DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the headquarters of the State Security Department in Dubai, where he praised the country’s state-of-the-art security facilities. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; His Highness Sheikh Maktoum ...

ABU DHABI / WAM The United Arab Emirates gifted a fifth shipment containing six metric tons of medical supplies and testing equipment to Chechnya. The shipment, which was offered as a gesture of appreciation in the fight against Covid-19, will assist approximately 6,000 healthcare workers. “The UAE’s efforts to operate an air bridge for emergency medical supplies to assist the ...

Bloomberg After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel. The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark ...

Bloomberg The Securities and Exchange Commission (SEC) has been largely silent on the financial wreckage of the US shale industry in recent years, but that may be about to change. The top US financial regulator’s reported investigation into how Exxon Mobil Corp values shale assets follows years of concerns about the industry’s rosy projections, which have left hundreds of billions ...

The US never fully recovered from the Great Recession. One of the benefits of the $1.9 trillion Covid relief package unveiled last night by President-elect Joe Biden is that — in addition to helping Americans hurt by the pandemic — it could help America accomplish that goal. At that point, US politics can safely return to arguments about whether tax ...

Shortly after the US Capitol was stormed, an American Airlines Group Inc flight from Washington to Phoenix faced its own insurrection. Despite entreaties from flight attendants, some passengers belligerently refused to wear masks and chanted “fight for Trump” and “USA!” The situation became so tense that the pilot took to the intercom and threatened to “put this plane down in ...

French President Emmanuel Macron’s knack for top-down statist dirigisme hasn’t been very visible when it comes to rolling out Covid-19 vaccines, with the country’s immunisation campaign among the slowest in the world. But it’s now on full display in the supermarket sector. Finance Minister Bruno Le Maire took to the airwaves to pour scorn on a potential $20 billion bid ...

Agflation is back, and so are unhelpful fixes. Under pressure from falling incomes and higher inflation, Moscow has rushed to cap the cost of basic foods and introduced measures to curb wheat and other exports. President Vladimir Putin’s televised displeasure was a symptom of the strain governments are feeling everywhere. Fortunately, the problem is not yet at levels seen just ...

Bloomberg When Boeing Co ended a long commercial drought last month by handing over 737 Max jets to two top customers, the transactions marked a little-noticed break with tradition. The planes were built in 2019 but recorded as 2020 models when they were delivered, having sat dormant during the longest jetliner grounding in US history. The seemingly innocuous distinction could ...

Bloomberg Virgin Atlantic Airways Ltd sold two Boeing Co 787 jetliners to fund the repayment of a loan from hedge fund Davidson Kempner Capital Management that formed the basis of a hard-won rescue last year. The planes were bought by Griffin Global Asset Management and Bain Capital Credit, Virgin Atlantic said in a statement. The sale and leaseback deal, which ...