January, 2021

• 19 January

  TBHF funded 39 projects in key sectors in 15 countries in 2020

  

  Sharjah / WAM In a tumultuous year marked by economic and social upheavals worldwide as nations battled the unprecedented Covid-19 pandemic, and compounded by tragic disasters such as the Beirut port blasts and several natural calamities including devastating floods in Sudan, The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation, rose to the forefront of spearheading an international philanthropic ...

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• 19 January

  Daman reopens branches

  Abu Dhabi / WAM The National Health Insurance Company – Daman, announced the reopening of branches and service points nationwide in addition to extended operating timings and working on Saturdays across its Abu Dhabi branches. The plans are a part of Daman’s plan to gradually return and enhance its in-person operations in line with the pandemic recovery phase. This first ...

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• 19 January

  DMC completes 80% of phase 1 infrastructure works

  

  DUBAI / WAM Dubai Maritime City (DMC), DP World’s purpose-built maritime centre, has announced that infrastructure works in Phase 1 of its commercial district are nearing completion. Almost 80 percent of the construction of the AED140 million road and infrastructure works of the development’s first phase have been completed. The site is set to become a major hub for maritime ...

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• 19 January

  Arctic blast to prop up energy prices

  

  Bloomberg The first cold blast this winter that propelled European power and gas prices to their highest levels in years may be about to dissipate, but its impact will be felt for months to come. From a snow storm in Madrid to record spikes in the UK power market as wind dropped — the weather has been the main driver ...

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• 19 January

  India’s Adani to raise $2.5b from Total green deal

  

  Bloomberg Indian billionaire Gautam Adani is raising $2.5 billion from a deal that includes the sale of a minority stake in his renewables business to French energy giant Total SE, a transaction that may help the tycoon cut group debt. Paris-based Total will acquire 20% of Adani Green Energy Ltd and a board seat as well as a 50% stake ...

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• 19 January

  India’s fuel demand makes shaky start

  Bloomberg Indian energy demand got off to a shaky start in the new year with sales of transport and cooking fuels over the first two weeks of 2021 declining from a month earlier. The sale of diesel — the country’s most-used fuel and a proxy for economic health — dropped during January 1-15 by 6.6% from the same period in ...

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• 19 January

  On day one, Biden can start winning midterms

  

  In a few days, Joe Biden, Chuck Schumer and Nancy Pelosi will take possession of the most coveted prize in US politics: unified control of the federal government. They shouldn’t expect it to last — and they should govern that way. That means moving both aggressively (to get people back to work) and cautiously (to avoid the kind of overreach ...

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• 19 January

  Will cheap transatlantic flights return?

  

  The pandemic has ended a plucky attempt to break the stranglehold that carriers like British Airways and Delta Air Lines Inc have on the transatlantic market. Norwegian Air Shuttle ASA’s decision to cease long-haul services to ensure its survival won’t surprise anyone familiar with its years-long struggle to make money. But this may not be the end of attempts to ...

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• 19 January

  Total stops lobbying against its own future

  Honestly, it hasn’t been a great month for Franco-American energy relations. First, a Texas Railroad Commissioner fired off a jeremiad at Engie SA for turning up its nose at US gas. Now Total SE, the French oil champion, is pulling out of the big kahuna of industry lobbyists, the American Petroleum Institute (API). The move is a bombshell but one ...

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• 19 January

  China is an economic winner, not a leader

  China’s recovery from the depth of the Covid-19 slump is impressive, and the country will almost certainly be the only major economic power to end 2020 in positive territory. Another world-beating expansion is expected this year. But for all the superlatives, Beijing is years away from becoming a global economic leader. Gross domestic product rose 6.5% in the fourth quarter ...

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