News

  DUBAI / WAM Emirates Post, the official postal operator and leading express provider in the UAE, has been awarded the “Amazon Best Carrier of the Year 2021” in the Middle East and North Africa (Mena) region by Amazon, the company’s last-mile delivery solution partner. The award recognises Emirates Post’s service, performance, collaboration, transpar- -ency and ease of communication between ...

  Dubai / WAM Enoc group on Monday announced the launch of its compact station in the Dubai Airport Freezone (Dafza), offering customers accessible and convenient refuelling services. The station is designed to cater to fuelling needs for the entire Dafza region where major logistics offices are located. The economic zone is home to over 1,600 international firms from various ...

  Dubai / WAM Dubai Chamber of Commerce – one of three chambers operating under Dubai Chambers – revealed that its membership increased 55.4% in April, while member exports and re-exports grew by 16.7%, compared to the same period last year. The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the chamber’s total membership ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Monday announced the offer price for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The price per share for the offering has been set at AED2.45, implying an equity value ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will continue the UAE’s march of prosperity and tolerance, New Zealand’s Governor General Dame Cindy Kiro told the Emirates News Agency (WAM). “I am in no doubt that His Highness Sheikh Mohamed bin Zayed will continue the UAE’s onward march in building its prosperous and tolerant society. ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power signed an agreement to upgrade four existing GE 9F gas turbines at EGA’s Al Taweelah power plant, reduce greenhouse gas emissions intensity, and contribute to the UAE’s Net Zero by 2050 Strategic Initiative. GE’s Advanced Gas ...

  Sharjah / WAM Over 12 days, the 13th edition of the Sharjah Children’s Reading Festival (SCRF) took more than 112,350 visitors of all age groups and backgrounds on a journey to new worlds of learning and entertainment. With spaces attractively designed to stimulate thought and creativity, Expo Centre Sharjah spoilt cultural enthusiasts for choice with the festival’s vast offering ...

Bloomberg Germany supports a plan to suspend European Union rules limiting deficits and debt by an additional year to the end of 2023, according to officials familiar with the government’s stance. The European Commission, the EU’s executive arm, proposed on Monday to maintain the so-called general escape clause of the bloc’s Stability and Growth Pact until the end of next ...

Bloomberg China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington. The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics ...

Bloomberg The UK should cancel its planned corporate tax increase in order to ensure Britain remains an attractive place to do business, according to a new report by the Centre for Policy Studies (CPS). The UK’s corporate tax on companies with annual profits of more than £250,000 is due to rise to 25% in April from the current 19% as ...