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Gazprom curtails gas flows to Italy by one third in further cut

  Bloomberg Russia’s Gazprom PJSC will further cut gas supplies to Italy by about one third, the country’s energy giant Eni SpA said in a statement on Monday. Gazprom announced that it will supply Eni with approximately 21 million cubic meters of natural gas per day, compared to an average of about 32 million cubic meters per day over the ...

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Sri Lanka president to resign after protesters storm house

Bloomberg After months of persistent street protests over fuel shortages, surging prices and financial mismanagement, Sri Lankan leader Gotabaya Rajapaksa is finally on the verge of being ousted. The president fled to an undisclosed location shortly before demonstrators stormed his official seaside residence in the face of tear gas and rubber bullets. In dramatic scenes, they wandered through the rooms, ...

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UAE cabinet approves paid leave for citizens to start a business

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting, which was held at Qasr Al Watan, Abu Dhabi on Thursday. The meeting was attended by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime ...

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Zayed University, HFDAP to enhance academic innovation

Abu Dhabi / WAM Zayed University (ZU) signed a memorandum of understanding (MoU) with the Hamdan bin Rashid Al Maktoum Foundation for Distinguished Academic Performance (HFDAP) to support innovative thinking skills and creativity within academic institutions. The initiative aims to enhance academic excellence and provide ZU students with the skills and knowledge, to better achieve their future aspirations and contribute ...

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Adma rolls out region’s first integrated maritime logistics certificate

  Dubai / WAM Abu Dhabi Maritime Academy (Adma), the maritime education and training arm of AD Ports group, announced on Thursday that it has rolled out a Maritime Logistics Certificate, the region’s first integrated certificate allowing trainees to work on a broad spectrum of maritime economics and shipping industry modules. This certificate comprises four core/mandatory units, including the introduction ...

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World needs to spend $110bn a year to curb methane releases

Bloomberg The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases and avoid the worst of climate change, a new study has found. The potent greenhouse gas is responsible for nearly half of net global warming to date, yet just 2% of global climate finance is directed towards curbing releases of the ...

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Johnson quits after months of scandals hammer UK Tories

Bloomberg Boris Johnson has resigned as UK prime minister, bringing the curtain down on a tempestuous three years in office marred by a succession of scandals that culminated in the rebellion of his own cabinet and parliamentary group. Johnson, 58, bowed to the inevitable after the mass resignation of members of his government, including Chancellor of the Exchequer Rishi Sunak, ...

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AD Ports-SEG JV to set up logistics, food trading hub in Uzbekistan

  Tashkent / WAM AD Ports group announced the launch of a joint venture with SEG, one of the largest oil and gas companies in Uzbekistan, to open new logistics and freight businesses and signed a memorandum of understanding (MoU) to develop a food trading hub in Uzbekistan. At a signing ceremony in Tashkent, the two companies signed the key ...

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Emerge, Miral to deliver clean energy to ‘SeaWorld Abu Dhabi’

  Abu Dhabi / WAM Emerge, a joint venture between the UAE’s Masdar and France’s EDF, announced on Wednesday that it has signed an agreement with Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park currently under construction on Yas Island. The project, which will have ...

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Barakah plant provides clean electricity, solution for climate change

  Abu Dhabi / WAM Energy security has rapidly become the number one priority for nations around the world in light of current geopolitical issues leading to rapidly escalating energy prices. These rises, coupled with spiralling inflation, are adding pressure to many national energy systems around the world and the knock-on impact for consumers cost of living is clear. However, ...

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