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Bloomberg Russia vowed to go ahead with the annexation of the parts of Ukraine that its troops currently control after UN-condemned votes, putting the Kremlin on a fresh collision course with the US and its allies. Russia will sign treaties to absorb the four regions in eastern and southern Ukraine at a Kremlin ceremony at 3pm Friday, President Vladimir Putin’s ...

  ABU DHABI / WAM Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED2.57 billion (20.57 fils per ...

  Muscat / WAM A delegation from the Emirates News Agency (WAM) on Wednesday signed a media cooperation agreement with the Oman News Agency (ONA), on the sidelines of the official two-day visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman. The agreement aims to strengthen their cooperation in exchanging news and organising ...

  ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. ...

  Bloomberg Shell Plc’s renewable energy division acquired Daystar Power, an off-grid services provider in West Africa, in its first acquisition of a power firm on the continent. The takeover, which awaits regulatory approval, will enable Shell renewable and energy solutions business to deliver carbon emission reductions and power cost savings to commercial and industrial businesses across Africa, according to ...

Bloomberg North Korea fired two short-range ballistic missiles into waters off its east coast, ramping up tensions a day before US Vice President Kamala Harris is set to visit the demilitarized zone that divides the two Koreas. The launches took place from the Sunan area near Pyongyang’s international airport at around 6:10 p.m. and 6:20 p.m. respectively Wednesday, South Korea’s ...

  Muscat / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with His Majesty Sultan Haitham bin Tariq, the Sultan of Oman, at Al Alam Palace in the Omani capital, Muscat. During the meeting on the first day of the UAE President’s state visit to the Sultanate of Oman, the two leaders spoke of the historical ...

  Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, inaugurated the 24th Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS). Wetex & DSS is organised by Dubai Electricity and Water Authority (Dewa) under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

  Dubai / WAM DP World Chairman and CEO Sultan Ahmed Bin Sulayem visited Pakistan last week, where he pledged logistics support and donated $2.5 million to help people in the south of the country following the recent devastating floods. After visiting flood-affected areas, the Chairman met with Pakistan’s President Arif Alvi and Chief of Army Staff General Qamar Javed ...

  Sharjah / WAM Etihad Credit Insurance (ECI) has established its new representative office in Sharjah to boost the country’s economic diversification programmes and support its export, re-export, and foreign investment to increase the non-oil trade contribution to the national GDP. The launching of the new representative office is aimed at expanding ECI’s reach in the northern emirate with the ...