Latest news with #EEF
United News of India
11 hours ago
- Business
- United News of India
Over 60 countries, including N Korea, will attend 10th Eastern Forum: Russian Minister
Moscow, June 20 (UNI) Representatives of more than 60 countries, including North Korea, will take part in the 10th Eastern Economic Forum (EEF) in Vladivostok, Minister for the Development of the Russian Far East and Arctic Alexey Chekunkov said in an interview with Sputnik at the St. Petersburg International Economic Forum (SPIEF). "I am convinced that friends from North Korea will also visit the EEF. Overall, we expect no fewer foreign guests than in previous years. These are more than 60 countries, so we are expecting, so to speak, everyone at the EEF. And regarding the key guests, you will learn soon," the minister said. The 10th Eastern Economic Forum will be held in Vladivostok on September 3-6. The Russian city of St. Petersburg is hosting the 28th edition of SPIEF on June 18-21 under the theme of "Shared Values: The Foundation of Growth in a Multipolar World." The Rossiya Segodnya international media group, Sputnik's parent company, is the forum's information partner. UNI SPUTNIK ARN
Yahoo
11-06-2025
- Business
- Yahoo
EU, Germany boost Ukraine's energy efficiency fund with 18 million euros
The EU and Germany have topped up Ukraine's Energy Efficiency Fund (EEF) with an additional 18 million euros ($20.7 million) to expand their support for Ukraine's energy independence and green recovery, the EU Delegation to Ukraine said on June 11. The move was announced at the 10th meeting of the delegation's Coordination Council in Kyiv. The EU provided 13 million euros ($15 million) of the new funding, while Germany's International Climate Initiative (IKI) provided 5 million euros ($5.7 million). The International Finance Corporation (IFC), the investment arm of the World Bank, will continue to manage the EEF's trust fund, established in 2019, is split into two programs: VidnovyDIM, which helps repair war-damaged homes, and EnergoDIM, which co-finances grants to cut energy consumption and costs by installing new insulation, windows, and heating systems. 'Today, when Russia is shelling Ukrainian homes almost every night, the VidnovyDIM Fund program helps families cover the costs of repairing walls, roofs, and windows so that they can return home safely and with dignity,' EU Ambassador to Ukraine Katarina Maternova said. 'In parallel, through the EnergoDIM program, we continue to support the thermal modernization of old buildings, which allows us to reduce energy consumption and monthly costs.' Since 2021, the fund has grown from 90 projects to 1,500 projects, in cooperation with homeowners' associations, and helped Ukraine save 300 kilowatts per hour in energy consumption– as much as the city of Chernivtsi consumes. The EEF has helped over 217,000 families modernize and repair their homes, of which half were covered by the VidnovyDIM program. The new financing will improve the efficiency of grants, raise the grant size to meet demand, and help more people under Ukraine's environmentally sustainable 'Build Back Better' principle. The grant limit should increase to more than 200,000 euros, said Ukraine's Development of Communities and Territories First Deputy Minister Alena EFF will now be able to resume requests, which were paused due to the high number of applications. Around 10% of Ukraine's housing stock has been damaged or destroyed, while much of the country's heating system is from the Soviet era and inefficient, with apartments unable to control the heating in the winter. Ukraine's energy grid has been targeted relentlessly by Russian attacks, causing widespread energy instability across the country. At the same time, bills have increased for electricity and heating, frustrating citizens who have already taken a financial hit due to the war. The fund has modernized homes and schools to become more energy efficient, which not only cuts costs but also retains warmth during blackouts, said the Shkrum. More Ukrainians are beginning to understand the importance of energy efficiency due to Russian attacks, 'which is why the fund should continue functioning, reforming, and developing further,' she added. Read also: DTEK to build one of Europe's largest energy storage facilities, company announces We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
TimesLIVE
03-06-2025
- Business
- TimesLIVE
EFF's urgent application against fuel levy hike
The Western Cape High Court is on Tuesday hearing an urgent application by the EEF for the increase of the fuel levy to be scrapped. The General Tax Levy increase is expected to take effect on Thursday after finance minister Enoch Godongwana increased the fuel levy by 16 c/l and 15 c/l on petrol and diesel respectively. The increase was seen by many as a replacement for the proposed VAT hike that was rejected. However, experts have argued the fuel levy increase was meant to cover the more than R5bn intended for the Road Accident Fund, which they say has not been receiving funding in the past three years.
Hi Dubai
22-05-2025
- Business
- Hi Dubai
Emirates Extrusion Factory Joins Forces with UCS to Launch UAE's First Zero-Waste Green Curtain Wall System
Exclusive partnership unveiled at 'Make it in the Emirates' positions EEF as the sole manufacturer of UCS's zero-waste façade system, reinforcing UAE's leadership in sustainable, locally manufactured building solutions. In a landmark move for sustainable construction in the UAE, Emirates Extrusion Factory (EEF), a wholly owned subsidiary of Dubai Investments, and UCS Green Solutions Building and Construction Materials Trading (UCS), a forward-thinking supplier of innovative façade and cladding solutions, have signed an exclusive Memorandum of Understanding (MoU) to manufacture and promote the region's first Green Curtain Wall System with Zero Material Wastage. The strategic alliance was formalized during the 'Make it in the Emirates' forum, and was signed by Sreekumar Brahmanandan, General Manager, Emirates Extrusion Factory, and Ebrahim Mohammad Abdallah, Managing Director, UCS Green Solutions Building and Construction Materials Trading. Under the agreement, EEF will act as the exclusive manufacturer of the pioneering product developed by UCS – a façade solution engineered with precision to eliminate material waste during installation. The partnership not only aligns with national sustainability goals but also sets a new benchmark in the regional construction industry. This exclusive partnership marks a transformative milestone not just for Emirates Extrusion, but for the UAE's construction industry as a whole, said Sreekumar Brahmanandan, General Manager and Board Director of Emirates Extrusion Factory. As a wholly owned subsidiary of Dubai Investments, we are proud to champion local manufacturing and pioneer sustainable innovation. Being the sole manufacturer of UCS's zero-waste curtain wall system reflects our commitment to reshaping how buildings are designed, built, and experienced—where performance meets purpose. This collaboration is more than a product launch; it's a bold step toward reducing environmental impact and reinforcing the UAE's position as a regional leader in sustainable development. The Green Curtain Wall System represents a significant leap in façade technology—seamlessly blending aesthetics with environmental performance to meet the growing demand for greener infrastructure across the region. Its zero-waste design reflects a broader shift toward circular manufacturing, where efficiency, innovation, and impact converge. More than just a product, it exemplifies how local partnerships can drive high-impact, scalable solutions aligned with the UAE's long-term sustainability vision. At UCS, we believe true innovation lies in solving real-world challenges — and material waste in construction is one of the most pressing. This zero-waste curtain wall system is not just a technical advancement, it's a statement of intent for the industry, said Ebrahim Mohammad Abdallah, Managing Director of UCS Green Solutions Building and Construction Materials Trading. Partnering with Emirates Extrusion Factory allows us to scale this innovation through local manufacturing, making sustainable construction more accessible and impactful. This collaboration aligns with the UAE's long-term industrial and environmental goals, including Operation 300bn and the Net Zero by 2050 strategic initiative. With the construction sector under increasing pressure to reduce its environmental footprint, the zero-waste curtain wall system presents a scalable solution for developers and architects looking to balance sustainability with structural excellence. News Source: Publicis Groupe
New Straits Times
14-05-2025
- Business
- New Straits Times
Anwar, Putin to hold talks on bilateral ties and regional issues
MOSCOW: Russian President Vladimir Putin is scheduled to hold talks on Wednesday with Prime Minister Datuk Seri Anwar Ibrahim, TASS news agency reported. According to the Kremlin press service, the two leaders will discuss key areas of bilateral cooperation, particularly in politics, trade, and the economy. They are also expected to outline further steps to strengthen ties between their countries. Putin and Anwar will additionally exchange views on pressing international and regional developments. The two leaders last met in September 2024 on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok. Russia and Malaysia share similar positions on various regional and global issues. Both countries cooperate actively through platforms such as the Association of Southeast Asian Nations (Asean) and the Organisation of Islamic Cooperation (OIC). In January 2025, Malaysia became an official BRICS partner state. Currently, Russia and Malaysia have signed 20 cooperation agreements. According to Russian Ambassador to Malaysia Nail Latypov, bilateral trade reached approximately US$2.5 billion by the end of 2024. Russia's main exports to Malaysia include crude minerals, oil, and chemical products, while Malaysia exports rubber, machinery and agricultural goods to Russia. – BERNAMA-TASS
