DUBAI / WAM Following the announcement of the UAE’s Domestic Tourism Strategy and Unified Tourism Identity by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, a joint meeting was held to discuss the future of domestic tourism in the UAE, organised by UAE Government Media Office. The meeting ...

ABU DHABI / WAM Khidmah, a facility management and maintenance company, has announced the appointment of real-estate industry veteran Abdellatif Sfaxi as its new Chief Executive Officer (CEO). Sfaxi will be in charge of driving the company’s growth and expansion strategy moving forward and ensuring new and existing clients across the UAE and the GCC region continue to receive cost-competitive, ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 98,562 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) joined the International Union for Conservation of Nature (IUCN) as a state member, announced Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, following a confirmation of the ministry’s membership application by the IUCN. “Carrying on the legacy of the founding father of the UAE, late Sheikh ...

Dubai / WAM dnata, one of the world’s largest air services providers, continues to adopt the latest technologies to deliver the highest level of safety and value for airline customers and help them provide travellers with confidence and peace of mind throughout the entire journey. In partnership with Uveya, a Switzerland-based technology company, dnata has successfully conducted a proof of ...

Bloomberg Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than ...

Bloomberg Total SE is discussing a plan for 500 voluntary job cuts in France, where the oil company has 35,000 employees, CEO Patrick Pouyanne said. Pouyanne said talks are ongoing. “We’ll see, there’s a negotiation. It could be 300, it could be 700,” he said. He denied that Total has decided on reducing 700 positions, a number given by the ...

President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about US leadership. But the action will merely take us back to four years ago. To push us forward, on his first day in office, President Biden should bring together a group of G-20 leaders to join the US in endorsing a mandatory ...

Activist investing is hard work, even for tenacious veterans like Elliott Management Corp. The very mention of its name sends shivers up the spines of corporate fat cats. Yet, until recently, the US-based hedge fund hasn’t been able to scare up much success in Asia. Elliott has been in the region for years, picking battles with Korean chaebols and Hong ...

The impact of the housing market on the 2008 financial crisis couldn’t have been more different than what we’ve seen during this year’s recession. While housing acted as a strong headwind slowing the economic recovery 12 years ago, not it’s looking like a tailwind that will help lift the economy as we move past the pandemic in 2021. The damage ...