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  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 ...

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 ...

  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 ...

  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, ...

  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 — ...

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 ...

  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, ...

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 ...

  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 ...