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DUBAI / WAM Setting the direction for the government to follow in the coming decades, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai recently declared, “The government’s development and readiness for the future portfolio is one of the key priorities of the UAE for the coming period. Improving government ...

Abu Dhabi / WAM Waha Capital, an investment company in Abu Dhabi, has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within its asset management business. The new fund, to be called “Waha Islamic Income Fund SP”, will invest in Sharia compliant assets across the sukuk and equity markets, and will have a ...

Abu Dhabi / WAM Abu Dhabi Terminals (ADT) the manager and operator of the region’s first technologically advanced semi-automated terminal at Khalifa Port, has been In-Country Value certified. In-Country Value is defined as the total spend retained in-country that can benefit business development, contribute to human capability development, and stimulate productivity in the UAE economy. Obtaining the certification not only ...

Dubai / WAM Dubai Municipality has announced that it has opened Mushrif Park to cyclists every day from 6 am to 9 pm free of charge. The move is part of the Municipality’s plan to provide special lanes in its parks for cycling enthusiasts and in implementation of the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

Bloomberg India must stop building coal infrastructure and focus on renewable power generation to aid the global fight against climate change and lift its citizens out of poverty, United Nations Secretary-General Antonio Guterres said. The nation, the biggest coal consumer after China, must invest in a “clean, green transition” as it recovers from the Covid-19 pandemic, Guterres said at an ...

Bloomberg Siemens Gamesa Renewable Energy SA has one eye on the future where its wind turbines could play a key role in creating hydrogen. The company, which earlier this year launched the world’s biggest wind turbine, plans to start a pilot project in Denmark to test how its machines could power production of the fuel seen as key to eliminating ...

Bloomberg This year’s rally in exchange-traded funds specialising in clean energy is leaving larger peers in the environmental, social and governance (ESG) sector far behind. One example is the $1.2 billion Invesco Solar ETF’s 75% jump this year, which exceeds the 9% climb in the $8.6 billion iShares ESG Aware MSCI USA ETF, the biggest such fund in the ESG ...

The US is deploying its economic weaponry as never before, using unilateral sanctions to punish China for the erosion of Hong Kong’s autonomy and its treatment of Uighur minorities in the country’s northwest. Western experience with Russia suggests Washington’s efforts to force a change of behavior are unlikely to succeed, even if the measures remain in place for years. Washington ...

Everyone has an agenda. That’s especially true for corporations like Apple Inc and Fortnite-maker Epic Games Inc. But while the two powerful technology companies jockey back and forth in their continuing public battle, they need to recognise their brinksmanship has a severe cost. Not only is it affecting their own businesses, but it is taking a significant toll on their ...

When negotiating a raise, timing matters. Typically, it’s best to ask before annual budgets are locked and to steer clear of Monday mornings when the boss may be cranky. But in a pandemic-led recession? It’s awkward, for sure, but it’s not an impossible task. With unemployment in the US exceeding 10% and average jobless claims running over one million per ...