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  Abu Dhabi / WAM EQT has announced that the EQT Infrastructure III and IV funds (EQT Infrastructure) signed an agreement to sell a minority stake in GlobalConnect to Mubadala Investment Company (Mubadala). Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider to enterprises, public institutions, and consumers in Northern Europe. The company was ...

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) launched Food Import and Export Management Information System (Fiemis) during its participation in Gitex Technology Week 2022. The platform allows food import and export services through the Advanced Trade and Logistics Platform (ATLP) operated by Abu Dhabi Ports’ Maqta Gateway and under the Abu Dhabi Department ...

  FLORENCE / WAM Alessia Bertini, Deputy Mayor of Florence, Italy, has presented the Key to the City of Florence to HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation”, for her efforts in ...

  Bloomberg Indonesia may only need $37 billion to shut down its coal-fired power plants, even if the bill doesn’t include building renewable energy to take their place. That $37 billion worth of financing would be enough to buy out future revenues of 118 existing coal plants and up to 10 years of contracted coal power generation, meaning Southeast Asia’s ...

Bloomberg North Korea test-launched a short-range ballistic missile, fired barrages of artillery and flew about 10 warplane near the inter-Korean border, saying its actions were a stern warning to South Korea for recent military moves. The missile was launched at 1:49 a.m. Friday from an area near Pyongyang’s main international airport. It flew for about 700 kilometers (435 miles), hitting ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday the award of a contract worth $980 million (AED3.6 billion) to Adnoc Drilling to hire two jack-up offshore rigs and associated manpower and equipment. The contract, awarded by Adnoc Offshore, will support the expansion of Adnoc’s production capacity as it responds to the growing global demand ...

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) announced on Thursday a comprehensive 2030 environmental, social and governance (ESG) strategy. The ESG strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals and is a credible step towards achieving its net-zero ambitions by 2050. Under the strategy, Taqa has committed to a ...

  Dubai / WAM Zayed University and Oracle on Thursday signed a memorandum of understanding (MoU) at Gitex Global 2022 to expand their partnership into innovative new technologies. This builds on Zayed University and Oracle’s existing 15-year partnership. As part of the new agreement, Oracle will support Zayed University on its digital transformation strategy in the areas of artificial intelligence, ...

Bloomberg At least 15 countries mainly of the Nato military alliance, including the U.K. and the Netherlands, have signed a letter of intent to join a long-term German project to create a European anti-missile shield that would boost protection for much of the continent. The system will have several layers to intercept various kinds of missiles from different heights, possibly ...

  Bloomberg A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing households and pushing the Federal Reserve towards another steep interest-rate hike. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labour Department data showed on Thursday. ...