Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...Business Climate Change
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...Business Economy
Agreement signed for new payment channels and services on AjmanPay app
Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the...This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors.
It also complies with DoF’s efforts to develop innovative financial services that offer customers the facility to save their financial data.
UAE and India to expand ties in renewable power, sustainable finance
India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total...The UAE and India agreed to expand bilateral cooperation towards accelerated climate action and implementation of the Paris agreement.
The UAE’s cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy.
ACWA, OQ, Air Products sign pact
A green hydrogen-based ammonia production facility will be built in Oman.The Joint Development Agreement signing follows a memorandum of understanding signed in December 2021.
The firms said in a statement that the project would be based on integration of renewable power from solar, wind and storage.
ENBD REIT rental income down 19.7 percent
Occupancy of its portfolio up 80 percent in the year ending 31 March 2022.The firm's property portfolio value stood at $356 million, down 1.1 percent year-on-year whilst Net Asset Value was $167 million.
The firm has proposed a final dividend of $5 million or $0.02 per share for the six-month period ending 31st March 2022, a 13.6 percent increase from the same period of 2021.
April Dubai real estate sales highest monthly on record in 10 years
Dubai real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion...On Wednesday, real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion.
In April, the market recorded 6,983 sales transactions, an increase of 45.5 percent over April 2021.
UAE and China to set up New Energy Vehicle Project
Emirates Transport (ET) and China's NEV Investment LLC have teamed up to develop New Energy Vehicle Project in the UAE.The joint venture represents a milestone in the efforts aimed at accelerating the New Energy Vehicles Project in the UAE
EVIS is considered a launchpad for NEV Investment and potential Chinese New Energy Vehicles which can be introduced to the UAE
Boeing Starliner completes key test mission to ISS
Astronauts living aboard the station opened the hatch and "greeted" the capsule's passengers: Rosie the Rocketeer, a mannequin equipped with...The gumdrop-shaped spaceship landed in a puff of sand at 4:49 pm local time (2249 GMT) in the New Mexico desert
Orbital Flight Test-2 (OFT-2) was the last hurdle for Starliner to clear before it carries humans in another test flight due to take place by the end of this year
Iraqi boy evades security, boards Iran-bound plane
Iraqi aviation authorities have been left red-faced after a 10-year-old boy on his own boarded an Iran-bound plane from a...The international airport in Najaf, south of Baghdad, said Wednesday it would review security after the boy passed under the radar of seven checks
Iraq’s civil aviation authority said a private firm had since 2019 been in charge of security at Najaf airport, which receives hundreds of thousands of pilgrims a year
Greece will send Iranian oil from seized ship to US: police
Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US...Authorities that seized oil didn't provide any details about how it would be transferred to the US
Tehran protested against Greece and called it "international robbery"
Filing says Elon Musk to borrow less for Twitter bid
Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter,...The Tesla chief said in a filing with the US Securities and Exchange Commission that he would seek $13 billion in loans for the Twitter buy
Analysts were concerned about Musk using billions of dollars worth of his Tesla shares to back loans
