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  Abu Dhabi / WAM Adnoc maintained in 2023 its position as the UAE’s most valuable brand for the fifth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s brand value increased by 11% year-on-year to reach $14.2 billion in 2023, an Adnoc statement said on Wednesday. Adnoc Brand Strength Index ...

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) announced on Wednesday the signing of a shareholder agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the Ta’ziz Industrial Chemicals Zone. The move is a further step in ...

  Abu Dhabi / WAM Abu Dhabi Distribution Company (ADDC) has signed a memorandum of understanding in collaboration with the General Authority of Islamic Affairs & Endowments (Awqaf) to invest approximately AED20 million in a project that will optimise air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced it has signed a contract with Distant Imagery, a UAE-based environmental technology company, to plant 2.5 million mangrove seedlings across Abu Dhabi using innovative drone planting technology adopted by the Environment Agency – Abu Dhabi (EAD). The new contract signed at the Abu Dhabi Sustainability Week (ADSW) ...

  Bloomberg The writing was on the wall when Britain finalized its break from the European Union: The UK sorely lacked the battery manufacturing capability that would be absolutely critical to the auto industry’s future, leaving the country’s already declining car sector in a make-or-break bind. The failure of Britishvolt Ltd. to get past the stage of developing prototypes for ...

  Bloomberg The European Union will need to ask member states to make fresh contributions to the bloc’s budget to fund a growing list of priorities, including support for its industries and addressing fallout from the war in Ukraine, the EU executive arm’s top economy official said. “We need in a sense to replenish the EU budget, because many of ...

Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an ...

  Bloomberg The top US and China economic officials held their first face-to-face meeting Wednesday, pledging to improve communication as a way to avoid more serious confrontation during a period of heightened tensions. “We share a responsibility to show that China and the United States can manage our differences and prevent competition from becoming anything ever near conflict,” US Treasury ...

Bloomberg Serbia, traditionally one of Russia’s closest allies in Europe, is trying to put some distance between itself and Moscow as the war in Ukraine strains ties between the two countries and their leaders. In an interview in Belgrade, President Aleksandar Vucic dismissed territorial claims in Ukraine by Vladimir Putin and predicted the “worst is yet to come” for the ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, have discussed the cooperation between their countries and ways of developing them in various fields to serve their mutual interests. They also reviewed a number of issues of mutual concern. At the beginning of the meeting, which took ...