Masonry Layout

Apple supplier BYD aims to make tablets in Vietnam this month

Bloomberg Apple Inc supplier BYD plans to begin commercial production of iPads this month in northern Vietnam after a trial run started in May, according to a provincial government official. The production of the tablets is a boost for a country expected to benefit as electronics manufacturers seek alternatives to China. “The factory has been running a trial phase since ...

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Good monsoon outlook in India tempers ‘export curb’ fears

  Bloomberg Ample rice reserves in India, the world’s biggest exporter of the food staple, and expectations for bountiful monsoon rains should allay concerns about the possibility of any “drastic” measures to curb exports, according to National Commodities Management Services Ltd. Global markets are fretting that rice may be next on the agenda after India restricted wheat and sugar exports. ...

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Rajapaksa vows to finish term, not to stand for re-election

  Bloomberg President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite monthslong street protests calling for his ouster, but won’t stand for re-election as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis. “I can’t go as a failed president,” Rajapaksa said in a wide-ranging interview at his ...

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UAE president reviews measures to boost productivity, sustainability

Dubai / WAM As part of his field tours in various emirates, President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited the International Centre for Biosaline Agriculture (ICBA) in Dubai, which specialises in agricultural research aimed at enhancing agricultural productivity and sustainability in saline and marginal environments. Upon his arrival, His Highness Sheikh Mohamed bin Zayed was received by ...

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Masdar to develop ‘mega projects’ in Azerbaijan

  Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, signed implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 megawatts (MW) — as an exclusive concession. Under the agreements, Masdar also has the right to ...

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EDB to highlight its unique role in UAE’s financial sector

  Dubai / WAM Emirates Development Bank (EDB), the financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced its participation in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry. EDB is a Gold Sponsor of the event, which is taking place on 7th-8th June in Madinat Jumeirah, ...

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US orders refiners to boost biofuel quotas after gasoline prices surge

  Bloomberg The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar. The US Environmental Protection Agency (EPA) is requiring refiners to mix 20.63 billion gallons of renewable fuels into gasoline and diesel this year — ...

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Russia strikes Kyiv for first time since April

Bloomberg Several explosions took place in the Ukrainian capital on Sunday with no casualties reported, Kyiv authorities said, while air defense forces shot down another Russian missile in the region. Kyiv was last struck around the end of April. The situation in the eastern Luhansk region, where Russian troops continue to storm the city of Sievierodonetsk, remains “extremely difficult,” Governor ...

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Sheikh Khalifa’s journey was full of pioneering initiatives, decisions

  Abu Dhabi / WAM The late Sheikh Khalifa bin Zayed Al Nahyan’s journey was full of pioneering initiatives and decisions that focused on improving the lives of the UAE’s citizens and residents, as well as achieving the country’s supreme objectives and priorities. Sheikh Khalifa bin Zayed Al Nahyan was close to the late Sheikh Zayed bin Sultan Al Nahyan, ...

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Adnoc lists 4th consecutive record-setting IPO on ADX

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Friday listed their petrochemicals joint venture Borouge plc, on the Abu Dhabi Securities Exchange (ADX), following the completion of Abu Dhabi’s largest-ever initial public offering (IPO) and the Middle East’s largest-ever petrochemicals listing. The IPO, which raised gross proceeds of more than ...

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