News

Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince HRH Mohammed bin Salman looks to turn the kingdom into a global aviation hub. About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international ...

DUBAI / WAM Emirates has re-opened its dedicated First Class Lounge at Dubai International (DXB’s) Concourse B to serve the growing volume of premium customers travelling from and through Emirates’ hub, as more markets around the world ease restrictions and put in place protocols that enable international travel. Emirates will also continue to operate its Business Class Lounge in Concourse ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has been coordinating with the authorised drivers’ institutes to qualify instructors to undertake the training of drivers of delivery motorcyclists in the emirate. RTA is directly overseeing the induction of these drivers in tailor-made training courses approved by the concerned bodies. The initiative is part of RTA’s ongoing efforts to boost ...

Dubai / WAM Enoc group has renewed its agreement with Meisheng Investment Development Co. Ltd for another five years, for the exclusive supply and distribution of Enoc Lubricant products in China. The agreement enables Enoc to achieve its ambitious plans of distributing more than 20 million litres of products over the next five years; meeting the increasing demand for lubricants, ...

DUBAI / WAM The “100 Million Meals” campaign’s food parcels distribution has been completed in Tanzania, Kenya and Senegal, providing more than 750,000 meals to low-income individuals and families. In collaboration with the Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH) and the local authorities and charities, parcels of easy-to-store food items, including rice, flour, oil, and sugar, ...

Abu Dhabi / WAM Zaki Nusseibeh, Cultural Advisor to the UAE President and Supreme President of UAE University (UAEU), has emphasised that the UAE cultural diplomacy is based on the principle that “cultural exchange makes us all stronger because we share the same human values.” During a virtual seminar organised by the UAE Embassy in Kuwait entitled “Culture and its ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has begun implementing an executive regulation regarding marine water quality in Abu Dhabi. The regulation was approved by the agency’s Board of Directors to combat the deterioration of ambient marine water and sediment quality by applying measures to environmental impact assessment studies and environmental licencing applications. It strengthens the ...

Bloomberg France desperately needs pension reform, just not right away. That’s the message for President Emmanuel Macron from a chorus of top business leaders, days before he’s set to announce whether he’ll attempt change before the 2022 election. “There’s already a great deal of worry and uncertainty. It would be a gamble to add more,” Stephane Richard, chief executive officer ...

Bloomberg German Economy Minister Peter Altmaier poured cold water on a French proposal to give the European Union a lasting tool to raise common debt. France intends to push for a permanent mechanism on joint EU debt issuance to drive investment in innovation that member countries can’t finance on their own, according to Finance Minister Bruno Le Maire. The comments ...

Bloomberg Brookfield Asset Management Inc. has kicked off the sale of PD Ports, a deal that could value one of the UK’s oldest port operators at more than $2.8 billion, according to people familiar with the matter. The Canadian investment firm is working with advisers and has reached out to potential bidders. Brookfield expects to close a sale of PD ...