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  Bloomberg Westpac Banking Corp will slash oil and gas as well as cement industry lending by 2030 as it joins an initiative to reduce emissions. The lender will aim for a 23% reduction in scope one, two and three emissions by 2030 from firms involved in oil and gas exploration, extraction or drilling, Westpac told investors. It will also ...

Bloomberg Alibaba Group Holding Ltd may attract at least $16 billion of Chinese money by shifting to a primary listing in Hong Kong, strategists say, getting a much-needed boost as its stock struggles to bottom out. The move paves the way for the e-commerce giant to be included in the city’s trading links with mainland bourses, allowing an influx of ...

  Bloomberg Stocks and US equity futures rallied on Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting. Contracts on the tech-heavy Nasdaq 100 were up about 1.7%, while major technology and internet stocks advanced in premarket trading after reassuring reports from Alphabet Inc, ...

  ABU DHABI / WAM A team of researchers from NYU Abu Dhabi’s Advanced Microfluidics and Microdevices Laboratory (AMMLab) have developed a new kind of Atomic Force Microscopy (AFM) probes in true three-dimensional shapes they call 3DTIPs. AFM technology allows scientists to observe, measure, and manipulate samples and micro and nanoscale entities with unprecedented precision. The new 3DTIPs, manufactured using ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced a partnership with Clara, a LegalTech startup that offers automated legal services for startups. The partnership will support Hub71-based startups and provide them with access to Clara’s innovative digital platform, facilitating the complex legal processes involved in setting up, growing and exiting a startup. Under the agreement, ...

Dubai / WAM IFZA Dubai has entered into a partnership agreement with the Commercial Bank of Dubai (CBD) to provide IFZA free zone companies with quick and convenient access to banking services and financial solutions. Through this partnership, the free zone companies will be able to conveniently and efficiently open special corporate bank accounts as well as obtain personalised services ...

  SHARJAH / WAM Sharjah Airport has witnessed a 142.74% rise in the passenger traffic during the first half of 2022, accounting for approximately 6 million travelers. Additionally, the airport saw a considerable growth in the number of flights, with a total of 41,189 aircrafts operating in H1 this year compared to 21,709 in the same period of last year, ...

Abu Dhabi / WAM Adnoc Logistics and Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), announced on Tuesday the acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges. Financial details of the transaction are not being ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced a partnership with Clara, a LegalTech startup that offers automated legal services for startups. The partnership will support Hub71-based startups and provide them with access to Clara’s innovative digital platform, facilitating the complex legal processes involved in setting up, growing and exiting a startup. Under the agreement, ...

  Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD) continues its pioneering mission since its establishment in 1971, achieving many milestones in various fields, as the total funds, investments and deposits of the fund reached AED185.2 billion by the end of June 2022. The strong positive impact achieved underscores the fast-paced growth of ADFD’s development & investment ...