ABU DHABI / WAM On December 17, the UAE will host the 20th Council of Ministers Meeting of Member States of the Indian Ocean Rim Association (IORA), chaired by Ahmed Ali Al Sayegh, UAE Minister of State. The UAE will also host the 22nd meeting of the Committee of Senior Officials of IORA Member States, chaired by Abdul Nasser Al ...
Read More »Etihad, UN Women join hands for women’s empowerment
ABU DHABI / WAM UN Women, the United Nations entity dedicated to advancing gender equality and the empowerment of women, has signed a partnership agreement with Etihad Aviation Group, establishing the UN entity’s first-ever airline partnership to promote global efforts to empower women. The Etihad Aviation Group joins UN Women in the Generation Equality campaign, committed to engaging passengers, employees, ...
Read More »Dewa wins Gold at Dubai Human Development Award
DUBAI / WAM Dubai Electricity and Water Authority (Dewa), for the second time, has won Gold for Government Sector in the Dubai Human Development Award 2020. This new achievement shows Dewa’s commitment to providing a positive and inspiring working environment. It also shows Dewa’s efforts to invest in its human resources to achieve the highest standards of excellence and efficiency. ...
Read More »Boosting local production of poultry, fish discussed
DUBAI / WAM Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment , toured Ras Al Khaimah Poultry and Feeding Company (RAPCO), accompanied by its Chairman, Sheikh Mohammed bin Humaid Al Qasimi. They discussed the challenges facing the poultry and feed sectors in the UAE, and ways to overcome them with the objective of increasing local food production ...
Read More »UAE top destination for rain enhancement study
ABU DHABI / WAM Dr Abdulla Al Mandous, Director of the National Centre of Meteorology and President of the Regional Association II (Asia) of WMO, reiterated that the UAE has established itself as a top global destination for prominent international events serving various sectors. As part of its continued commitment to addressing the pressing issues directly impacting the lives of ...
Read More »UK grids get $40b budget to meet net-zero targets
Bloomberg UK energy grids will have 30 billion pounds ($40 billion) to spend on ensuring the nation’s pipes and wires are able to cope with meeting the nation’s net zero emissions target by 2050. The budget is for service, maintenance, upgrades and repairs on gas and power grids for the next five years, and is 20% higher than the spending ...
Read More »Tianqi to sell stake in Lithium mine to ease loan troubles
Bloomberg Tianqi Lithium plans to sell a minority stake in the world’s biggest lithium mine, giving the producer access to the cash it needs to repay the major loan behind its ballooning financial troubles. Australian miner IGO Ltd will pay $1.4 billion in cash for a 49% stake in Tianqi Lithium Energy Australia Pty, the majority shareholder in the Greenbushes ...
Read More »Modi needs one more farm law to end crisis
Farmers’ protests are threatening to snowball into the biggest political crisis of Narendra Modi’s tenure. To give in to demands and scrap the laws would be an uncharacteristic admission of defeat for India’s strongman prime minister, who promised they would transform agriculture. But letting the unrest linger could cause chaos in food markets, alienate urban consumers, and potentially derail the ...
Read More »China’s giant crop takeover has failed
There comes a point where you have to stop throwing good money after bad. That moment is already well past for Sinochem Corp and China National Chemical Corp, or ChemChina, the state-owned Chinese giants that have been edging towards a merger for four years. The two chemicals companies are working on a structure that would allow them to combine without ...
Read More »Jamie Dimon is begging for deals. Why is that?
Jamie Dimon appears restless. JPMorgan Chase & Co’s chief executive officer is imploring investment bankers — those most tireless of salespeople — to ring him up and pitch M&A ideas. It’s the clearest indication yet that the biggest US bank would prefer not to sit on its excess capital. That’s a nice problem to have, but one the lender is ...
Read More »