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Abu Dhabi / WAM Sheikh Nahyan bin Saif bin Mohammed Al Nahyan, UAE Ambassador to Saudi Arabia, has affirmed that Expo 2020 Dubai is a unique global platform for creative minds, which will help in drafting a roadmap, enabling humanity to confront common global challenges and turn them into opportunities towards creating a better world. In an interview with the ...

ABU DHABI / WAM AD Ports Group announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during the first half of 2021 to local, regional, and international businesses, a clear indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports ...

Bloomberg The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher. Whether it’s giant container ships stacked high with of 40-foot steel boxes, bulk carriers whose cavernous holds house thousands of tons of coal, ...

Bloomberg Two of the leading investors at Italy’s Assicurazioni Generali SpA are escalating their battle with the insurer’s management in a push that could include replacing Chief Executive Officer Philippe Donnet. Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, reached an agreement to work toward “a more profitable and effective ...

Bloomberg UK Prime Minister Boris Johnson risks strangling growth with higher taxes on business to fix the public finances in the wake of the coronavirus pandemic, the country’s biggest business lobby said. The blunt criticism comes less than a week after Johnson and Chancellor of the Exchequer Rishi Sunak raised payroll levies on workers and companies to help fund health ...

Bloomberg Uber Technologies Inc lost another suit over its drivers’ working rights after an Amsterdam court ruled workers who ferry passengers using the Uber app in the Netherlands are covered by a local collective labour law. The legal relationship between Uber and its drivers meets all of the characteristics of an employment contract, the court said in its judgement. Uber ...

Bloomberg The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades. The revised forecast came after a stronger-than-expected expansion in the second quarter, paving the way for the government to roll out $4 billion of additional tax-relief measures and other assistance to combat rising prices. “Today ...

Dubai / WAM The value of exports and re-exports of Dubai Chamber members increased 21.8 percent year-over-year to reach AED147.3 billion in January-August 2021 period, supported by a rebound in trade activity in Dubai. The chamber pointed out that the exports and re-exports of its members recorded year-over-year growth of 43.9 percent, reaching AED21.4 billion in August. A total of ...

Dubai / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting at the Ministry’s headquarters in Dubai with Betty Maina, Cabinet Secretary of Kenya’s Ministry of Industrialisation, Trade and Enterprise Development. The meeting explored the prospects of economic and investment ...

ABU DHABI / WAM The UAE has participated in the 156th session of the Arab League Council, which was held in Cairo at the level of foreign ministers, and aimed to discuss various developments in the Arab region. Khalifa Shaheen Al Marar, Minister of State, represented the UAE at the meeting, which took place at the headquarters of the General ...