December, 2020

• 1 December

  Angola eyes investments from UAE to spur growth

  

  Dubai/ WAM The UAE has been identified as a key market where Angola is looking to attract foreign direct investment in a wide variety of economic sectors, such as agriculture and agroindustry, fisheries, and manufacturing, government and business leaders have revealed. Their comments came during the recent “Expand Your Business to Angola” webinar organised by Dubai Chamber of Commerce and ...

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• 1 December

  Sheikha Fatima salutes mothers, families of martyrs

  

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) sent a message of pride and gratitude to the mothers and families of martyrs on the occasion of the annual Commemoration Day on November 30. In ...

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• 1 December

  Banks waive AED869m debts of 1,607 Emiratis

  

  ABU DHABI / WAM The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that participated included First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard Chartered, RAKBANK, Commercial ...

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• 1 December

  Agthia set to become regional F&B leader after Al Foah deal

  

  ABU DHABI / WAM Agthia Group held its 15th General Assembly Meeting on Monday, during which the company’s shareholders approved the proposed strategic combination with Al Foah Company LLC, the world’s largest date processing and packaging company. Aghhia is a food and beverages company owned by General Holding Corporation (Senaat) — part of ADQ, one of the region’s largest holding ...

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• 1 December

  DP World, Jafza host webinar for Japanese companies in UAE

  

  DUBAI / WAM DP World, UAE Region and Jebel Ali Free Zone (Jafza), have organised a webinar for Japanese companies operating in the UAE. The webinar shed light on the initiatives taken by them to tackle the unforeseen challenges that arose due to the Covid-19 pandemic, ensuring business continuity and promoting the well-being and safety of the community. The webinar ...

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• 1 December

  Eskom set to face charges for misleading regulator

  

  Bloomberg Eskom Holdings SOC Ltd, South Africa’s biggest polluter, said it will be charged with supplying misleading information to a government air quality officer, exceeding emission limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. The 4,116-megawatt facility had its pollution abatement equipment damaged during a 2018 strike and has since been the subject of a ...

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• 1 December

  UK’s National Grid to trial gas network with hydrogen

  

  Bloomberg National Grid Plc is starting a hydrogen research facility to test how Britain’s gas transmission network can be used to transport hydrogen to heat homes or applied to industry. The 12.7 million-pound ($17 million) project will receive almost three quarters of its funding from Ofgem as part of the energy regulator’s Network Innovation Competition, announced on Monday, with the ...

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• 1 December

  US targets China oil giant after South China Sea row

  

  Bloomberg China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters. China National Offshore Oil Corp (CNOOC), the nation’s main deepwater explorer, is among four companies to be added to a list of firms owned or controlled by the ...

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• 1 December

  Nord Stream 2 pipeline construction to restart

  

  Bloomberg Construction work on the Nord Stream 2 gas pipeline in the Baltic Sea will resume this week, despite US sanctions designed to end the pipeline that will bring Russian gas to Germany. Pipelaying on the 9.5 billion-euro ($11.2 billion) link will restart on December 5 after being halted for a year because of the sanctions, Nord Stream 2 company ...

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• 1 December

  The Joe Biden era will be neither normal nor boring

  

  Having spent the past four years with the political equivalent of heavy metal music blasting outside their psychic windows late into the night, millions of Americans are hoping that the Biden administration will usher in a new era of calm. They are likely to be disappointed. To a limited extent, such wishes will be granted. Under President Joe Biden, the ...

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