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Abu Dhabi / WAM The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability at the core ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project is part of the Abu Dhabi Local Content Programme (ADLC) launched by the Industrial Development Bureau (IDB) to encourage the companies and establishments that ...

Abu Dhabi / WAM In line with its leading role in developing the energy sector and working on policies and regulations that support sustainable development in the emirate, the Department of Energy in Abu Dhabi (DoE) has signed a Memorandum of Understanding (MoU) with Khalifa University of Science and Technology. The agreement is aimed at strengthening partnerships with the government ...

When I was fresh out of the US Naval Academy in the mid-1970s, I was assigned to a destroyer that was preparing for a deployment to the western Pacific. Among many planned calls, one stood out: Keelung , at the northern tip of the island of Taiwan. It had a reputation as a welcoming port for navy warships — in ...

The last thing President Emmanuel Macron needs right now is a merger between two of France’s biggest employers ahead of an election. Given the manifest potential for job losses and reduced competition in essential groceries, it’s convenient that talks to combine hypermarket operators Auchan and Carrefour SA have stalled. But the political context will change, and the deal’s financial and ...

Profit margins will be more art than science this earnings season. Let’s see if investors like Picasso. In industries from consumer goods to manufacturing, virtually every line on the income statement is experiencing a degree of stress. In recent months, raw materials, labour and freight have become significantly more expensive and hard to come by. Struggling to keep up with ...

It’s almost enough to make you nostalgic for the early months of the pandemic. There was clarity of economic purpose: dramatic cuts in interest rates and big fiscal commitments. The outlook was so dire there were few plausible alternatives. Conditions are much more favourable now, and ironically, that makes the choices tougher. The economic recovery is looking a little shopworn. ...

Bloomberg Taiwan’s top military leadership warned China that the closer its aircraft and ships get to the island the harder Taipei will respond, raising the stakes for further escalation with Beijing. Taiwan will take tougher measures to fend off Chinese military sorties should they get too close to the Taiwanese mainland, according to a report by the island’s defense ministry ...

Bloomberg The International Court of Justice (ICJ) rejected Kenya’s territorial claims in a maritime border dispute with Somalia, in a ruling that may inflame tensions between the nations eyeing the area’s oil and gas reserves. The ruling read by Judge Joan Donoghue was largely in favour of Somalia, with the Hague-based court saying that there isn’t a boundary agreement between ...

Bloomberg If Russian journalist Dmitry Muratov thought winning the Nobel Peace Prize may protect him against a sweeping Kremlin crackdown on media it considers “foreign agents,” then President Vladimir Putin offered a sobering warning on Wednesday. “If he doesn’t violate Russian law, and if he doesn’t give a reason to be declared a foreign agent, then he won’t be,” Putin ...