News

  Dubai / Gulf Time The Dubai Airport Free Zone (Dafz) concluded its participation in Gulfood 2022, the world’s largest F&B sourcing event, held at Dubai World Trade Centre (DWTC). The free zone successfully highlighted the vibrant business environment and investment opportunities it offers to regional and global food companies. During the exhibition, Dafz organized a promotional event that brought ...

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 398,902 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  HANOI / WAM There remain huge opportunities for Vietnamese enterprises to accelerate exports of agricultural and food products to the United Arab Emirates thanks to its strong demand for these items, experts have said. As the regional trade and logistics centre, the UAE was considered one of the world’s largest re-export markets for goods, including farm produce, said the ...

  Dubai / WAM Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has visited Spain Pavilion at Expo 2020 Dubai. He was welcomed by José Andrés Torres Mora, Commissioner General of the Pavilion, and Julieta Casanova, Commercial Attaché at the Embassy of Spain in the UAE. During his visit, Dr Al Falasi said that Expo 2020 ...

  Bloomberg Boris Johnson said the UK proposes to stop Russian firms from raising capital in London’s financial markets, part of measures targeting Vladimir Putin’s administration if it decides to invade Ukraine. The move is part of a “very tough package of sanctions” that’s “ready to go,” the British prime minister said in a pooled TV interview in London. Johnson ...

  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

  Bloomberg Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported in Ottawa. Economists were anticipating inflation would be unchanged in January. The average of ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  DUBAI / WAM A new wave of business opportunities spanning the global food ecosystem will be unlocked at the ground-breaking Food For Future Summit and Global Agtech Expo later this month as the industry looks to address an impending agricultural shortfall that could fail to produce enough to feed the world’s anticipated 10 billion population by 2050. More than ...