August, 2023

• 6 August

  UK Green subsidies need revamp to meet net zero: SSE

  

  BLOOMBERG The UK may need to overhaul its renewable energy subsidy auctions to deliver on its net zero target, according to the head of utility SSE PLC. While Britain has long been the world leader in offshore wind power, projects have been put at risk by rapidly falling subsidies that can’t match rising prices. Swedish developer Vattenfall AB shelved a ...

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• 6 August

  India’s IndiGo posts record profit on soaring demand, go failure

  

  BLOOMBERG IndiGo, India’s biggest airline, posted record quarterly profit in the three months through June, as the demand for travel surged and a smaller competitor’s insolvency funneled a windfall of business. The carrier reported net income of 30.87 billion rupees ($374 million) in the quarter, almost double analysts’ forecast of 17.6 billion rupees, it said in a stock exchange filing. ...

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• 6 August

  Ethiopian Air-backed carrier to start in Nigeria by October

  

  BLOOMBERG An airline established by Ethiopian Airlines Group in partnership with institutional investors and the Nigerian government plans to start operations in the West African nation as early as October. The airline, named Nigeria Air, will start with a combination of two wide-bodied planes and six narrow-bodied aircraft, Mesfin Tasew, chief executive officer of Ethiopian Airlines said in an interview ...

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• 6 August

  Top court in India suspends Rahul Gandhi’s conviction

  

  BLOOMBERG India’s top court stayed Rahul Gandhi’s conviction in a high-stakes defamation case, enabling the opposition leader to seek his reinstatement as a lawmaker and to contest general elections due next year. In their judgment, a three-person Supreme Court bench said that Gandhi’s conviction impacts not only him, but also “the rights of the electorate who have elected him to ...

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• 6 August

  Former Thai PM seen in Cambodia after delaying return from exile

  

  BLOOMBERG Former Thai Prime Minister Thaksin Shinawatra appeared in Cambodia to celebrate the birthday of the nation’s leader, after delaying a return to his home country amid political turmoil. The 74-year-old, who has lived in self-imposed exile for 15 years, visited the neighbouring nation, ruled by strongman leader Hun Sen, to celebrate the premier’s 71st birthday, according to local news ...

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• 6 August

  Dubai Customs builds workforce capabilities with training

  

  DUBAI / WAM Dubai Customs places utmost importance on training and developing its personnel in various areas of customs work, which has a direct bearing on Dubai’s comprehensive advancement, said Mohammed Al Ghafari, Executive Director of Human Resources Division at Dubai Customs. “The organisation carried out 1,285 training courses during the first half of this year, including 1,136 online courses ...

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• 6 August

  Maktoum bin Mohammed announces launch of MoF’s strategic plan 2023-2026

  

  DUBAI / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, on Sunday announced the launch of the Ministry of Finance’s Strategic Plan 2023-2026. It is a roadmap to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development. The Ministry of ...

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• 6 August

  UAE ministry and Trends  Research Center sign pact

  

  ABU DHABI / WAM In a move to strengthen the nation’s climate and environmental sustainability goals, the Ministry of Climate Change and Environment has signed a memorandum of understanding with Trends Research and Advisory. The agreement aims to enhance cooperation between the two entities in various sectors related to the environment, sustainability, and other shared interests. The goal is to ...

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• 6 August

  UAE leaders wish Jamaican Governor-General on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Patrick Allen, Jamaica’s Governor-General, on his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...

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• 4 August

  UAE President issues federal decree appointing Under-Secretary of Ministry of Justice

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree appointing Abdulrahman Mohammed Al Hammadi as Under-Secretary of the Ministry of Justice. Al Hammadi served as Under-Secretary of the Ministry of Education for Control and Support Services since 2015. He also held a number of leadership positions in the Adnoc Group, ...

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