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Bloomberg Liz Truss quit as UK prime minister after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout. Truss, 47, said she was resigning after just 44 days in office, and is set to become the shortest-ruling prime minister in British history. ...

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received a phone call from Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy. HH Sheikh Abdullah and Borrell reviewed the importance of enhancing the values of tolerance, pluralism, respect and peaceful coexistence in ...

  Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $284 billion, has acquired a stake in Skyborn Renewables, the world’s largest private offshore wind developer, alongside Global Infrastructure Partners (GIP). The acquisition of a 100% interest in Skyborn Renewables provides GIP and co-investors, including Mubadala, with access to ...

Dubai / WAM Jebel Ali Free Zone (Jafza), in its report published on Wednesday, explained that the Gulf’s electronics and electrical sector has grown sharply in the last few years, driven by rising disposable income, tourism and deep internet penetration rates, making the region one of the most connected globally. Due to its strategic location, Dubai is one of the ...

Abu Dhabi / WAM A Mercer Institute report focused on measuring global pension indicators revealed that the UAE is ranked 25th in its annual study, which included 44 global pension systems, equivalent to 65 percent of the world’s population. The report monitored relevant indicators regarding retirement income systems around the world, and highlighted several proposals that could contribute to providing ...

Bloomberg President Vladimir Putin ordered dramatically heightened security, including restrictions on movement, in regions along the border with Ukraine as attacks have spread into Russian territory. Citing strikes in recent weeks in border zones and a bombing on his showcase bridge to Crimea, Putin told a televised meeting of his Security Council that he’s ordering stepped-up measures across much of ...

  ABU DHABI / WAM The UAE has expressed support for the statement by the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia regarding reviewing the status of oil markets and reducing production, noting that the decision was collective and based on the vote of Opec+. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) ...

  Abu Dhabi / WAM Procurement spend of Emirates Global Aluminium (EGA) totalled over AED17 billion in 2021, with 46 percent supplied by local companies. EGA’s largest expenditures are on raw materials. Last year, EGA joined the Ministry of Industry & Advanced Technology’s In-Country Value programme, which aims to redirect public and private procurement of products and services to the ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), inaugurated Dewa’s Ground Station at the Research and Development (R&D) Centre in the Mohammed bin Rashid Al Maktoum Solar Park. The independent ground station, which is part of Dewa’s Space-D programme, is capable of tracking and communicating with Dewas satellites at their ...

  Sharjah / WAM Beeah Environment Services, the environmental consulting, research, and innovation business of Middle East sustainability pioneer Beeah group, announced the launch of Marasi, a new online platform that will streamline, track and profile different types of waste from ports. Marasi is a complete solution that integrates all waste management requirements, from the point of arrival at the ...