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  ­­­Bloomberg The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal. The energy-market shockwaves from Russia’s invasion of Ukraine mean the world is only getting more dependent on the most-polluting fuel. And as demand expands and prices ...

  Bloomberg Beijing wants India to reaffirm the “One China” policy as it seeks to shore up regional support after US House Speaker Nancy Pelosi’s visit to Taiwan, which triggered aggressive military drills by the Chinese military around the island. “We hope that the Indian side could openly reiterate its One China policy like many other countries,” Sun Weidong, China’s ...

VICTORIA / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan discussed with Wavel Ramkalawan, President of the Republic of Seychelles, the various aspects of bilateral relations and the means to strengthen and develop them in light of the development priorities of the two friendly countries, especially in trade, investment, tourism, and other sectors. This was stated during a ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received at Qasr Al Bahr Majlis a youth delegation representing various entities. During the meeting, His Highness Sheikh Mohamed bin Zayed exchanged friendly talks with the delegation’s members and congratulated them on the occasion of the World Youth Day, which falls on August 12 every year. ...

  ABU DHABI / WAM Shamma bint Suhail Al Mazrouei, Minister of State for Youth Affairs and Vice President of the Arab Youth Centre (AYC), said the UAE believes in the youth and is enhancing its leading stature as a destination for life and work for young people. In her statement on World Youth Day, she stressed that in the ...

  Bloomberg RWE AG is investing more than it originally planned on building renewable energy capacity to make Europe more energy independent as a worsening crisis threatens the region’s economy. Germany’s biggest power producer plans to spend more than 5 billion euros ($5.2 billion), on green technologies this fiscal year, including wind, solar and batteries, as well as ramping up ...

  Bloomberg Russia defied growing international pressure to grant United Nations inspectors immediate access to Europe’s largest nuclear plant amid fears of a catastrophe over shelling of the area in Ukraine occupied by Kremlin forces. The UN’s International Atomic Energy Agency has warned of a “real” risk of nuclear disaster at the Zaporizhzhia plant in southeastern Ukraine because of repeated ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030. The five-year contract was awarded by Adnoc Offshore ...

  Sharjah / WAM Dana Gas on Thursday announced its financial results for the half year ended 30th June 2022. The company generated a net profit of AED407 million or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED225 million in H1 2021. The gains in Dana Gas’s profitability in ...

  Abu Dhabi / WAM A new generation of the Emirati passports will be issued from September 1, the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), announced. It represents a new technological leap in line with the directions of the wise leadership to consolidate the movement towards the smart government to maximise the civilised status of the ...