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ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utilities in the region, announced on Tuesday a partnership with Emirates Steel, the leading integrated steel plant in the Middle East, to develop a large-scale green hydrogen project enabling the first green steel produced in the Mena region. A Memorandum of Understanding (MoU) ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with IKEA, part of Al-Futtaim Group, to offer National Housing Loan (NHL) programme customers specialised personal loans to furnish and decorate their homes. These personal loans will offer NHL customers a range of benefits, including ...

DUBAI / WAM Emirates and Aeromar have announced that they have entered into an interline partnership, which will provide seamless connectivity for customers between destinations in Mexico and United States via Mexico City to Emirates’ global network. Through this interline partnership, customers will now be able to book tickets to fly to and from 12 destinations in Mexico and the ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s National Rail Network, has signed a strategic partnership agreement with Western Bainoona Group. Etihad Rail will deliver rail freight services to the Group for their construction materials from Western Bainoona Group’s facilities in Fujairah to Abu Dhabi and Dubai. The agreement comes following the directives of HH ...

DUBAI / WAM Dubai’s business events sector continues to build on its momentum as one of the first cities in the world to reopen for international meetings, with a busy calendar of high profile conferences, meetings and incentives on the horizon through the rest of 2021 and into 2022. Following on from the resumption of international tourism to the city ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies; and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced on Tuesday that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun. Financing for the project — Indonesia’s first floating solar power plant — was ...

ABU DHABI / WAM The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to facilitate international cooperation on the exchange of intelligence concerning anti-money laundering and combatting the financing of terrorism. The signing of this MoU is in line with the objectives of the UAE and ...

SHARJAH / WAM To boost investment activity in Sharjah, the Alef Group, a leading real estate developer and a pioneer in developing world-class lifestyle experiences in Sharjah, and the Sharjah Investors Services Centre (SAEED) recently signed an MoU to provide more facilities for investors and entrepreneurs to establish or expand their businesses in the emirate. The agreement was signed by ...

There’s a strong case that Congress should give legal status to millions of immigrants who are here illegally, at least under certain conditions. There’s a case, reasonable though not as strong, that we ought to have legislative rules that allow a bare majority of Congress to make that change in our laws. There is, by contrast, no real case that ...

Chinese billionaire Li Shufu has made a habit of shuffling around the pieces of his sprawling empire to find the best value. Yet none of that grand strategising has addressed his main problem: a growing pile of debt. Every few months, Zhejiang Geely Holding Group Co, the parent company of Hong Kong-listed Geely Automobile Holdings Ltd and Sweden’s Volvo Car ...