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Atlantic Council Global Energy Forum to be held on March 28

  ABU DHABI / WAM The Atlantic Council announced on Friday that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from March 28-29. The forum, which is part of Abu Dhabi Sustainability Week, will also be hosted in conjunction with the 2022 World Government Summit a major global convening focused on the tools, policies, ...

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Dubai, Malaysia to enhance relations in tourism sector

  DUBAI / WAM Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing met on Friday with YB Dato Sri Haji Abd Karim Rahman Hamzah, Minister of Tourism, Arts, Culture, Youth and Sports Sarawak, Malaysia and his accompanying delegation, at Dubai’s Department of Economy and Tourism (DET). During the meeting, they discussed a number of topics of common interest ...

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DCD, FDF conclude first phase of VR initiative for seniors

  DUBAI / WAM The Department of Community Development (DCD) in Abu Dhabi has concluded the first phase of the Virtual Reality (VR) initiative for the elderly, in cooperation with the Family Development Foundation (FDF). The experiment witnessed the participation of senior citizens and residents and was designed to explore the impact of VR and modern technology in strengthening communication ...

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Shell says trading results in gas stronger, but oil weaker

  Bloomberg Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse. It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds ...

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Putin’s troops go in as Kazakh leader orders protesters shot

  Bloomberg Kazakhstan’s president said he’s ordered security forces to shoot protesters “without warning” as he declared victory with Russia’s help in crushing unrest sweeping the central Asian nation. “Those who don’t surrender will be destroyed,” President Kassym-Jomart Tokayev said in a televised address to the nation Friday. He rejected all calls for negotiations with the protesters, calling them “criminals, ...

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Toronto’s real estate market witnesses record year in 2021

  Bloomberg Toronto, a city of more than 6.5 million people, has just 3,200 homes left for sale to start the year after a real-estate frenzy fuelled by low interest rates drove the market to record levels. More than 121,000 homes were sold in Canada’s biggest city in 2021, up 28% from the previous year and smashing the previous high ...

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Italy offers bond sale ahead of market risks from Draghi to ECB

  Bloomberg Italy is trying to lock in historically low financing costs at the start of a year where inflationary and political pressures could spell an end to super easy borrowing conditions. Rome offered a new 30-year bond via banks, kicking off Europe’s first sovereign syndicated deal of 2022. Initial price guidance was at eight basis points above comparable bonds, ...

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Google, Facebook slapped with French privacy fines over cookies

  Bloomberg Alphabet Inc’s Google was slapped with a record French fine of $170 million by the nation’s privacy watchdog, together with a 60 million-euro fine for Meta Platforms Inc’s Facebook, over the way the companies manage cookies. CNIL, France’s data protection authority, issued the companies with a three-month ultimatum “to provide internet users located in France with a means ...

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UK carmakers see sales rebound as chip crunch eases

  Bloomberg UK automakers expect sales to rebound this year as the semiconductor shortage eases and demand for battery-powered vehicles grows. The Society of Motor Manufacturers and Traders (SMMT) estimates new-car registrations in Britain will climb 19% to 1.96 million in 2022. The group said it will update that forecast — formulated shortly before the emergence of the highly transmissible ...

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AD Ports launches new services company for Kizad communities

  Abu Dhabi / WAM AD Ports Group has launched Kizad Communities Development and Services Company, a project that aims to champion the staff wellbeing across the full value chain. Kizad Communities will provide integrated solutions for staff residential communities, including new developments, new services, and property management solutions. The new project will take on the operations of the existing ...

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