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Sharjah, Cuba to bolster investment cooperation

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...

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Dubai imports 8mn tons of food in 2021

  DUBAI / WAM Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday. Dubai also issued 78,812 food export health certificates, while the quantity of food exported last year amounted to 3.272 tons to 157 countries after verifying their safety and compliance ...

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ADFD, Guinea to boost economic cooperation

  Abu Dhabi / WAM Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received a delegation from Guinea-Conakry, headed by Ousmane Domboya, adviser to the president. The discussion focused on expanding economic cooperation. The meeting was attended by Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; and other officials from both sides. Extending ...

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The Olympics have been a raging success for China

The most notable record at the Beijing 2022 Winter Olympics won’t be recorded by a skier or skater. Instead it’ll be set by NBCUniversal. When the flame goes dark, the US network will likely have recorded the most poorly viewed Winter Games in history. Covid, half-empty stadiums, human-rights concerns and boycotts have depressed viewers and ratings. They’ve also battered China’s ...

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‘Metamates’are in for a rough voyage

Motivating people is hard, especially when you’re trying to convince them to join you on a perilous quest that may not succeed. So perhaps you can understand, once you stop laughing, why Mark Zuckerberg has encouraged his employees to call themselves “Metamates” instead of “colleagues” or “co-workers” or “Steve.” It’s nautical! We’re going on a swashbuckling adventure! Ahoy, Metamaties! But ...

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Miners scour earth again as reserves dwindle

  Think your life has been unadventurous over the past few years, as the pandemic and closed borders have kept you bottled up at home? Spare a thought for the mining sector. An industry built on the romance and horror of finding riches on the wild frontier — from the Klondike to Kimberley, Kolyma and Katanga — has for years ...

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Why central banks are getting inflation wrong

  High above the Bank of England, a weather vane tracking the wind direction connects directly to a dial in the stately building’s Court Room. In the 1800s, the bank’s directors met there, and knowing which way the wind was blowing was crucial. An easterly breeze meant that ships, loaded with commodities such as copper and wheat, would be sailing ...

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Air France-KLM ramps up capacity as Omicron recedes

  Bloomberg Air France-KLM plans to cautiously ramp up capacity in coming months as the latest coronavirus wave fades, while exploring new ways to raise funds to pay back a government pandemic bailout. The struggling carrier forecast network capacity of 73% to 78% of 2019 levels during the first three months of this year, according to a statement. That would ...

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Australia’s Rex plans fleet surge as bookings pick up

  Bloomberg Australian airline Rex laid out ambitious plans to increase the number of jets taking on Qantas Airways Ltd on the country’s busiest routes, saying the worst of the fallout from the pandemic appears to be over. Regional Express Holdings Ltd, as the airline is officially called, last year started a domestic business flying popular legs including Melbourne-Sydney and ...

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China must open for Asia travel rebound, jet lessor AerCap says

  Bloomberg AerCap Holdings NV, the world’s largest aircraft leasing firm, is “very optimistic” people will travel in large numbers once borders open up and believes that will apply equally to Southeast Asia, which is currently lagging the rest of the world, according to Chief Executive Officer Gus Kelly. Travel in the US is already back to around 80% of ...

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