April, 2019

• 10 April

  Trump’s trade spat with China squeezes Europe

  Donald Trump isn’t shy about using trade as a weapon to get what he wants. He has slapped tariffs on $250 billion of Chinese goods as he tries to deliver what he claims will be an “epic” trade deal for the American people. Now he’s using a similar playbook against Europe, just as it prepares to start trade talks with ...

  Read More »
• 10 April

  Why a fight about energy in 2040 matters right now

  

  When I use Google Maps, it gives me several options, but I usually take the one it highlights without thinking too much about it. Do energy and climate road maps work the same way? Some 60-odd signatories representing a swath of investment funds, scientific institutions, and think tanks suggest they do, in a recent letter to Fatih Birol, executive director ...

  Read More »
• 10 April

  Dan Loeb can walk his way to victory at Sony

  

  Activist investor Dan Loeb is having a second crack at Sony Corp. His Third Point LLC is building a stake in the Japanese electronics and entertainment conglomerate, with a view to pushing for change, Reuters reported, citing sources it didn’t name. Shareholders loved the news, driving the company’s Tokyo shares up as much as 7.4 percent on April 9 after ...

  Read More »
• 10 April

  How stigmatising diesel hurts the environment

  

  File this under “unintended consequences.” The anti-diesel campaign that followed the 2016 discovery that Volkswagen AG used software cheats to understate its cars’ nitrogen oxide emissions has led to a rise in carbon dioxide, which has a greater impact on the climate. In 2017, CO2 emissions from new cars were higher than the previous year for the first time since ...

  Read More »
• 10 April

  UAE, an ‘attractive’ investment haven

  

  ABU DHABI / WAM The CEO of NATIXIS, a global Asset Management Company with $1,008 billion in assets under its management, described the UAE as an “attractive” investment haven. “The UAE for us is an attractive place, no doubt. It is classified as an emerging market. You have stability and you have a long term view of economic development,” Jean ...

  Read More »
• 10 April

  Aldar launches new waterfront development

  

  Abu Dhabi / WAM Aldar Properties PJSC (Aldar) announced the launch of its latest waterfront development, Lea – located on the northern shores of Yas Island. Offering land plots starting at AED 990,000 and sizes ranging from 405 square metres – 1,800 sqm, and available for purchase by all nationalities, sales will commence at Cityscape Abu Dhabi, running from April ...

  Read More »
• 10 April

  Production at UAE’s first alumina refinery begins

  

  Dubai / WAM Emirates Global Aluminium (EGA), on Wednesday announced the start-up of Al Taweelah alumina refinery, a strategic growth project that expands the industrial giant’s business upstream in the aluminium value chain. Alumina is the feedstock for aluminium smelters and is refined from bauxite ore. Once full ramp-up is achieved, Al Taweelah alumina refinery is expected to produce some ...

  Read More »
• 10 April

  China unveils design for Expo 2020 pavilion

  

  DUBAI / WAM The design of the Chinese Pavilion for Expo 2020 Dubai was unveiled on Wednesday in Dubai, in the presence of Ambassador Ni Jian of the People’s Republic of China in the UAE, Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau and Zhang Yi, Deputy Secretary-General of China Chamber of International Commerce. Among other attendees were more ...

  Read More »
• 10 April

  MBRSC, NatGeo to document UAE’s journey into space

  

  ABU DHABI / WAM National Geographic on Wednesday announced a four-year partnership with the Mohammed bin Rashid Space Centre (MBRSC), to document the UAE’s journey into space. In a four-part documentary series, National Geographic (NatGeo) will present to the world the UAE’s rise into space, its achievements and ambitions. The series is set to capture the essence of why and ...

  Read More »
• 10 April

  UAE top growth market in GCC for LatAm, Caribbean traders

  

  PANAMA CITY / WAM Trade flows between GCC countries and Latin America and the Caribbean (LAC), reached $16.3 billion in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by the Inter-American Development Bank (IDB), in cooperation with the Dubai Chamber of Commerce and Industry. The report, entitled ...

  Read More »