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Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the International Renewable Energy Agency (IRENA), the global platform for international cooperation on renewable energy, on Saturday announced that $25 million in concessional loans from ADFD have been earmarked for two solar PV projects, one each in Mauritius and Rwanda. Announced ...

DUBAI / WAM Digital consumption in the Middle East and North Africa region is growing at one of the fastest paces in the world, driven by a large population, fast-improving mobile connectivity and a flood of new streaming platforms in the market, according to an EY report commissioned by the Dubai World Trade Centre (DWTC). The report was published ahead ...

Bloomberg China is stepping up its policing of international companies such as Inditex SA-owned Zara and Delta Air Lines Inc. and demanding they respect the government’s position on long-standing territorial disputes from Taiwan to Tibet. The Cyber Administration Office in Shanghai said Zara listed Taiwan, an island that China claims as its own, as a separate country on its website. ...

Bloomberg Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens. “Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement on Saturday. The digital tokens “are prone to forming asset bubbles and tend to be used as method for money ...

Bloomberg While other mainstream auto brands head for sliding US demand this year, Jeep is rolling out new models to buck the trend and bring 16 straight months of sales declines to an end. Fiat Chrysler Automobiles NV’s most valuable brand is launching an all-new version of its iconic Wrangler sport utility vehicle in the first quarter, followed quickly by ...

Bloomberg Facebook Inc., seeking to calm creators of articles and video after announcing a change in how their work will be promoted in its news feed, sent an email pledging to help them adapt. Stories and clips that draw comments and likes or are shared by users are more likely to be seen, Facebook said. The company will also continue ...

Bloomberg Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor knew about the diesel scandal and whether any evidence was destroyed. The holding company’s board must answer five questions originally asked at its 2016 annual shareholders meeting, a Stuttgart court said in two rulings ...

Bloomberg President Donald Trump has handed European allies an ultimatum to revamp the nuclear deal with Iran, something they have no intention of doing, posing a potential new conflict with other world leaders. “This is a last chance,” Trump vowed in a statement announcing that he’d waived economic sanctions tied to the 2015 accord a final time: “No one should ...

Abu Dhabi / WAM The Zayed Future Energy Prize has officially set a Guinness World Record title for the ‘Largest Environmental Sustainability Lesson’, it was announced on Wednesday. A total of 282 students from across the UAE took part in the sustainability-themed lesson at the Ritz-Carlton Abu Dhabi, presented by Illac Angelo Diaz, Executive Director of Liter of Light, the ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Dubai Sports Council, on Wednesday honoured the winners of the 9th Mohammed bin Rashid Al Maktoum Creative Sports Award at a ceremony at the Dubai World Trade Centre (DWTC). The Award is an entity ...