Hong Kong court orders liquidation of China’s Evergrande
Evergrande's demise has been closely watched as it was once a pillar of China's economy, with the construction and property...Business
Hamad Al Marar is EDGE CEO
EDGE has a local and global orderbook of over $5billion.Company News Business
Morocco businessman jailed over 29 deaths in factory flood
The workers were trapped as heavy rains flooded the basement factory in the northern city of Tangiers.The workers were trapped as heavy rains flooded the basement factory in the northern city of Tangiers.
Main defendant Adil El Balili was sentenced to 18 months in prison and a fine of $107 for "involuntary homicide"
Saudi Arabia eyes gas primacy with Al-Jafurah
The country is looking to move up a position and become the world’s second-largest gas producer with this field.Saudi Arabia intends to be one of the most influential in defining global policies in the gas market
Al-Jafurah is the country’s largest non-associated gas field, with reserves estimated at 200 trillion cubic feet
Airbus looks to go the arbitration way with Qatar Airways
Qatar Airways in August stopped taking deliveries from Airbus over a problem that saw external paint degrading.Qatar Airways grounded 13 of its 53 A350s after the aircraft saw the exterior paint degrade
This exposed the metal mesh that protects the composite fuselage from lightning strikes
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.The two sides agreed to enhance cooperation on international climate policies
They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.DP World and Emergent LatAm will develop two temperature-controlled logistics facilities in Latin America
These developments will provide Emergent LatAm and DP World customers with a supply-chain solution
American Airlines trims flights
The US carrier is waiting for the new Boeing 787 DreamlinersThe major US carrier is still waiting for the new Boeing 787 Dreamliners it ordered and will not resume flying routes in the summer of 2022 as previously planned
Demand for long-distance flights has been slow to recover from the pandemic downturn, but US carriers have been eyeing summer 2022 as a key moment in the comeback
EGA signs 3 year agreement with China’s Bosai Group
The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements
EGA operates a transshipment facility in Guinea, enabling its bauxite to be shipped using giant Capesize vessels
Masdar, Taaleri SolarWind II Fund launch wind farms in Poland
"This event marks a key milestone in Poland’s renewable energy journey and demonstrates Masdar’s commitment to the nation’s climate action...In January, both companies announced they had each acquired a 50% stake in the projects, marking their first investment in the Polish renewable energy market
The projects produce enough electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year
Mubadala acquires stake in Sibur
This is the company's largest investment in Russia yet.The acquisition terms were agreed upon before Sibur's recent merger with TAIF.
In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.
Etihad and ITA Airways sign pact
Codesharing agreement to boost travel and tourism between Italy and UAE.The agreement will also offer travelers more options and better connectivity when traveling through Rome Fiumicino, Milan Malpensa and Abu Dhabi.
The partners are also working together to expand the scope of their cooperation over the coming months.
