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  Dubai / WAM Under the patronage of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the second edition of Al Burda Festival opened at the Dubai Exhibition Centre, Expo 2020 Dubai. Organised by the Ministry of Culture and Youth, this year’s edition of Al Burda Festival takes place under the theme “Transcending Spaces, ...

  Abu Dhabi / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Monday the opening of its latest Adnoc service station in KSA – the first to fully showcase the company’s modern fuel and retail convenience offering with an integrated Adnoc Oasis store, car wash and lube change. During the first half of 2021, Adnoc Distribution ...

  Abu Dhabi / Gulf Time Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced today the opening of its latest Adnoc service station in KSA – the first to fully showcase the company’s modern fuel and retail convenience offering with an integrated Adnoc Oasis store, car wash and lube change. During the first half of 2021, Adnoc Distribution ...

  Bloomberg Europe is bracing for energy shortages as freezing weather sets in, boosting demand and sending prices surging at a time when supply just can’t keep up. Temperatures are forecast to fall below zero degrees Celsius in several European capitals, straining electricity grids already coping with low wind speeds and severe nuclear outages in France. To make matters worse, ...

  Bloomberg Solar firms in China fell after a $2 trillion US economic plan with crucial climate provisions suffered a potentially fatal setback in Congress. Trina Solar Co fell as much as 7.7% and Longi Green Energy Technology Co slipped as much as 3.3% in Shanghai. The Build Back Better Act, rejected in a surprising decision by Senator Joe Manchin, ...

  The supply chain crunch has turned the once-staid world of manufacturing and industrials upside down. The imbalance is so severe that consumers are feeling the pain, as prices of raw materials and goods are thrown out of whack. Debates about inflationary pressures are raging. What more could go wrong? Well, a lot. Especially if the grease that makes the ...

The stimulus era is formally over. The Bank of England’s (BOE) surprise 15 basis point interest-rate increase finally moved the agenda from pandemic recovery onto fighting inflation. The pound rose nearly 1% versus the dollar and the entire gilt yield curve rose about eight basis points. The conditions were just too strong for the monetary policy committee to ignore any ...

  On September 3, 1939, Britain declared war on Nazi Germany. On Decmber 11, 1941, Germany declared war on the US. On August 8, 1945, Russia declared war on Japan. The point here is that for the best part of a thousand years, a convention prevailed that before one state waged war against another, it formally announced its intention to ...

  President Joe Biden’s signature economic legislation isn’t dead. In fact, if Democratic Party leaders could only bring themselves to make a few hard choices, Build Back Better could even get better. Momentum for the nearly $2 trillion bill has seemingly collapsed, with talks between Senator Joe Manchin and the White House breaking down and Senate Majority Leader Chuck Schumer’s ...

  Bloomberg Widespread flight delays in snowstorms and low visibility could occur once new 5G wireless service rolls out in early January, airline executives and aviation officials are warning with increasing alarm. The officials say the new wireless signals threaten to interfere with equipment on planes and helicopters that track aircraft altitude, which could prohibit landings in poor visibility and ...