Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...Business Economy Global Markets
TAQA acquires stake in Taweelah
TAQA took up the operation and maintenance of the plant.As part of a transaction valued at US$65 million (approx. AED239 million), TAQA has completed its acquisition from BTU Power Company.
TAQA acquired an additional 10 percent ownership stake in the owner of the Taweelah B IWPP – Taweelah Asia Power Company.
Abu Dhabi’s Department of Energy, New York University sign MoU
The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development.The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development
It calls for scientific, technical, technological, legislative, and administrative cooperation in energy and water efficiency, sustainability, and conservation
Netflix soars to 230 mn subscribers, co-founder steps down
Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the...The changing of the guard was announced as Netflix posted added subscribers that blew past even the most optimistic expectations
The streaming giant said it enticed 7.7 million new members in three months, bringing Netflix membership around the world to 230 million people
DEWA showcases its sustainability projects to French, Cuban delegations
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.
The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.
Twitter bird frame fetches $1million for Musk at auction
San Francisco, USA - A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen...Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle-powered charging stations.
Musk in December said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO.
Netanyahu, US security advisor discuss normalizing ties with Saudi
Netanyahu, who returned to office last month with the formation of a new government, was at the helm in 2020...In their talks, Netanyahu and Sullivan discussed "measures to deepen the Abraham Accords and expand the cycle of peace, with an emphasis on a breakthrough with Saudi.
Before speaking with Netanyahu on Thursday, Sullivan had met with head of Israel's Mossad spy agency David Barnea and Israeli national security advisor Tzachi Hanegbi.
TAZIZ, PROMAN sign pact
They will build UAE’s first world-scale methanol production facility.The facility has an anticipated annual capacity of up to 1.8 million tons.
The facility has an anticipated annual capacity of up to 1.8 million tons. Methanol has a variety of uses including in fuels, solvents, pharmaceuticals and construction materials.
MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE
ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ)...MoIAT and RAKEZ will cooperate in programs and initiatives under the National Strategy for Industry and Advanced Technology, Operation 300bn,
The two entities will encourage industrial companies to join the UAE Industry 4.0 program and undergo a readiness assessment.
Masdar City, ADGM ink pact to  strengthen foreign investment in Abu Dhabi
ABU DHABI, UAE - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU)...Masdar City and ADGM will work together to attract new investors to their free zones and benefit from each other’s capabilities.
The two entities will exchange best practices and promote institutional integration.
Saudi approves Implementing Regulations of New Companies Law
Riyadh, Saudi Arabia--Saudi Arabia's Capital Market Authority's has approved the Implementing Regulations of the New Companies Law for listed joint...The approval is based on the authority the Law granted to the CMA to regulate the matters and subjects stipulated in the law related to joint stock companies.
It also included stipulating the provisions that aim to raise the level of governance of the board of listed joint stock companies.
