News

  PARIS / WAM A delegation representing the UAE embassy in Paris has visited Dassault Aviation to discuss opportunities for joint cooperation and means to further develop ties between the two sides. The delegation, headed by Hend Al Otaiba, UAE Ambassador to France, met with Eric Trappier, Chairman and CEO of Dassault Aviation, who praised the existing partnership with the ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has said that the total length of its district cooling pipeline network across Dubai exceeded more than 369 kilometers, as of the end of 2021, with a growth of more than 33.2 percent during the period between 2018-2021. The new total length of ...

  Sharjah / WAM The Sharjah Charity International (SCI) has transported 144 tonnes of dates to a number of countries, on the occasion of the holy month of Ramadan. This was carried out through 12 containers that reached five countries in Asia and Africa, in cooperation with the UAE’s embassies and consulates in these countries, the Ministry of Foreign Affairs ...

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the introduction of a new service to Chennai in India, starting from April 27. Abu Dhabi travellers will now be able to fly directly to Chennai International Airport at competitive prices. Commenting on the announcement, Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are proud to ...

  London / Gulf Time dnata, a leading global air and travel services provider, has inaugurated a new, state-of-the-art cargo centre at London Heathrow airport (LHR). Part of the company’s ‘dnata City East’ complex, the bespoke facility further increases dnata’s capacity at LHR, ensuring continued smooth handling of a broad range of goods amid rapidly increasing demand for reliable and ...

  Bloomberg At the 600-year-old Guildhall in the City of London, key players in a two-decade-old industry looking to remake finance are gathering. Innovate Finance’s summit — part of UK Fintech Week — aims to showcase Britain’s financial technology sector and its global ambitions. Its profile has never been higher, with soaring demand from both customers and investors — even ...

  Bloomberg US consumer borrowing surged in February by the most on record, reflecting outsized increases in both credit-card balances and non-revolving loans. Total credit jumped $41.8 billion from the prior month after a revised $8.9 billion gain in January, Federal Reserve figures showed. The increase exceeded all estimates in a Bloomberg survey of economists. On an annualised basis, borrowing ...

  Bloomberg Some of the world’s biggest automakers are linked through their suppliers to labour programs in China’s Xinjiang region that experts have flagged as coercive, according to a new report by Horizon Advisory, a ..-based consultancy. The concerns center around the production of aluminum, raising questions for another key industry about alleged human rights abuses in its supply chain. ...

Bloomberg The German government is working on a financial-aid package for companies suffering from the fallout of the Ukraine war and the economic sanctions against Russia. The support measures, which are being assembled by the economy ministry, will include a loan program by the KfW state-owned bank as well as direct financial aid, according to a person involved in the ...

  Bloomberg The Panama Canal Authority proposed a comprehensive restructuring of its toll system, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus on vessel capacity ...