Bloomberg The fate of global markets now depends at least in part on laboratories around the world probing the omicron Covid-19 strain, potentially leaving investors with weeks of uncertainty in the wait for answers. The variant detected in Africa is described as highly worrying and international travel bans are proliferating. Scientists are analysing whether it can evade inoculations and the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved AED3.8 billion housing projects in Dubai. As part of the new projects, 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas. The projects also include an AED 500 million ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA) and GE Gas Power signed a memorandum of understanding (MoU) develop a roadmap to reduce greenhouse gas emissions from the operation of EGA’s existing GE natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilisation, and storage solutions. The MoU was signed by Abdulnasser bin Kalban, CEP ...

Abu Dhabi / WAM In commemoration of the UAE National Day 2021, Emirates Post Group (EPG) has raised the bar on postage stamp issuance by becoming the first in the region to issue non-fungible token (NFT) stamps. Each of the four NFT stamps carries a distinct design centered on the UAE national theme. The first one is a premium edition ...

Abu Dhabi / WAM American companies are creating a framework for future jobs, which is a new area of cooperation between the US and the UAE, a senior executive of an American business body told Emirates News Agency (WAM). “We’re actually creating a curriculum in American companies for jobs that don’t exist. So, the US and the UAE are having ...

ABU DHABI / WAM The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICA) has signed an explanatory memorandum with the General Administration of Customs of China, that includes a joint mechanism for implementing the Mutual Recognition Agreement of the Authorised Economic Operator Programme. The move aims at enhancing customs and trade cooperation; exchanging experiences, benefits, facilities, and customs ...

Dubai / WAM Enoc Group, the official integrated energy partner of Expo 2020 Dubai, announced the results of its successful partnership with Japan’s Idemitsu for the supply and distribution of lubricants to the Japanese company’s customers in the UAE and the wider region. In the first year, Enoc Group recorded strong growth in sales volumes and plans to achieve a ...

Sharjah / WAM The Sharjah Debt Settlement Committee (SDSC) approved an amount of 51 million and 596 thousand dirhams, to settle 131 cases of citizens’ debts, being presented to the Sharjah Debt Settlement Committee. This step comes in implementation of the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, aimed at ...

ABU DHABI / Emirates Business As part of its continued efforts to elevate the Arabian Gulf’s cruise business to new heights, AD Ports Group has inked an initial agreement with Diyar Al Muharraq and the Eagle Hills Diyar Company to investigate opportunities to develop and operate new cruise infrastructure in the Kingdom of Bahrain. Building on the country’s potential to ...

Abu Dhabi / WAM As part of the Abu Dhabi Investment Office’s (Adio) programme to attract investment, Abu Dhabi will become home to Amazon’s most technologically advanced fulfillment centre in the region. Expected to be launched by 2024, the new fulfillment centre comes as part of a wider collaboration between Amazon and Adio which will also unlock job opportunities over ...