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COP26: UAE, Pakistan ink deal to boost joint efforts in climate

GLASGOW / WAM The UAE and Pakistan signed a memorandum of understanding (MoU) to enhance cooperation in the fields of climate change mitigation and adaptation and environmental protection in line with the national legislations of the two countries. Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Malik Amin Aslam, Minister for Climate Change and Special Assistant ...

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Fertiglobe reports strong performance in Q3 2021

Abu Dhabi / WAM Fertiglobe on Monday reported that its Q3 2021 revenues increased 175 percent to $867 million and adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020. Thanks to strong earnings momentum, Fertiglobe — a strategic partnership between ADNOC and OCI headquartered in Abu Dhabi, announced that it has increased its ...

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AD Ports’ unit enters construction logistics, acquires 31 tipper trucks

Abu Dhabi / WAM Micco Logistics, a subsidiary of AD Ports Group, acquired 31 tipper trucks as part of its effort to offer broader integrated logistics support to the UAE’s construction and metals manufacturing sectors. The trucks will join Micco’s existing ground fleet of 400 plus vehicles that currently service several industry sectors, including the Pharmaceutical, Healthcare, Fresh and General ...

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Bouygues in talks to buy Engie’s Equans for $8.2b

Bloomberg French energy giant Engie SA entered exclusive talks to sell its services unit Equans to conglomerate Bouygues SA for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year. “Bouygues’ offer was the most compelling taking into account all criteria including financial valuation,” Engie, based near Paris, said in a statement. Bouygues ...

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Johnson faces UK parliament grilling over lobbying furore

Bloomberg UK Prime Minister Boris Johnson is battling a mounting backlash over his attempt to protect a Conservative lawmaker found to have broken lobbying rules, with Parliament set to hold an emergency debate. Johnson was forced to perform a U-turn following widespread condemnation — including from fellow Tories — of his decision to try to tear up Parliament rules rather ...

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Abu Dhabi implements plan for climate-smart agriculture

Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) announced the implementation of a comprehensive agricultural development plan aimed at increasing the efficiency of sustainable agricultural production in Abu Dhabi. The plan adopts the principle of regional planning of the emirate’s farms, so that the similar areas are identified in terms of development and resources, and ...

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UAE, Serbia keen to boost cooperation in education

BELGRADE / WAM Branko Ruzic, First Deputy Prime Minister and Minister of Education, Science and Technological Development of Serbia, received Hussain bin Ibrahim Al Hammadi, Minister of Education. Ruzic welcomed Al Hammadi, lauding the distinguished bilateral relations between the two countries and the continuous keenness to promote them for the benefit of the two peoples. Al Hammadi highlighted the Ministry ...

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EGA completes Al Taweelah smelter expansion

Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Sunday announced the completion of an expansion to the company’s Al Taweelah smelter in Abu Dhabi. The expansion added 66 new reduction cells in total to three potlines at Al Taweelah, boosting production capacity by some 78,000 tonnes of hot metal per year at one of the largest aluminium smelters in ...

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Johnson can’t duck Tory sleaze row as UK criticism mounts

Bloomberg UK Prime Minister Boris Johnson is facing growing criticism over his party’s conduct, as a former Conservative prime minister and opposition members speak out against him following a lobbying scandal. Johnson is “trashing the reputation of our democracy,” opposition leader Keir Starmer said in a BBC interview, after the prime minister outlined plans to overhaul rules on politicians’ behavior ...

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