Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) and ADQ on Tuesday announced a new collaboration to further strengthen Abu Dhabi’s digital economy and start-up ecosystem, including transferring the Ventures Fund, a flagship Ghadan 21 initiative, to ADQ. As part of their collaboration, ADQ and ADIO will also create winning propositions for companies using a combination of equity ...

Dubai / WAM Dubai Customs Passenger Operations Department revealed that it has handled 10.2 million pieces of baggage for five million passengers through 44,358 Dubai-bound flights during the first half of this year. Thanks to the vigilance of customs officers with support from the sophisticated scanning equipment, as many as 472 seizure reports were issued during the same period, including ...

Abu Dhabi / WAM The Federal Authority for Identity and Citizenship (ICA) issued a decision to extend the amnesty granted by the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, for violators of the Law on the Entry and Residency of Foreigners for three months effective August 18 through November 17 to enable them to leave the country and ...

Dubai / WAM Enoc group announced a partnership with Dynamic Fuels to become the official distributor of Enoc’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers. Under the agreement, Dynamic Fuels will market and distribute Enoc group’s wide range of marine ...

ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...

HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...

Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained ...

It’s hard to think of anything more ominous than Russian President Vladimir Putin offering you his “assistance” so you can “resolve the problems” that are keeping you busy. But that’s what Putin has just promised to Alexander Lukashenko, the embattled and apparently fading dictator of Belarus. As the post-Soviet state, wedged awkwardly between the European Union and Nato on one ...

After the euro-zone crisis, Spain emerged as a sort of model for how the monetary union’s more fragile nations might prosper. The economy expanded steadily as tight labour laws were loosened, and investors flocked to Madrid, pushing its government bond yields well below Italy’s. Subsequently, Spain strengthened its political clout in the European Union, challenging Italy’s position as the third-most ...

A new US edict limiting Huawei Technologies Co’s access to technology is more than just an incremental measure against the Chinese telecommunications giant. It threatens to kill the company, which invites retaliation from Beijing. In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei. At first, that also ...