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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a resolution to form a new Board of Directors for the Abu Dhabi Chamber of Commerce and Industry. The new board will be chaired by ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with the Consulate-General of the Republic of South Korea in Dubai means of enhancing economic cooperation and commercial relations between companies and investment institutions operating in Sharjah and South Korea. They also discussed ways of supporting partnerships, along with investment opportunities available in information technology, healthcare, tourism, ...

ABU DHABI / WAM Alpha Condé, President of Guinea, has received Major General Dr Ahmed Nasser Al Raisi, Inspector General of the Ministry of the Interior (MoI), and his accompanying delegation. During the meeting, the sides discussed means to enhance relations between Guinea and the UAE in police and security fields. President Condé stressed the depth of the UAE-Guinea relations, ...

ABU DHABI / WAM Khalifa University (KU) is now a member of the Global Engineering Education Exchange Program (Global E3 Consortium), a consortium-based exchange programme established in 1995 that provides undergraduate engineering students an opportunity to study in leading universities from around the world while being able to pay tuition at their home university. As a top ranked university in ...

Bloomberg The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye Stillwater Ltd, the No. 1 platinum miner, Impala Platinum Holdings Ltd and Anglo American Platinum Ltd said they plan to scale up ...

Bloomberg Offshore wind farm developers are finding one more thing in common with the fossil fuel industry: community backlash on both sides of the Atlantic. Much like the resistance to fracking in parts of the US and the UK, oceanfront towns have fought against power lines running ashore from wind farms, even as the massive turbines themselves are mostly out ...

Bloomberg Enel SpA, Italy’s largest utility, plans to dramatically boost its electric mobility business in the next decade, installing 4 million charging stations worldwide from the current 180,000, Chief Executive Officer Francesco Starace said in an interview with daily Corriere della Sera on Sunday. “Our role is to act alongside car manufacturers in order to understand how to set up ...

Exactly 30 years ago, a looming balance of payments crisis finally convinced India’s leaders to dismantle its socialist economy, ushering in private enterprise and years of higher growth. Those pundits and policy makers hoping that Prime Minister Narendra Modi might use the country’s Covid-induced slump to launch similarly dramatic reforms, however, are likely to be disappointed. That’s not because Modi ...

Snap Inc is proving itself to be a cut above the rest. Its latest results show why. The social-media company reported second-quarter earnings that crushed Wall Street’s expectations. Revenue in the period surged 116% from a year earlier to $982 million, handily beating the Bloomberg consensus estimate of $847 million. Snap’s daily active users jumped by 23%, also ahead of ...

In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times, billionaire founder Hui Ka Yan would turn to his tycoon friends to prop up his stocks and bonds. The persistent support they’ve provided — buying up Evergrande debt — is why the developer is also Asia’s largest dollar junk bond issuer. Hui’s ...