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Abu Dhabi / WAM The United Arab Emirates on Sunday announced an offer to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023, with a focus on the economic case for inclusive climate action. Commenting on the UAE’s offer to host COP ...

Dubai / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai SME, an integrated division of Dubai’s Department of Economic Development (Dubai Economy), to support the business sector and advance comprehensive and sustainable development in the country, Mariam Al Amiri, Under-Secretary, Financial Management Sector at MoF, and Saeed Matar Al Marri, Deputy CEO of Dubai ...

Abu Dhabi / WAM The United Arab Emirates has welcomed the Office of the United States Trade Representative (USTR) decision to remove the country from the US intellectual property protection (IPP) Watch List. In its 2021 Special 301 Report, the USTR outlined a set of key achievements made by the UAE in the field of IPP during the past period, ...

Sharjah / WAM Arada has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the East Village district of Aljada, The Boulevard comprises three apartment blocks. The nine-storey blocks are located next to Aljada’s main avenue. The AED180 million ($49 million) contract was won by Dubai-based Al Ashram Contracting, a ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) inaugurated six electricity transmission substations with a total investment of over AED 1.1 billion from the beginning of 2021 to April 30. This is part of its efforts to provide electricity and water services according to highest standards of availability, reliability, and efficiency. The substations include a 400 kilovolt (kV) substation ...

Bloomberg Belarus scrambled a fighter jet to force a Ryanair flight from Greece to Lithuania to land in its territory, where authorities detained a journalist who covered the 2020 presidential election and protests against Alexander Lukashenko’s disputed claim of victory. The crew of the Boeing 737-800 carrying scores of passengers from Athens to Vilnius was notified by Belarusian authorities of ...

Bloomberg The US called for a global minimum corporate tax of at least 15%, less than the 21% rate it has proposed for the overseas earnings of US businesses — a level that some nations had argued was excessive. The contrast between the new proposal, released by Treasury Department, and higher rate the Biden administration is seeking to be applied ...

Bloomberg Germany will impose fresh restrictions on travelers from the UK due to the rapid spread in Britain of the coronavirus strain first identified in India. Travelers from the UK will have to spend two weeks in quarantine upon arrival in Germany even if they test negative for the virus, according to the foreign ministry. In addition, transport companies will ...

Bloomberg The euro area’s economic recovery is increasingly being supported by a rebound in services as factories confront a supply squeeze that is pushing up costs. Surveys of purchasing managers by IHS Markit show the 19-nation region emerging from the pandemic crisis as infections drop and the lockdowns that dragged the bloc into a double-dip recession are eased. Service-sector businesses, ...

Bloomberg The UK economy is firing on all cylinders as it emerges from months of lockdown, with the private sector expanding at the fastest pace in at least 23 years and retail sales surging. IHS Markit said that its measure of private-sector growth this month hit the highest since the index began in 1998, with hotels, restaurants and other consumer-facing ...