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ABU DHABI / WAM MW Energy, a joint venture between Abu Dhabi Future Energy Company PJSC – Masdar and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore 500 MW capacity of clean energy projects, including floating solar power and hydropower, in landlocked and water-abundant Tajikistan. The MoU was signed during ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s adherence to the directives of the CBUAE with regard to the appointment of a consultant to take action and remediate its Anti Money Laundering (AML) ...

SANTIAGO / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Alberto van Klaveren, Minister of Foreign Affairs of Chile, discussed bilateral relations and means to further develop them across various sectors. This came during the meeting held in the capital, Santiago, as part of the working visit that HH Sheikh Abdullah made to the ...

BLOOMBERG Thai Airways International Pcl says flights from China have been over 90% full after Southeast Asia’s second-largest economy temporarily relaxed visa rules for visitors. “We have seen significant growth in terms of Chinese traffic into Thailand,” the carrier’s Chief Commercial Officer Korakot Chatasingha told Bloomberg Television. Thailand is banking on Chinese visitors to lead a spending recovery as policy ...

BLOOMBERG China Eastern Airlines Corp ordered 100 C919 single-aisle planes from Commercial Aircraft Corp of China Ltd, dealing a potential blow to Boeing Co, which hasn’t had a large order from Chinese carriers in years. The order is worth $9.9 billion at list prices, but a significant discount has been applied, Shanghai-based China Eastern said in a statement. Airlines typically ...

ABU DHABI / WAM Mubadala Energy, the Abu Dhabi-based international energy company, has announced a major commitment to enhancing the role of nature–based solutions by planting 100,000 mangroves a year until 2030. The company is one of the first to join forces with the Environment Agency – Abu Dhabi (EAD) and its Abu Dhabi Mangrove Initiative (ADMI) to accelerate conservation ...

ABU DHABI / WAM Adnoc and Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertiliser plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE. The CycloneCC technology, which has been developed by Carbon Clean, is designed ...

ABU DHABI / WAM The COP28 Presidency, in collaboration with the SME Climate Hub and We Mean Business Coalition, has launched a dedicated programme to help small and medium-sized enterprises (SMEs) in the Middle East and North Africa implement net-zero strategies. COP28 & SME Climate Hub for Mena was developed to elevate the role of SMEs and non-state actors in ...

BLOOMBERG Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook. The Hang Seng China Enterprises Index slid 3.2%, the most in nearly three months. Support from mainland traders was absent as markets there remain closed for the Golden Week ...

BLOOMBERG Stocks dropped with US Treasuries after hawkish signaling from the Federal Reserve bolstered speculation the US central bank will keep raising interest rates to counter inflation. UK fast-fashion retailer Boohoo Group Plc was among the sharpest decliners in Europe, plunging 10% after lowering its forecasts as it cuts prices to attract struggling shoppers. The region’s Stoxx 600 index retreated ...