Abu Dhabi Sustainability Week: Faster renewables deployment needed

Abu Dhabi: The capacity of renewable energy installed worldwide has more than doubled over the last decade, yet the world needs to deploy renewables six times faster to cap global temperature rise to 1.5 degrees Celsius this century. Addressing delegates at the 10th general assembly of the International Renewable Energy Agency (Irena), top United Nations […]

GCC to play a key role in 2020 sukuk issuance

Dubai: Global sukuk issuance in 2020 is expected to surge further on the back of strong growth in 2019 supported by continued demand for issuance from GCC countries and core Islamic finance markets, according to rating agency Standard & Poor’s. “Although global financial conditions should remain highly accommodative next year, we don’t expect additional easing […]

US proposes overhaul of antitrust rules for vertical mergers

Washington: US antitrust enforcers are proposing new guidelines for determining whether to approve mergers that combine companies that don’t compete with one another but operate in the same supply chain. The Justice Department and the Federal Trade Commission announced criteria for how they would evaluate so-called vertical mergers in the future. If finalised, the guidelines […]