SHARJAH / WAM The Sharjah Roads and Transport Authority (SRTA) has completed about 29,185 transactions, including various forms of management services, during the first half of this year, as part of a package of vital and qualitative services implemented by the Authority. Chairman of the SRTA Yousef Khamis Al Othmani revealed that the authority is working in full swing ...

  ABU DHABI / WAM Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport to cater to increased operational demand while meeting the highest levels of safety, compliance, and accreditation. Close cooperation between the General Civil Aviation Authority (GCAA) and Abu Dhabi Airports (AD Airports) during the project followed ...

­­­Bloomberg Russia’s crude shipments surged last week, recovering almost all of the previous slump. Seaborne exports to European buyers rose to the highest level since April, as some refiners continue to process barrels, even after Moscow’s invasion of Ukraine. Total flows rise to 3.41 million barrels a day in the period to August 19, vessel-tracking data monitored by Bloomberg show. ...

  Bloomberg British households will see the average energy bill soar to $4,200 a year in October when the UK next raises a cap on prices, according to consultancy Cornwall Insight Ltd. The forecast confirms other recent estimates that bills will rise about 80% this winter compared with prices in April. Surging wholesale natural gas prices following Russia’s invasion of ...

Europe wants US tech giants to pay more taxes, but it’s been oddly reticent about the cosy and highly unusual tax arrangements of one of its own dominant industries: container shipping. Given the outsized profits the industry is generating, the current regime is unsustainable. Freight rates have soared in the past two years as pandemic disruption and surging US demand ...

Space scientists have waited nearly four decades to send a taxpayer-financed spacecraft on a death plunge into the atmosphere of Venus. Rocket Lab USA Inc, a private space launch provider, announced that the wait is nearly over. But rather than rely on a government space agency to pay the fare, Rocket Lab will finance the mission itself, launching in May ...

  The latest buzzword among many economists and investors is “ noise.” It’s being used to refer to any piece of economic data that doesn’t fit the prevailing narrative, which is happening a lot these days. This economy is proving hard to understand. It is very strong in some respects and very weak in others. The official government data shows ...

  You have to hand it to Haruhiko Kuroda. Despite his caricature as a laggard in a world where interest rates are marching higher, the Bank of Japan chief was cutting-edge when seeking to exceed his inflation target. It’s just taken a while to get there. Six years, in fact. Tempting as a victory lap might be for Kuroda, who ...

  Bloomberg The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history. An emphatic 99.67% of shareholders voted to maintain Vijay Shekhar Sharma as the managing director and ...

  Bloomberg India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started from April 1 from $1.3 billion in the prior year, ...