November, 2020

• 16 November

  FANR initiative to nurture future Emirati nuclear experts

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) announced the establishment of its Youth Council to nurture and support its future Emirati nuclear experts in the field of nuclear regulation. The council aims to provide an environment to empower the youth and nurture their ambitions and ideas, paving the way for developing the future generation of Emirati ...

  Read More »
• 16 November

  Aman net profit up 14% to AED9.9m in third quarter

  DUBAI / Emirates Business AMAN, the pioneer Takaful Insurance provider in the UAE since 2003, announces its financial results for the nine months period ended on September 30. AMAN recorded AED 9.9 million net profit attributed to Shareholders which is an increase of 14% compared to the same period of 2019 when it has achieved AED 8.7 million. The shareholders ...

  Read More »
• 16 November

  Environmental Tolerance Initiative launched in UAE

  

  DUBAI / WAM The Ministry of Climate Change and Environment(MoCCAE) on Sunday rolled out the Environmental Tolerance Initiative to mark Tolerance Week that runs from November 09-16 and to raise public awareness of eco-friendly behaviours and local environmental protection efforts. Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, said, “Tolerance is a key trait of the UAE ...

  Read More »
• 16 November

  UAE, Georgetown Institute to advance women’s participation in post-conflict reconstruction

  

  NEW YORK / WAM The UAE and the Georgetown Institute for Women, Peace and Security (GIWPS) have launched a new Research Report and a UN Action Plan to advance women’s participation in post-conflict reconstruction, following a year-long series of high-level panel discussions on the subject. Key areas of the discussions were focussed on included post-conflict governance, economic recovery and environmental ...

  Read More »
• 16 November

  China’s State Grid makes $3b push into Latin American firm

  

  Bloomberg State Grid Corp of China will pay 2.57 billion euros ($3 billion) for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad. The Spanish natural gas and power company Naturgy Energy Group SA said it agreed to sell its 96% stake in Chilean electricity networks unit ...

  Read More »
• 16 November

  PE firms seek novel ways to exit from oil investments

  

  Bloomberg Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit. Even with the recent vaccine-induced surge in oil prices, industry executives say initial public offerings — the traditional method for realising gains from private-equity consolidation and dealmaking — are unlikely. So one ...

  Read More »
• 16 November

  Enbridge faces new fight as Michigan seeks Line 5 shutdown

  

  Bloomberg Enbridge Inc’s battle with Michigan escalated as the governor took new legal action to shut down a key pipeline that supplies Central Canadian refineries. Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” a 1953 easement that allows Enbridge to operate under the Straits of Mackinac, which connect Michigan’s upper and lower ...

  Read More »
• 16 November

  India’s better tomorrow won’t fix issues right now

  

  India’s currency is strong, the stock market is surging, and long-term interest rates are under control. The technical recession that blighted the June and September quarters is probably already over. Prime Minister Narendra Modi has rolled out the red carpet for industries ranging from automobiles and solar panels to specialty steel. The iPhone supply chain is keen to set up ...

  Read More »
• 16 November

  France offers another hope on Covid

  

  When Nobel Prize-winning economists Esther Duflo and Abhijit Banerjee urged France’s Emmanuel Macron in September to impose a tough three-week circuit-breaker lockdown to halt the spread of Covid-19 in time for Christmas, they were politely ignored. Macron’s health minister, Olivier Veran, dismissed such planning as “pie in the sky” and said lockdowns were to be avoided. Six weeks later, the ...

  Read More »
• 16 November

  Zambia careening towards debt debacle

  Zambia has been careening towards a debt debacle for months, even years. Now it has become the first African nation to default on sovereign payments since the pandemic began. That’s bad news for everyone involved, from the bondholders who refused to agree to a standstill, to Chinese lenders, multilateral institutions and the government. A protracted restructuring lies ahead. More transparency ...

  Read More »