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File this under “unintended consequences.” The anti-diesel campaign that followed the 2016 discovery that Volkswagen AG used software cheats to understate its cars’ nitrogen oxide emissions has led to a rise in carbon dioxide, which has a greater impact on the climate. In 2017, CO2 emissions from new cars were higher than the previous year for the first time since ...

ABU DHABI / WAM The CEO of NATIXIS, a global Asset Management Company with $1,008 billion in assets under its management, described the UAE as an “attractive” investment haven. “The UAE for us is an attractive place, no doubt. It is classified as an emerging market. You have stability and you have a long term view of economic development,” Jean ...

Abu Dhabi / WAM Aldar Properties PJSC (Aldar) announced the launch of its latest waterfront development, Lea – located on the northern shores of Yas Island. Offering land plots starting at AED 990,000 and sizes ranging from 405 square metres – 1,800 sqm, and available for purchase by all nationalities, sales will commence at Cityscape Abu Dhabi, running from April ...

Dubai / WAM Emirates Global Aluminium (EGA), on Wednesday announced the start-up of Al Taweelah alumina refinery, a strategic growth project that expands the industrial giant’s business upstream in the aluminium value chain. Alumina is the feedstock for aluminium smelters and is refined from bauxite ore. Once full ramp-up is achieved, Al Taweelah alumina refinery is expected to produce some ...

DUBAI / WAM The design of the Chinese Pavilion for Expo 2020 Dubai was unveiled on Wednesday in Dubai, in the presence of Ambassador Ni Jian of the People’s Republic of China in the UAE, Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau and Zhang Yi, Deputy Secretary-General of China Chamber of International Commerce. Among other attendees were more ...

ABU DHABI / WAM National Geographic on Wednesday announced a four-year partnership with the Mohammed bin Rashid Space Centre (MBRSC), to document the UAE’s journey into space. In a four-part documentary series, National Geographic (NatGeo) will present to the world the UAE’s rise into space, its achievements and ambitions. The series is set to capture the essence of why and ...

PANAMA CITY / WAM Trade flows between GCC countries and Latin America and the Caribbean (LAC), reached $16.3 billion in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by the Inter-American Development Bank (IDB), in cooperation with the Dubai Chamber of Commerce and Industry. The report, entitled ...

SHABWA / WAM The UAE, represented by the Emirates Red Crescent (ERC), provided 40 tonnes of basic food aid to underprivileged people in Al Hajar District, Shabwa Governorate, as part of the second phase of its food aid campaign, under the framework of the UAE’s humanitarian and relief efforts in Yemen. The ERC team distributed 500 food parcels to 2,950 ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), is partnering with Canadian company Enbala to build the region’s first Virtual Power Plant (VPP). A VPP is a smart network of distributed, small and medium scale generation units such as solar photovoltaic, battery storage and flexible loads. The aim is to increase the visibility of distributed energy resources (DER), and maximise their value ...

PANAMA CITY / WAM At the third Global Business Forum (GBF), on Latin America, which began in Panama City, Government officials and business leaders from the UAE and the Latin America and the Caribbean (LAC), region, vowed to improve bilateral ties and expand economic cooperation. Organised by the Dubai Chamber of Commerce and Industry in partnership with Inter-American Development Bank (IDB), and ...