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  Bloomberg A group of the world’s richest nations that pledged $8.5 billion in climate finance to South Africa wants the money to be used to retire coal-fired power plants, according to a senior U.S. official involved in the talks, damping suggestions some could be channeled to producing electric vehicles and green hydrogen. The funds pledged by the US, UK, ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, discussed by phone with the Russian President, Vladimir Putin, a number of regional and international issues, in the context of wider discussions which included earlier calls with the British PM, Boris Johnson, and French ...

  Dubai / WAM In line with international initiatives that promote innovative and sustainable agricultural practices to achieve sustainability and food security, the Brazilian Trade and Investment Promotion Agency (ApexBrasil) hosted the ‘Brazil-UAE Agri Talks,’ in association with the Arab Brazilian Chamber of Commerce (ABCC). The high-level event brought attention to the potential of the Brazilian agribusiness sector and UAE’s ...

  DUBAI / WAM Dubai International Financial Centre (DIFC) has launched a ground-breaking Artificial Intelligence (AI) and coding license in cooperation with the UAE Artificial Intelligence Office. The license, which is a UAE first, will advance the country’s Artificial Intelligence Strategy 2031, which aims to enhance the UAE’s reputation in this field by attracting AI companies and coders from around ...

  ABU DHABI / WAM Emirates Steel, the leading integrated steel plant in the Middle East, has sealed a Memorandum of Understanding (MoU) with Mauritania’s Société Nationale Industrielle Et Minière (SNIM) to look into the feasibility of creating a joint venture company to produce iron oxide pellets. Under the 18-month agreement, signed by Saeed Ghumran Al Remeithi, Group CEO of ...

Bloomberg Russia’s invasion of Ukraine is entering a new phase, promising a more deadly time ahead for the country’s civilians and its remarkably determined army, according to Western military officials. Early signs are that Russian commanders are abandoning the approach that marked the first days of the conflict, in which they relied on lightning strikes into cities they assumed would ...

  SHARJAH / WAM Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq), announced that it is currently considering investing in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar. Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and the US, ...

  ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agri-tech company, and AeroFarms, a Certified B Corporation and leader in indoor vertical farming, have signed a Memorandum of Understanding (MoU) to forge a long-term research and development collaboration involving knowledge and technology transfer of advanced farming systems to local farmers. Under the MoU, both parties will assess ...

  ABU DHABI / WAM Edge Group, an advanced technology group established to develop agile, bold and disruptive solutions for defence and beyond, announced its participation in the inaugural World Defense Show, being held in Riyadh, the capital of the Kingdom of Saudi Arabia, from March 6-9. EDGE is the region’s leading advanced technology company for defence and beyond, and ...

DUBAI / WAM School visit numbers to Expo 2020 Dubai — the world’s best classroom — have hit 500,000, as students from public and private schools across the UAE make the most of the myriad educational opportunities available across the site. As of February 25, 532,794 students had visited the site through the Expo School Programme. The Expo School Programme ...