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  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) awareness initiatives and programmes have supported energy and water conservation and educating society about the importance of protecting natural resources and reducing our carbon footprint. Dewa’s conservation activities have gained the support of its audiences with an increased turnout and positive impact. Saeed Mohammed Al Tayer, MD & CEO of ...

  Dubai / WAM Al Jalila Foundation, a member of the Mohammed bin Rashid Al Maktoum Global Initiatives, on Friday announced that it has been granted approval to receive charitable donations in cryptocurrencies, making it the first healthcare charity in the UAE to accept donations in digital money. Al Jalila Foundation also announced that it has partnered with a leading ...

Bloomberg Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test. Officials are in discussions with companies on “how we can alleviate the immediate real pressure on businesses and households,” after gas prices surged and following ...

Bloomberg Hungary’s obstinate approach towards negotiating sanctions against Russia are undermining European Union unity and weakening the bloc’s position on the world stage, a senior Czech official said. Czech Minister for European Affairs Mikulas Bek said Hungarian Prime Minister Viktor Orban’s stonewalling against efforts to pass a sixth package of EU sanctions, including an embargo on most Russian oil, had ...

Bloomberg Argentina’s government is expecting record export levels this year as the nation benefits from the surge of commodity prices. South America’s second-largest economy is forecast to export $90 billion of goods this year, according to a senior government official who asked not to be named to discuss unpublished projections. That would be at least a 15% jump from last ...

Bloomberg Slumping US new car sales in May on continued high prices and low inventories have some analysts worried those lower-than-expected results could be a harbinger of a broader economic downturn. Sales of new cars last month fall to 12.8 million vehicles at a seasonally adjusted annualized rate, representing an 11% drop from April, according to data compiled by Wards ...

Bloomberg Toronto home prices fell for the third straight month, as rising interest rates spur an abrupt reversal in a city recently at the heart of one of the world’s hottest housing markets. The average selling price for a home in Canada’s largest city fell 3.1% in May to about $939,000 on a seasonally-adjusted basis, according to data from the ...

  Bloomberg Telecom Italia SpA is seeking an enterprise value of around 20 billion euros ($21.5 billion) for the landline network it plans to sell to Italy’s state lender and a group of international funds, according to people with knowledge of the matter. The company’s shares rise as much as 5.9% and traded up 4.5% in Milan following Bloomberg’s initial ...

  Abu Dhabi / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (Adnoc) and the region’s largest shipping and logistics company, announced on Thursday its decision to purchase three additional liquefied natural gas (LNG) vessels. Adnoc L&S is the region’s largest shipping and integrated logistics company and the ...

  Ajman / WAM Ajman Free Zone (AFZ) announced a remarkable growth of 45 percent in its e-commerce sector since the beginning of this year, reaffirming AFZ’s position as a global business hub with advanced solutions and state-of-the-art facilities. The announcement was made during AFZ’s attendance in the Seamless Middle East 2022 conference. The latest results can be attributed to ...