News

  Dubai / WAM The Sustainable City, the Middle East’s first fully-operational sustainable community, and its sister development Sharjah Sustainable City, have won four gold awards at the Gulf Real Estate Awards 2022. The Sustainable City, operating in Dubai since 2016, placed first in both the ‘Customer Happiness’ and ‘Customer Experience Initiative’ categories. The win comes as recognition for the ...

  ABU DHABI / WAM Tawazun Industrial Park (TIP), a subsidiary of Tawazun Economic Council (Tawazun), has announced the launch of a competition for unmanned systems, in collaboration with Khalifa University of Science and Technology. The announcement came on the sidelines of the UMEX Unmanned Systems Exhibition 2022 and the collaboration aims to attract young national talent and hobbyists to ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the friendship relations and strategic partnership between the two countries. In a phone call, the two sides also reviewed a number of regional and international developments and issues ...

Bloomberg With President Joe Biden’s signature environmental legislation indefinitely stalled, progressive Democrats and activists are lobbying the White House to declare a “climate emergency” to unlock executive powers. The tactic could allow Biden to shut down crude oil exports, suspend offshore drilling, and redirect funding for clean energy projects. Former President Donald Trump used a similar step to divert billions ...

  Bloomberg The US Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods as the US economy continues to be affected by congested supply chains, senior Biden administration officials say. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more ...

  Bloomberg United Parcel Service Inc lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express. The European Union’s General Court on Wednesday dismissed the challenge, deciding that UPS failed to show how it had suffered damage. The dispute kicked off soon after UPS scrapped its ...

Bloomberg Germany’s economy minister said the country could do without Russian gas. But that won’t be easy. Europe’s industrial powerhouse currently relies on Russia’s Gazprom PJSC for more than half its gas. And if anything, demand will only grow as the country phases out nuclear and coal-fired electricity. No. 2 supplier Norway is already pumping at full tilt, and Germany ...

  Bloomberg Munich Re more than doubled profits last year as the German reinsurer bounced back from the Covid-19 crisis with the highest gross premiums in its history. Net income rose to 2.9 billion euros from 1.2 billion euros the previous year, according to a statement from the Munich based company on Wednesday. It had forecast profit of 2.8 billion ...

  Bloomberg The European Union unveiled new rules that will make it easier for users to transfer data generated from products like Amazon.com Inc.’s Alexa or a Tesla Inc. vehicle. The European Commission’s Data Act will set rules on how companies can access so-called non-personal data, or data that does not contain any information that identifies an individual. The proposal ...

  ABU DHABI / WAM The United Arab Emirates has strongly denounced the terrorist Houthi militia’s attack on King Abdullah bin Abdulaziz Airport in Jizan with a bomb-laden drone, which was intercepted by the Coalition Forces. In a statement issued on Tuesday by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE affirmed that the thwarted attack on ...