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Bloomberg Germany is taking control of Russian oil major Rosneft PJSC’s German unit, including stakes in three oil refineries, as Chancellor Olaf Scholz reacts to the unprecedented energy crisis sparked by the invasion of Ukraine. Grid regulator BNetzA will become trustee of RN Refining & Marketing GmbH and Rosneft Deutschland GmbH, which account for around 12% of Germany’s oil processing ...

Bloomberg Even as Vladimir Putin admitted that Xi Jinping had concerns about the war in Ukraine, the Russian leader’s comments on Taiwan may ultimately matter more to his Chinese counterpart. During their first in-person talks since the Ukraine war began, Putin on Thursday blasted what he called “provocations by the US and its satellites in the Taiwan Strait,” while reiterating ...

ABU DHABI / WAM The United Arab Emirates has been ranked first in the Mena region and 11th globally in the 2022 Quality Infrastructure for Sustainable Development Index report issued by the United Nations Industrial Development Organization (UNIDO) and the International Network and Quality Infrastructure (INet QI). The UAE, listed in the L group of countries (those with a GDP ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Naseer Ahamed, Special Envoy of the Sri Lankan President and Minister of Environment of Sri Lanka. The visit aimed to discuss ways of cooperation in the renewable and clean energy sector, as well as the key projects, initiatives and programmes to ...

  ABU DHABI / WAM The United Arab Emirates welcomed a US initiative to establish a fund to meet the needs of the Afghan people and contribute to strengthening economic stability in the country. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) stated that the UAE welcomes the announcement by the United States and a number of international partners ...

Bloomberg Russian President Vladimir Putin told his counterpart Xi Jinping he understands Beijing’s “questions and concerns” about his invasion of Ukraine, as the Chinese leader said the two countries could “inject stability and positive energy to a world in chaos.” In their first in-person talks since the war began, Putin hailed “the balanced position of our Chinese friends on the ...

  Bloomberg US railroads and unions reached a tentative deal on Thursday, a breakthrough that looks to avert a labour disruption that risked adding supply-chain strains to the world’s largest economy. After 20 straight hours in the latest round of talks — which included President Joe Biden and other administration officials — the companies and union negotiators reached a preliminary ...

  ABU DHABI / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi. Adnoc produces some of the world’s least-carbon intensive crude and the company is further reducing ...

  ABU DHABI / WAM The Ministry of Economy, represented by The Entrepreneurial Nation, has launched a new initiative to attract Small and Medium Enterprises (SMEs) to the UAE and help promote their growth and local and global expansion. The initiative has been launched in collaboration with Flat6labs, a leading seed and early stage venture capital firm based in Abu ...

  ABU DHABI / WAM Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, in partnership with SeaWorld Parks & Entertainment, announced it has reached 90 percent construction completion of the next-generation marine-life theme park, SeaWorld Abu Dhabi, Yas Island’s latest mega-development. The development, which is due to open in 2023 as the latest addition to Yas Island’s tourism ...