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  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) has announced the formation of Adnoc Gas, effective January 1, its new world-scale gas processing, operations and marketing company. The flagship company combines the operations, maintenance and marketing of the Adnoc Gas Processing and Adnoc LNG businesses into one global and market-leading consolidated business. As Adnoc grows its gas ...

  Geneva / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, headed the UAE delegation participating in a high-level international conference held in Geneva, which was organised by the Pakistani government and the United Nations. Held in the presence of Pakistani Prime Minister Shehbaz Sharif and UN Secretary-General António Guterres, the conference aimed to discuss efforts ...

  Sharjah / WAM The Xposure International Photography Festival is returning for its 7th edition, and it is set to be the biggest and best yet. Organised by the Sharjah Government Media Bureau, the festival will take place at the Expo Centre Sharjah from February 9-15, and features 74 world-renowned photographers and an impressive 1,794 prints on display. The agenda ...

  Bloomberg Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people ...

  Bloomberg China’s new regulation to increase scrutiny of companies’ foreign debt will become effective Feb. 10 in the market’s biggest overhaul since 2015. The effort will encompass debt instruments with tenors of over one year that are sold by Chinese firms or their controlled offshore entities, according to a Tuesday announcement on the National Development and Reform Commission’s website. ...

  Bloomberg Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter. The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till February 10 to negotiate broader ...

  Bloomberg Tokyo’s inflation outpaced forecasts to hit 4% for the first time since 1982, suggesting the underlying price trend is stronger than expected by economists, a factor that could further fuel speculation the Bank of Japan will adjust policy again. Consumer prices excluding fresh food climbed 4% in the capital in December as food and energy costs continued to ...

Bloomberg A day after Brazil’s capital was stormed by his predecessor’s supporters, President Luiz Inácio Lula da Silva worked from his office, where he met with the country’s governors as well as the heads of congress and the Supreme Court. “We are not going to allow democracy to slip out of our hands,” Lula said at the meeting. “They want ...

Bloomberg The European Union and Nato further solidified their relationship Tuesday when European Commission President Ursula von der Leyen, European Council President Charles Michel and Nato Secretary General Jens Stoltenberg signed a new joint declaration of cooperation. A top Biden administration official said a deal struck by the new Republican House majority to cap 2024 spending would not imperil aid ...

Abu Dhabi / WAM Gross banks’ assets, including bankers’ acceptances, rose by 0.9%, from AED3.583 trillion at the end of September 2022 to AED3.615 trillion at the end of October 2022, according to the central bank of the UAE (CBUAE). In its report on the monetary and banking developments in October 2022, the bank said that gross credit grew by ...