News

Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy (DSCE), has issued Directive No. 3 of 2021 on the regulation of Liquefied Petroleum Gas (LPG) trading, in order to protect the environment and society, by implementing the highest standards of safety and security. This includes the transportation, storage, and distribution of LPG, ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport announced that starting Sunday, taxis will start accepting cashless fare payments through PayBy. This new feature offers convenience, security, and a variety of payment options. It also reinforces levels of passenger safety using taxis, and enhances the quality of services provided to passengers through ...

Bloomberg The Biden administration is set to announce it’s reached a truce in a dispute with the European Union (EU) over metal tariffs, sparing iconic products from a doubling of EU duties next month, people familiar with the matter said. A resolution could be announced as soon as Monday, said the people. At issue is a high-profile dispute that started ...

Bloomberg US President Joe Biden’s pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc. Struggling multi-employer pensions, which are often tied to unions, will be able to apply for special financial assistance, thanks to the ...

Bloomberg Brazil’s economy czar has a candid assessment of his three-year relationship with Jair Bolsonaro: both men trust each other and continue to push for key reforms, although the president’s support for his minister’s pro-market agenda has been waning. Paulo Guedes told Bloomberg News that key proposals to overhaul the country’s tax system and curb public-sector costs will be approved ...

Bloomberg Colombia’s economy grew much faster than expected at the start of the year, with record low interest rates supporting a revival in domestic demand. Gross domestic product (GDP) expanded 2.9% in the first three months of the year from the previous quarter, more than three times the 0.9% median forecast from analysts surveyed by Bloomberg. GDP rises 1.1% from ...

Bloomberg Facebook Inc lost a court fight over an initial order from a European Union (EU) privacy watchdog threatening its transfers of users’ data across the Atlantic. An Irish court rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish Data Protection Commission’s decision. The dispute is part of the fallout from July’s ...

Bloomberg Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the US out of action. West Texas Intermediate and Brent both rose as gasoline surged as much as 4.2% to the highest since May 2018, before paring gains. Colonial Pipeline Co, a supplier of gasoline, diesel and jet fuel to the ...

SINGAPORE / WAM Jamal Abdullah Al Suwaidi, UAE Ambassador to the Republic of Singapore, has met with Grace Fu, Singaporean Minister of Sustainability and the Environment, to discuss means to further develop bilateral ties. The parties also reviewed ways to further promote cooperation between the UAE and Singapore, especially in the fields of environment and sustainable development. Al Suwaidi discussed ...

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, and Simon Penney, UK Trade Commissioner for the Middle East and Consul-General in Dubai and the Northern Emirates, have discussed ways to expand trade, investment, and cultural cooperation between Sharjah and Edinburgh, capital of Scotland in the UK. Al Qasimi emphasised that Edinburgh, ...