DUBAI-BERBERA / WAM DP World Berbera, a regional maritime hub in the Horn of Africa, on Tuesday welcomed the arrival of three new ship-to-shore (STS) gantry cranes, as part of its current project to expand and further develop the Port of Berbera. The three cranes were brought to the port by the vessel Zhen-Hua 29, and were safely off-loaded in ...
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Covid-19: UAE reports 410,736 total recoveries
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 208,085 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
Read More »Expo 2020 Volunteers Program calls for enrollment by March 31
DUBAI / WAM Expo 2020 Dubai has urged UAE citizens and residents who wish to act as ambassadors for the country and help welcome millions of visitors to the first World Expo in the region to sign up for the Expo 2020 Volunteers Programme, with applications set to close on March 31. Following a huge response garnered with the support ...
Read More »Abu Dhabi Court convicts four people, jewellery firm for defrauding 4,000 people
ABU DHABI / WAM The court in charge of the fight against money laundering and tax evasion within the Abu Dhabi Judicial Department (ADJD) convicted four accused persons, all Asians, and a company owned by one of the accused, for committing money laundering and fraud against 4,000 victims of the same nationality and appropriating their money by enticing them with ...
Read More »Emirates marks one year of passenger freighter operations
Dubai / Emirates Business On Monday, March 16, 2020, Emirates flight EK 2503 took off from Dubai to Kuwait. Although operated on a Boeing 777-300ER passenger aircraft, EK 2503 carried no passengers but about 34 tonnes of bellyhold cargo that was urgently required in Kuwait. It was the first time in the history of its operations that Emirates had operated ...
Read More »UK exports to EU tumble as Brexit disruption roils trade
Bloomberg UK trade with the European Union (EU) deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised. UK goods exports to the EU fall almost 41% in January from a month earlier, while imports from the bloc dropped 29%, data from the Office for National ...
Read More »Remote work listings in US doubled in year
Bloomberg US job listings that tout working remotely as a perk have more than doubled in the past year, signaling that top companies will keep using the benefit to woo employees even as the pandemic winds down, according to job-search site Indeed. As of February, 6.9% of Indeed job postings cited remote work as an option, compared with 2.9% in ...
Read More »Nokia to cut 10,000 jobs in latest cash savings plan
Bloomberg Nokia Oyj plans to cut up to 10,000 jobs in the coming years as the telecommunications equipment maker looks for new ways to save money and stay competitive with rival Ericsson AB. The measures are intended to cut 600 million euros ($715 million) off Nokia’s cost base by the end of 2023, the Finnish company said in a statement ...
Read More »Blowout jobs report signalling economic resilience in Canada
Bloomberg Canada’s labour market roared back to life in February after authorities began lifting lockdowns, a striking sign of the nation’s economic resilience to the second wave of pandemic. The economy added 259,200 jobs in February, Statistics Canada reported in Ottawa, well ahead of expectations for a 75,000 gain. It’s the first month of gains since November, when a new ...
Read More »eToro nears $10b merger with Betsy Cohen
Bloomberg Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not to be identified. The ...
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