News

  ABU DHABI / WAM The UAE is embarking on ambitious growth-focused reforms aimed at improving the ease of doing business, attracting foreign investors, creating jobs and diversifying the economy away from oil, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. He added that the country is also committed to combating the threat ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the upgrade of Jebel Ali Habab Pumping Station Phase-II & III. The total capacity of water connections at the station is 36 million imperial gallons per day (MIGD), with a total cost of AED67.44 million, said a Dewa statement on Wednesday. The upgrade process aims to promote the ...

  DUBAI / WAM Slovenia celebrated its National Day at Expo 2020 Dubai by highlighting its green heritage and push towards a knowledge economy, as well as its rich cultural traditions. Zdravko Pocivalsek, Deputy Prime Minister and Minister of Economic Development and Technology, Anze Logar, Minister for Foreign Affairs, and Oto Pungartnik, Slovenian Ambassador to the UAE, were welcomed by ...

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

  Bloomberg French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at the start of 2022, according to Insee. The government has earmarked 15.5 billion euros ($17.7 billion) to curb the impact of inflation for households, most of which for mechanisms to limit the effect of ...

  Bloomberg GlaxoSmithKline Plc expects profit to rise this year as the UK drugmaker prepares to spin off its consumer-health business, its biggest shake-up in more than two decades. Earnings for the pharma and vaccines businesses are expected to rise 12% to 14% in 2022 on an adjusted basis, Glaxo said on Wednesday. The shares rose as much as 1.4% ...

  Bloomberg The trade of molluscan shellfish between the European Union and the US is set to resume following a 10-year break after the two sides resolved regulatory disputes. Sales of mussels, clams, oysters and scallops will resume at the end of this month, the European Commission said after it adopted legislation to that effect. Two EU member states, Spain ...

  Bloomberg AP Moller-Maersk agreed to buy Pilot Freight Services LLC for $1.68 billion, shoring up its road-transport business while signaling an unprecedented boom in container shipping may be starting to fade. The deal announced on Wednesday coincides with a 2022 profit forecast that falls well below analysts’ estimates. Maersk said it expected a strong first half before a “normalisation ...

  Bloomberg Alphabet Inc’s Google is being sued by Nordic price comparison provider PriceRunner AB for about $2.4 billion at Stockholm’s patent and market court. The lawsuit follows the conclusion of a legal ruling in the European Union that established Google has breached antitrust laws by manipulating search results in favour of its own comparison-shopping services, PriceRunner said. “This is ...

  Bloomberg Microsoft Corp is in talks to acquire cybersecurity research and incident response company Mandiant Inc, a deal that would bolster efforts to protect customers from hacks and breaches. The deliberations may not result in an offer, said the people, who asked not to be identified because the talks are private. Mandiant and Microsoft declined to comment. Mandiant shares ...