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Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, announced today its partnership with the Saudi Railway Company (SAR), by signing a strategic agreement establishing a framework for the exchange of services, training, and knowledge transfer. Shadi Malak, Chief Executive Officer of Etihad Rail, and Dr Bashar Al Malik, Chief Executive Officer of ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) & Abu Dhabi Motorsports Management (ADMM) on Wednesday announced an extension to their long-term strategic partnership. Supporting the health and wellbeing of the UAE community, and providing more ways to participate in motorsport at all levels, will be key areas of focus, with Adnoc playing a pivotal role in ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) introduced its e-gaming business set-up package, which supports investors in the fast-growing gaming value-chain such as software and hardware developers, publishers, streaming and support services providers. The newly launched package covers 18 e-gaming core and support service activities, and investors can select up to three activities in their primary ...

DUBAI / WAM Egyptian and Emirati officials discussed collaborations to develop the content of the Digital School to provide a certified high-tech online education to reach students in disadvantaged communities across the world. In a meeting, Omar Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and Chairman of the Board of Directors of ...

Bloomberg Top Indian government officials are debating whether to set a goal to zero out its greenhouse gas emissions by mid-century, an ambitious target that would require overhauling its coal-dependent economy. Officials close to Prime Minister Narendra Modi are working with senior bureaucrats and foreign advisers to consider ways to meet the 2050 deadline, according to people familiar with the ...

Bloomberg Gazprom will export natural gas to Armenia via Azerbaijan for the first time in almost three decades as former Soviet neighbours work to reopen communication links following last year’s war. The Russian gas giant’s export arm signed a short-term transit deal with Azeri state energy firm Socar, both firms said. Azerbaijan’s pipeline will be needed as the link that ...

Bloomberg NRG Energy Inc. withdrew an earlier full-year profit forecast and said it expects a $750 million loss due to the brutal cold snap that froze Texas and led to sweeping blackouts across the state. “Based on new information available to us, we are unable to provide financial guidance due to the unprecedented and unpredictable market outcomes resulting from winter ...

In the 1990s, a Republican explained to me why “the Democrat party” was his preferred term for the opposition: “They’re no more democratic than we are.” Nowadays that is very much a subject of dispute. In recent years, and especially in recent months, progressives have increasingly become convinced that the Republican Party is a threat to democracy; that hostility to ...

Economic recoveries are supposed to be a time of celebration for investors, and the recovery from Covid-19 now underway should be no different. The economy is growing again; business activity is picking up; deflation is a distant threat; cheap money is goosing the recovery; and stocks are surging on hopes of higher profits. And yet, rather than cheer their good ...

It’s a big week for central bank meetings, with the US Federal Reserve on Wednesday, the Bank of England Thursday and the Bank of Japan wrapping it up on Friday. My plea is that they keep it simple. Central bank messaging really doesn’t have to be as difficult as it has become lately — with a plethora of jargon-infected initiatives ...