people with knowledge of the situation. The European manufacturer’s 2021 delivery tally reached 500 aircraft, according to the people, who asked not to be named before official numbers are published. That leaves Airbus about 100 short ...
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29 November
Uganda seeks to amend pact with China on airport-loan clauses
Bloomberg Uganda is seeking to amend a loan agreement it signed with China in 2015 to ensure the government doesn’t lose control of the nation’s only international airport, the Monitor newspaper reported, citing people with knowledge of the matter. The East African nation borrowed $200 million from the Export-Import Bank of China to expand the Entebbe airport, according to the ...
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29 November
UK’s billionaire Issa brothers may merge Asda, EG Group
Bloomberg Britain’s billionaire Issa brothers are considering merging UK grocer Asda Group with EG Group, their international chain of gas stations and convenience stores, people with knowledge of the matter said. The Issas are studying a range of strategic alternatives for EG Group, which they own together with buyout firm TDR Capital, the people said, asking not to be identified ...
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