Dubai / Emirates Business dnata, one of the world’s largest air services providers, has achieved a special cargo milestone in Dubai. Since March last year, the company’s highly-trained teams have handled over 5,000 cargo-in-cabin flights, safely moving 50,000 tons of shipments at Dubai International airport (DXB). In response to the strong air cargo market demand for the rapid, reliable and ...

Dubai / WAM The Sustainable City (TSC), the Middle East’s first fully-operational sustainable community, announced it has introduced a new electronic waste (e-waste) collection and management solutions for the community. The 24-hour e-easte drop-off station — created in collaboration with Efate, a UAE based e-waste management company — will provide a free and efficient e-waste management solution to residents and ...

Dubai / WAM Enoc group announced AED86.9 million in cumulative savings from the implementation of innovative ideas submitted by its employees on the group’s innovation programme. Since its inception in 2012, the group’s innovation programme has received 3,824 suggestions and implemented 332 ideas, which contributed to the group’s significant financial savings. In 2020 alone, Enoc employees submitted 661 suggestions to ...

ABU DHABI / WAM As part of its efforts to combat extremist ideologies via the internet and promote positive alternatives, the Sawab Centre is launching a new campaign under the hashtag #AfricaAgainstExtremism. The messaging campaign will run from March 7-12 in Arabic, English and French on Sawab’s social media platforms Twitter, Facebook, Instagram, and YouTube. The UAE and the United ...

ABU DHABI / WAM Khalifa University (KU) of Science and Technology on Monday announced it has risen 67 places to be ranked 214th globally in the “Engineering and Technology” category, in the UAE and in six subjects in the most recent 2021 QS (Quacquarelli Symonds) World University Rankings by Subject. The milestone achievement comes as Khalifa University has been ranked ...

DUBAI / WAM The Dubai Health Authority (DHA) on Monday organised a virtual seminar on “The Role of Reading to Serve the Scientific Research and Scholars for the future”, with the participation of a group of representatives from universities in the UAE, as part of the “Month of Reading”, which takes place in the UAE in March every year. The ...

Abu Dhabi / Emirates Business National Takaful Company (Watania) announced a net profit of AED18.4 million in 2020, compared to a profit of AED13.1 million in 2019, with a growth rate of 40%, while the ROE for the year 2020 increased by 20%, being one of the highest rates in UAE insurance market, noting that over 75% of it came ...

Bloomberg The size of China’s carbon market will expand more than 30-fold over the next decade as it covers more industries and polluting becomes more expensive, according to Citigroup Inc. The market’s physical turnover will rise from about $800 million this year, its first in operation, to around $25 billion by the end of the decade, analysts including Tracy Liao ...

Bloomberg Five gasoline tankers that were enroute to the US East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries. Major refineries along Gulf Coast, the nation’s refining hub, shut gasoline units during the February deep freeze and power failures. Operators have gradually begun resuming production since the ...

The post-Brexit war over financial services — and to what degree Europe can lure business away from the City of London — is far from over. The latest battle is derivatives clearing. But compromise is possible and would serve everyone best. Set up in the aftermath of the global financial crisis, central counterparty clearing houses (CCPs) act as middlemen between ...