Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince HRH Mohammed bin Salman looks to turn the kingdom into a global aviation hub. About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international ...

DUBAI / WAM Emirates has re-opened its dedicated First Class Lounge at Dubai International (DXB’s) Concourse B to serve the growing volume of premium customers travelling from and through Emirates’ hub, as more markets around the world ease restrictions and put in place protocols that enable international travel. Emirates will also continue to operate its Business Class Lounge in Concourse ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has been coordinating with the authorised drivers’ institutes to qualify instructors to undertake the training of drivers of delivery motorcyclists in the emirate. RTA is directly overseeing the induction of these drivers in tailor-made training courses approved by the concerned bodies. The initiative is part of RTA’s ongoing efforts to boost ...

Dubai / WAM Enoc group has renewed its agreement with Meisheng Investment Development Co. Ltd for another five years, for the exclusive supply and distribution of Enoc Lubricant products in China. The agreement enables Enoc to achieve its ambitious plans of distributing more than 20 million litres of products over the next five years; meeting the increasing demand for lubricants, ...

DUBAI / WAM The “100 Million Meals” campaign’s food parcels distribution has been completed in Tanzania, Kenya and Senegal, providing more than 750,000 meals to low-income individuals and families. In collaboration with the Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH) and the local authorities and charities, parcels of easy-to-store food items, including rice, flour, oil, and sugar, ...

Abu Dhabi / WAM Zaki Nusseibeh, Cultural Advisor to the UAE President and Supreme President of UAE University (UAEU), has emphasised that the UAE cultural diplomacy is based on the principle that “cultural exchange makes us all stronger because we share the same human values.” During a virtual seminar organised by the UAE Embassy in Kuwait entitled “Culture and its ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has begun implementing an executive regulation regarding marine water quality in Abu Dhabi. The regulation was approved by the agency’s Board of Directors to combat the deterioration of ambient marine water and sediment quality by applying measures to environmental impact assessment studies and environmental licencing applications. It strengthens the ...

Bloomberg A massive plume of methane, the potent greenhouse gas that’s a key contributor to global warming, has been identified in China’s biggest coal production region. The release in northeast Shanxi province is one of the largest that geoanalytics company Kayrros SAS has so far attributed to the global coal sector and likely emanated from multiple mining operations. Details captured ...

Bloomberg French Finance Minister Bruno Le Maire said it will be difficult for the country to accept the European Commission’s requests regarding a proposed reorganisation of Electricite de France SA tied to regulatory reform. “It seems very complicated to explain to the French — not to mention EDF employees — that we’ll give in to the demands of the European ...

Five years ago, India came up with a legal answer to its perennial economic challenge of rescuing the money stuck in zombie firms. Unlike China, which has the cushion of high savings, India’s inefficient use of limited domestic capital has meant a chronic inability to put its swelling ranks of youth to work. After toying with the idea for more ...