Abu Dhabi / WAM The Abu Dhabi Business Centre of the Abu Dhabi Department of Economic Development (Added) is set to launch the ‘Economic Establishments Data Capturing Project’ which is an integrated database that will provide essential information to help investors evaluate developments in the business sector in Abu Dhabi. The data will also be used in the preparation of ...

Ajman / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has said that the journey of the “Hope Probe” to Mars is a key milestone in the history of the UAE and a leading Arab achievement in the modern era, under the slogan, “Nothing is Impossible.” On this national occasion, HH Sheikh Humaid ...

ABU DHABI / WAM The UAE’s Mars Mission, Hope Probe, will write a glorious chapter in the Arab history of space exploration, and enhance the UAE’s contributions to the global space endeavours, a top Chinese diplomat told Emirates News Agency (WAM) on Monday. “Being the first Arab state to embark on Mars mission demonstrates the UAE’s significant progress in space ...

Dubai / WAM Emirates will resume passenger services to Stockholm with weekly flights from August 1, expanding its network in Europe to 22 cities, and connecting customers from Europe to the Middle East, Asia Pacific and Africa. The restart of Stockholm flights means that all Emirates gateways in Scandinavia will have resumed services by August, with flights to Oslo resuming ...

Dubai / WAM The Dubai Chamber of Commerce and Industry announced the launch of a task force under its Sustainability Network, which will address the issue of late payments to subcontractors and suppliers. The Task Force on Prompt Payment Practices for Subcontractors and Suppliers, joined by member companies representing a wide variety of economic sectors will explore the root causes ...

Abu Dhabi / Emirates Business Etihad Airways and Boeing will work together starting in August on the seventh iteration of the ecoDemonstrator programme to test innovative technologies in the air, building on the core innovation and sustainability tenets of their strategic partnership signed in November 2019. The ecoDemonstrator programme utilises commercial aircraft as flying testbeds to accelerate technology development that ...

Bloomberg The European Union’s most coal-reliant country has a controversial new strategy for its 400 billion-euro ($456 billion) green push: bulk up the Polish state oil company and let it lead the transformation. Poland announced plans to build an energy champion with the financial heft to drive the overhaul by combining refiner PKN Orlen SA and gas group PGNiG SA. ...

Bloomberg Chevron agreed to buy Noble Energy Inc for about $5 billion in shares. The takeover is the first major deal since the coronavirus triggered a severe oil slump. It’s a clear vote of confidence in the future of the US shale industry even as it struggles to adapt to lower crude prices. “Our strong balance sheet and financial discipline ...

The debate about stock buybacks — the practice of companies buying their own shares — goes to the heart of modern capitalism. What should companies do with the profits they earn? Should firms distribute these often colossal sums to the underlying shareholders? Or should they plow their earnings back into the company to develop new products and technologies that sustain ...

Winter is coming, but which one? UK Prime Minister Boris Johnson acknowledged last week that there are two possible scenarios: a mild season on the coronavirus front or a viral blizzard. He’d like Britons to start investing, spending and moving around as if the end of 2020 will be benign. He has promised that the government will, however, be ready ...