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  Bloomberg RWE AG is investing more than it originally planned on building renewable energy capacity to make Europe more energy independent as a worsening crisis threatens the region’s economy. Germany’s biggest power producer plans to spend more than 5 billion euros ($5.2 billion), on green technologies this fiscal year, including wind, solar and batteries, as well as ramping up ...

  Bloomberg Russia defied growing international pressure to grant United Nations inspectors immediate access to Europe’s largest nuclear plant amid fears of a catastrophe over shelling of the area in Ukraine occupied by Kremlin forces. The UN’s International Atomic Energy Agency has warned of a “real” risk of nuclear disaster at the Zaporizhzhia plant in southeastern Ukraine because of repeated ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030. The five-year contract was awarded by Adnoc Offshore ...

  Sharjah / WAM Dana Gas on Thursday announced its financial results for the half year ended 30th June 2022. The company generated a net profit of AED407 million or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED225 million in H1 2021. The gains in Dana Gas’s profitability in ...

  Abu Dhabi / WAM A new generation of the Emirati passports will be issued from September 1, the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), announced. It represents a new technological leap in line with the directions of the wise leadership to consolidate the movement towards the smart government to maximise the civilised status of the ...

  DUBAI / WAM Dubai Future Foundation will host the world’s largest gathering of futurists in Dubai this year to anticipate what humanity’s future might look like across key areas – from the climate crisis to the continuous progress of artificial intelligence. Between October 10-12, 400 of the world’s leading futurists, experts and innovators will convene at the Museum of ...

Bloomberg Explosions at a Russian airbase in Crimea that Ukraine says destroyed nine fighter aircraft may indicate new Ukrainian offensive capabilities that complicate Kremlin efforts to support its invading forces, according to European intelligence officials and defense analysts. “In just one day, the occupiers lost 10 combat aircraft, nine in Crimea and one more in the direction of Zaporizhzhia,” Ukrainian ...

  Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), has directed providing urgent humanitarian aid and support to those affected by floods in Balochistan province of Pakistan. The ERC began the implementation of the first phase of the relief programme immediately to ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended June 30. The company reported a net income (Taqa-share) of AED4.3 billion, 50% higher than the prior year, with a greater contribution from the oil & gas segment. Taqa delivered a strong performance underpinned by its stable contracted and regulated utilities ...

  New York / WAM During a United Nations Security Council meeting on threats to international peace and security caused by terrorist acts, the United Arab Emirates called for the international community to redouble its efforts to eliminate all terrorist groups, particularly Da’esh and its affiliates. “Despite gains made in the elimination of Da’esh leadership, the transnational threat that the ...