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Abu Dhabi / Gulf Time Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank (StanChart). EGA is amongst the first in the region to choose the accounts, which ensure cash balances are used to finance or refinance the sustainability progress elsewhere ...

Dubai / WAM Dubai Chamber of Commerce has announced the establishment of the Zimbabwean Business Council with a main objective of promoting commercial interests of Zimbabwe and Zimbabwean businesses in Dubai. The business council also aims to promote Zimbabwe-owned UAE-registered companies as well as their goods and services in the UAE. The launch of the council is in line with ...

  Dubai / WAM The International Committee of the Red Cross (ICRC) and The Big Heart Foundation (TBHF) have signed a grant agreement worth AED550,000 ($150,000) in support of the ICRC’s health operations in Pakistan. The two-month programme is expected to commence in January 2023 and end in February 2023 and will support the running of the ICRC’s mobile clinic, ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH) and the Make-A-Wish Foundation UAE (MAWF), signed a memorandum of understanding assisting the foundation to reach children with critical illnesses between the ages 3 and 18 years and grant their wishes to enrich them with joy, hope and strength during their medical treatment in the emirate’s healthcare ...

Bloomberg Soaring heating and electricity bills are pushing Europeans to find hacks that will cut their energy use and reduce costs. Mats Johansson installed 30 solar panels with a production capacity of 13.5 kilowatts on his house in Halmstad, southwest Sweden earlier this year. The nation has some of the highest rates of energy consumption per capita in Europe — ...

  Bloomberg With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernise ...

  Bloomberg PLDT Inc is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun. “The discussion also includes the possible replacement of certain projects that will be cancelled, with new projects that will improve revenue growth and customer ...

  Bloomberg Profits at industrial firms in China declined in the first 11 months of the year, as production slowed and factory-gate prices fell amid Covid disruptions. Industrial profits in the January-November period fell 3.6% from a year earlier, the National Bureau of Statistics (NBS) said. That compared with a decline of 3% in the first 10 months of the ...

Bloomberg Japan will require negative Covid-19 test results for travellers coming from China, as the country of 1.4 billion throws open its borders from January 8 and abandons its Covid Zero policy at a rapid pace. The policy will take effect from December 30, Prime Minister Fumio Kishida told reporters in Tokyo. Those who have been in mainland China within ...

Bloomberg South Korea sent drones across the border into North Korea for the first time, an unprecedented tit-for-tat military move after Kim Jong-un’s regime dispatched five unmanned aerial vehicles into its air space. The exchange of drones, which briefly stopped flights from taking off at major airports near Seoul, came as Kim opened a major political meeting to set security, ...