UAE, South Korea ECAs sign MoU to boost green energy investments
The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable...Etihad Credit Insurance and K-SURE will work to facilitate support for various collaborative projects, especially hydrogen economy and renewable energy.
They will also join forces to support the exporters operating in diverse industries to enter the global market.
Assets of Jordan’s Social Security Investment Fund rise by JD1.1 bn in 2021
The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by...The fund’s overall returns on investment (ROI) amounted to JD575 million in 2021 against JD509 million in 2020.
Bonds account for 57 percent of the SSIF’s investment portfolio, followed by stocks 16.6 percent.
Black diamond worth $5m goes on display in Dubai
The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when...The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates
The diamond is believed to have been created when a meteorite or an asteroid hit the Earth more than 2.6 billion years ago
She overcame prejudice to ride sea waves
Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant
The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation
TAQA Group, EWEC price green bond
The bonds were 1.8 times oversubscribed.The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.
TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.
Empower begins to operate a new cooling plant in Dubai
Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel,...The total cooling capacity of the plant will be 50,000 RT upon completion
It will be interconnected with the company’s existing district cooling plant in Dubai International Financial Centre (DIFC) to deliver total cooling energy of 112,000 RT
HP, UAE sign education MoU
MoU aimed at enhancing cyber skills training in UAE schools.HP and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than 500 students a year.
The partnership with the Cyber Security Council has three separate elements that support schoolchildren, university students, and graduates.
Unilever eyes GSK-Pfizer unit despite $64bn bid rebuff
Unilever has revealed ongoing interest in a consumer healthcare unit owned by GlaxoSmithKline and Pfizer after a bid of £50...GSK said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare, but they were rejected for being too low
The unit's products include Sensodyne toothpaste, pain-relief drug Panadol, and cold treatment Theraflu
FB ad policy irks Iraq NGO
Facebook has been mired in global controversies for its ad policies.The most prominent Facebook ads controversy was when Cambridge Analytica targeted political ads at users after collecting their data without consent
The results were advertisement that led to Donald Trump winning the US presidential election, and Britain voting to exit the EU
Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,”...Around 76% of the UAE respondents chose Zoom as their preferred platform
Zoom is working hard to accelerate the UAE’s digital development across various sectors
IHC H1 net profit $2.94 billion
The company posted 31% increase in revenue.
ADNOC Gas signs LNG deal
Will supply 0.5mmtpa of LNG to India's HPCL.
Alpha Dhabi H1 profit $1.79bn
Adjusted EBITDA rises to $2.36bn.
Borouge Q2 net profit $193m
The H1 revenue stood at $2.72 billion.
ADNOC Drilling H1 revenue $2.37bn
The company posted a net profit of $692m.
