Tuesday , January 19 2021

Recent News

UAE produces world’s first aluminium using solar energy

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) and Emirates Global Aluminium (EGA) on Monday announced that the UAE has become the first country in the world to produce aluminium using the power of the sun. Under an agreement signed on Monday, Dewa will supply EGA’s smelter with solar ...

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Masdar leads initiative to drive Abu Dhabi’s hydrogen economy

ABU DHABI / WAM Masdar announced on Monday that it is joining forces with the Abu Dhabi Department of Energy, Etihad Airways, Lufthansa Group, Khalifa University of Science and Technology, Siemens Energy, and Marubeni Corporation in an initiative designed to support the development of Abu Dhabi’s green hydrogen economy. Senior ...

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UAE opens two hospitals in Somaliland to boost healthcare

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth ...

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Stocks

Emerging markets tested by rising dollar ahead of Joe Biden’s return

Bloomberg A stronger US dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration. The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and ...

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US equity futures retreat, dollar edges higher

Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, ...

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Private equity firms seize on IPO boom with consumer assets

Bloomberg Private equity firms are refusing to be left out of the initial public offering boom. With technology IPOs sometimes doubling on day one, buyout shops are hoping to capture some of the buzz for their slower growth and higher leverage assets. Two private equity-backed companies went public on US ...

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