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ABU DHABI / WAM Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure, stated that the UAE has expanded its clean energy sector in record time due to its laws and legislation that encourage investment in current developments and future projects. The country also drafted ambitious future goals, through the launch of the National Energy Strategy 2050, ...

Abu Dhabi / WAM Environment Agency – Abu Dhabi (EAD) has recorded a 22 percent increase in the number of Oryx in the protected area, in comparison to previous studies. EAD conducted an aerial survey for the Arabian Oryx Protected Area, last November, confirming the success of the Sheikh Mohamed bin Zayed Arabian Oryx Reintroduction Programme which was launched in ...

Bloomberg Orsted A/S, the biggest developer of offshore wind farms, plans to spend 350 billion Danish kroner ($57 billion) by 2027 to be the world’s leading green energy provider. The Danish firm faces increasing pressure from utilities as well as oil majors that aim to be major players in the transition to clean energy, an area it pioneered when it ...

Bloomberg Thousands demonstrated against a Chinese university’s planned campus in Budapest, saying the project reflects Hungarian Prime Minister Viktor Orban’s disregard for democratic values. Mayor Gergely Karacsony led the protest against the government-backed $1.8 billion plan, which has mobilised opposition supporters in the capital ahead of next year’s general election. The rally was the first opportunity for residents to protest ...

Bloomberg The Group of Seven (G-7) rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on US tech giants such as Amazon Inc and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a US demand for a minimum corporate tax rate of “at ...

Bloomberg Italy may get the first part of a more than 200 billion-euro ($243 billion) European Union (EU) pandemic recovery-fund package as soon as next month, Il Messaggero cited Public Administration Minister Renato Brunetta as saying. The country stands to receive 25 billion euros “between July and August,” the newspaper quoted him as saying in an interview. Measures approved recently ...

Bloomberg UK companies are on a hiring spree after the government relaxed lockdown rules, employing permanent staff at the fastest pace in 23 years and advertising the most vacancies in three years. The figures from consultant KPMG and online job placement agency Adzuna add to evidence that the economy is bouncing back strongly from last year’s recession. That will feed ...

Bloomberg Canada’s labour market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. The economy lost 68,000 jobs in May, Statistics Canada reported in Ottawa. That adds to the 207,100 positions lost in April. The unemployment rate rises to 8.2%, from 8.1%. Economists in a Bloomberg survey had predicted a loss of 25,000 jobs, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised the UAE’s unwavering position towards supporting Libya and achieving the aspirations of its people towards stability, development and unity. This was stated when His Highness Sheikh Mohamed bin Zayed received on Saturday ...

FUJAIRAH / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has praised Fujairah’s vital and economic role due to the directives of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. These directives are aimed at creating a conducive investment environment by developing its port, raising its ...