News

Dubai / WAM DP World Logistics opened a new 6,000 square metre high-end warehouse at container freight station 2 (CFS 2), offering new storage solutions for customers at the Jebel Ali Free Zone (Jafza). The company’s CFS 2 warehouse offers a total of 12,500 pallet positions using very narrow aisle (VNA) racking systems, storing cargo up to 18 metres high. ...

  Cairo / WAM Abdul Rahman Abdul Shakour, Special Envoy of the Somali President for Humanitarian Affairs and Drought, praised the support provided by the UAE under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to those affected by the drought in Somalia. He commended the UAE’s continuous provision of supplies to various Somali states, including ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, and Article 137 of the Decretal Federal Law No. ...

  Dubai / Gulf Time Customers based in the UAE can now enjoy fast delivery on their shopping from the UK with Emirates Delivers. Emirates Delivers, the e-commerce platform of Emirates SkyCargo, enables customers to shop from multiple online retailers in the UK, consolidate their purchases, and have the goods delivered directly to their door. Thousands of UAE-based shoppers have ...

  Abu Dhabi / WAM Etihad Airways has won the “Environmental Sustainability Innovation of the Year” award at CAPA’s annual Environmental Sustainability Awards for Excellence in Singapore, as well as the“Best Airline for Sustainability 2022” award by Business Traveler USA. Etihad’s sustainability initiatives focus on creating operational efficiencies, as the airline quickly went on to unite industry leaders and build ...

  Bloomberg Before October, Qiang had about 30 workers in his garment factory in Guangzhou’s Haizhu, a district often dubbed the apparel manufacturing capital of China. After more than a month of Covid lockdowns, all of them have fled, bringing production to a halt. “Those who went home are watching to see when to come back,” said Qiang, declining to ...

  Bloomberg India’s trade ministry is discussing a reduction in import taxes on gold to rein in illegal shipments, according to people familiar with the matter. The world’s second-largest consumer of the precious metal, almost all of which is purchased from abroad, has asked the Finance Ministry to consider reducing the tariff to about 10% from 12.5%, two of the ...

Bloomberg Space development can reshape the world economic order, a South Korean official said, as Seoul works to expand its prowess among a small group of countries capable of developing and launching their own space vehicles. Titanium, platinum and rare-earth materials are among commodities South Korea should be able to independently excavate in space missions given their importance for future ...

  Bloomberg One of Xiaomi Corp’s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country. Chief Business Officer Raghu Reddy, who helped the Chinese company to the top of India’s smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said in an email ...

  Bloomberg A chronic shortage of plantation workers in Malaysia may cost palm oil producers about 20 billion ringgit ($4.6 billion) this year, according to the Malaysian Palm Oil Association, curbing supply and potentially boosting global prices. Palm growers hired around 14,000 foreign workers this year through November, just a fifth of the industry’s needs and about half of the ...