News

Dubai / WAM Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC) in Dubai, succeeded in processing more than 27,000 transactions involving commercial and engineering licencing services during the first half of 2021. Abdullah Belhoul, CEO of the Department of Planning and Development at Trakhees, stated that PCFC is constantly working to maintain its excellence to ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority and other competent authorities to ensure compliance with tax legislation and procedures, as well as protecting consumers from trafficked products that do not meet quality specifications approved within the UAE. In ...

Bloomberg The US will warn American companies this week of the increasing risks of operating in Hong Kong, the Financial Times (FT) reported, as Washington seeks to ramp up pressure over Beijing’s crackdown on the financial center. The risks include the Chinese government’s ability to gain access to data that foreign companies store in Hong Kong, the FT said on Tuesday, ...

Bloomberg Google was fined $593 million in France after the search giant failed to follow an order to thrash out a fair deal with publishers to use their news content on its platform. The Alphabet Inc unit ignored a 2020 decision to negotiate in good faith for displaying snippets of articles on its Google News service, the Autorité de la ...

Bloomberg Londoners have returned to their city center with a bang. Rents in central districts surged 4.3% in June from the previous month, the fastest pace on record, as the easing of lockdown restrictions lured tenants back to urban life, according to estate agent Hamptons International. That’s the first time since the start of the pandemic that rents saw a ...

Bloomberg The European Union (EU) is set to propose all new cars sold from 2035 should have zero emissions, as part of an unprecedented plan to align its economy with more ambitious climate targets. The European Commission, the bloc’s regulatory arm, plans to require emissions from new cars and vans to fall by 65% from 2030 and drop to zero ...

Bloomberg Canada’s transportation authority imposed new rules on its two largest railroad companies operating in wildfire-ravaged British Columbia as it investigates whether a freight train caused a blaze that destroyed a village two weeks ago. Canadian National Railway Co. and Canadian Pacific Railway Co will have to ensure they can respond within 60 minutes to any fire detected along rail ...

Bloomberg Microsoft Corp. has agreed to acquire RiskIQ, a security software maker, as the tech giant tries to expand its products and better protect customers amid a rising tide of global cyberattacks. The deal will be announced as soon as the next few days, said the people, who asked not to be identified speaking about an acquisition that isn’t yet ...

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated a series of road networks and strategic development projects implemented with the aim of shortening the distance and transportation time between various regions and emirates in the country. Completed at a total cost of AED1.95 billion, the projects were implemented ...

ABU DHBAI / WAM The value of Abu Dhabi’s foreign trade of foodstuffs amounted to AED7.51 billion during the first five months of 2021, reflecting emirate’s maintain its commercial activity levels, according to data issued by the General Administration of Customs in Abu Dhabi (Abu Dhabi Customs). In terms of foodstuff trade, the number of customs transactions reached 72,918 (66,389 ...