News

  DUBAI / WAM DP World was awarded two prestigious awards at this year’s Dubai Award for sustainable transport (Dast), recognising its latest sustainable mobility initiatives – the electrical terminal truck under the environmental protection category and the real-time locating system (RTLS) under the mobility management category. HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has announced that Dubai will host the Dubai Future Forum on October 10-11, at the Museum of the Future. The forum will convene 400 ...

New York / WAM At a meeting of the UN General Assembly, the 193 member states of the United Nations paid tribute to the late president of the UAE, Sheikh Khalifa bin Zayed Al Nahyan. In his opening remarks to the UN membership, António Guterres, Secretary-General of the UN, said, “At this time of mourning, let us take inspiration from ...

  Dubai / WAM The Commercial Transport activities sector in Dubai has reported a significant growth of 37 percent during the first quarter of 2022 extending from the same period of last year. These results reflect the cohesion and strength of the business movement in the commercial transport sector, which plays a vital and prominent role by contributing to facilitating ...

  Dubai / Gulf Time Dubai-based carrier flydubai and Standard Chartered, have successfully signed the sale and leaseback (SLB) agreement for five new Boeing 737 Max aircrafts. Four aircrafts were delivered between March and May with the remaining aircraft scheduled to arrive from Boeing, before the end of the first half of the year. The deal was structured, financed and ...

  Abu Dhabi / WAM The sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala, commenced on Tuesday in Abu Dhabi, welcoming around 1,000 C-level leaders, experts and specialists from across the aviation, aerospace, space and defence sectors. This is the first in-person edition of the Summit since the 2018 edition. Mohammed bin Ahmed Al Bowardi, Minister of ...

Abu Dhabi / WAM Strategic relations between Abu Dhabi Development Fund for Development (ADFD) and the government of Jordan date to 1974, when ADFD financed the first project in the country. Thereafter, the fund financed hundreds of development projects in vital sectors, whose total value stands at about AED6.5 billion. These projects collectively raised the standard of living in Jordan ...

Bloomberg The US must be “strategic” when it comes to a decision on whether to remove China tariffs, Trade Representative Katherine Tai said a day after President Joe Biden mentioned he would review Trump-era levies as consumer prices surge. “With respect to the tariffs, our approach as with everything in this relationship, is to be strategic,” Tai said in an ...

  Bloomberg Oyo Hotels, the once high-flying Indian startup, is shelving plans for an initial public offering in 2022 after a market downturn that would hurt its valuation, according to people familiar with the matter. The board of Oyo, formally known as Oravel Stays Ltd, talked through a change in the offering’s timing during multiple meetings after consulting with its ...

Bloomberg The Samsung group plans to raise spending by more than 30% to 450 trillion won (about $360 billion) over the half-decade to 2026 to shore up businesses from chips to drugs, as South Korea’s conglomerates grapple with growing economic and supply shocks. The corporate giant — whose units from Samsung Electronics Co to Samsung Biologics Co dominate Korea’s economy ...