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Bloomberg Volkswagen AG said a robust sales recovery toward the end of the year helped cushion annual results from the effects of the pandemic. Operating profit before one-time items related to VW’s diesel-emissions scandal falls to about 10 billion euros ($12.2 billion) last year, VW said in a statement, from 19.3 billion euros in 2019. Automotive net cash flow shrunk ...

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Infrastructure, has said that the UAE seeks to reduce the carbon footprint through the implementation of the Energy Strategy 2050, which aims to reduce carbon dioxide in the country by 70 percent. “The world aspires to accelerate the energy transition towards a low-carbon future and seeks to reduce emissions,” ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, has explored potential ways of strengthening cooperation between Sharjah and Brasilia in vital sectors including culture, sports and science, with Fernando Luis Lemos Igreja, Brazilian Ambassador to the UAE. Both parties discussed the possibility of establishing Brazilian cultural centre in the emirate to ...

Sharjah / WAM Shams Media Services, a subsidiary of Sharjah Media City (Shams), and OMNES Media, an integrated media and communications solutions company, launched OMNES Influencers’ platform in its trial stages. The platform aims to help companies connect with influencers who can help promote their products and achieve their desired results, all within a specific budget and timeline. These companies ...

Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi-based Etihad Aviation Group, reported a 50 percent year-on-year rise in pharma shipments under its specialised PharmaLife product. The double-digit annual growth comes as the carrier marks its second anniversary of achieving and operating IATA CEIV certification for pharmaceutical and life science logistics (IATA CEIV Pharma), in ...

Bloomberg Joseph Robinette Biden Jr. was sworn in as the 46th president of the United States, taking control of a nation wracked by a deadly pandemic, persistent unemployment and burgeoning social unrest to cap the most acrimonious transfer of power in modern American history. Biden, 78, took the oath of office around noon from Chief Justice John Roberts on the ...

ABU DHABI / WAM Frederick Kempe, Chief Executive Officer of the Atlantic Council, an American Atlanticist think tank which focuses on international relations, has noted the UAE’s environmentally-friendly efforts, especially given it is one of the lowest Greenhouse GAS (GHG) emission producers of oil and gas in the world. In an interview with the Emirates News Agency (WAM), Kempe said ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has launched a new healthcare-focused equities basket note. The structured note provides 95 percent capital protection, while offering no cap on the potential return and matures in 12 months. The note is open for subscription until February 4, with a minimum investment commitment of $50,000. Customers will have the option to ...

RAS AL KHAIMAH / WAM Ras Al Khaimah International Airport (RAK International Airport) has signed a Memorandum of Understanding with Gulf Air, the national carrier of the Kingdom of Bahrain, with the agreement aiming to build connectivity between the emirate and the kingdom. Heralding a new phase of operations for RAK International Airport, which is quickly establishing itself as a ...

Abu Dhabi / WAM The International Air Transport Association and Etihad Airways, the UAE national airline, on Tuesday announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests. The IATA Travel Pass is a mobile app to help passengers easily and securely manage their travel in line with government requirements for Covid-19 tests or vaccines. IATA Travel ...