News

Bloomberg Kansas City Southern agreed to a $30 billion merger with Canadian National Railway Co, scrapping a $25 billion deal with Canadian Pacific Railway Ltd. after it declined to boost its offer. Under the deal, Canadian National will pay $200 and 1.129 shares of its stock for each share of Kansas City Southern, the US railroad said. Kansas City Southern ...

Bloomberg The UK economy is firing on all cylinders as it emerges from months of lockdown, with the private sector expanding at the fastest pace in at least 23 years and retail sales surging. IHS Markit said that its measure of private-sector growth this month hit the highest since the index began in 1998, with hotels, restaurants and other consumer-facing ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC) and the Tamouh Healthcare Company, have launched a joint initiative to provide Covid-19 vaccines to countries facing challenges in limiting the spread of the pandemic on their lands, in support of the UAE’s efforts to address the repercussions of the virus globally. The two sides, at the ERC’s headquarters in Abu ...

New York / WAM The creative and cultural industry has played an essential role the world over throughout the Covid-19 pandemic and deserve more support moving forward, the President of the UN General Assembly said. “As we deliberate on the role of the creative sectors in supporting and being supported by a recovery from Covid-19, let us ensure that we ...

Dubai / WAM Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, has emphasised the UAE leadership’s keenness on enhancing cooperation and strategic partnerships to modernise government work with Arab and international governments, expand horizons for sharing experiences, success stories, and knowledge exchange aimed at raising levels of efficiency and government performance and improving living standards of societies. Al Gergawi ...

Bloomberg Hackers infiltrated the servers of Air India Ltd. and gained access to personal data of 4.5 million fliers, the nation’s flag carrier said. Personal data of passengers registered between August 2011 and February 2021 were compromised in the attack, the carrier said in a note to fliers that was shared via Twitter. The details included credit card and contact ...

Bloomberg The International Monetary Fund (IMF) called for a $50 billion spending plan to protect vast swaths of the world against Covid-19 and narrow a gap in access to life-saving vaccines that’s threatening the global economic recovery from the pandemic. That investment would fund an ambitious effort to immunise at least 40% of the global population by the end of ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) revealed that it has completed about 49,131 electronic transactions during the last four months covering a wide array of services offered by the chamber to the business sector, such as certificates of origin and membership ratifications. The chamber also stated that all its services have become 100 percent electronic, ...

Dubai / WAM The Saudi-Emirati Housing Council, one of the initiatives of the Saudi-Emirati Coordination Council, held its fourth meeting in Dubai. The virtual meeting was attended by Prince Saud bin Talal bin Badr, Under-Secretary at the Ministry of Municipal and Rural Affairs and Housing for housing subsidies, and General Supervisor of the International Cooperation Department at the ministry led ...

Dubai / WAM Following its strategic plan 2021-2026 towards the leadership of safe customs internationally, Dubai Customs supported its Siyaj smart initiative with ten environmentally friendly buggies. Two of them will work for the K9 Unit to support with inspection operations. The new buggies will cover the sea customs centres (Dubai Creek, Deira Wharfage, Hamriya Port, and Port Rashid). Thanks ...