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Dubai / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced the completion of Al Jaffiliya, Etisalat and Union public bus stations at Al Jaffiliya, Al Qusais and Deira. The new stations are a further addition to Al Ghubaiba Bus Station, which was opened in the final quarter ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 174,172 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, 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 ...

Bloomberg The UK is still in the grip of the coronavirus crisis, but political speculation is already rife on how the country will manage the ballooning debt it has run up to fight the pandemic. With the nation still fresh from almost a decade of austerity, there’s little appetite for spending cuts to shrink a deficit on course to reach ...

Bloomberg The European Union (EU), set to become one of the largest issuers of green and sustainable bonds, will sell debt for the first time in 2021 off the back of record-breaking demand last year. The bloc will likely issue 14 billion euros ($17 billion) of seven-year and 30-year social bonds for a job support program in the coming week. ...

Bloomberg Instacart is cutting about 1,900 employees’ jobs, including 10 workers who formed a union, as the company seeks to boost its ranks of contract workers. The grocery delivery company already classifies most of its workers as independent contractors, whose numbers have ballooned to more than 500,000 during the coronavirus pandemic. But starting in 2015, the company hired a small ...

Bloomberg Volkswagen AG said a robust sales recovery toward the end of the year helped cushion annual results from the effects of the pandemic. Operating profit before one-time items related to VW’s diesel-emissions scandal falls to about 10 billion euros ($12.2 billion) last year, VW said in a statement, from 19.3 billion euros in 2019. Automotive net cash flow shrunk ...

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Infrastructure, has said that the UAE seeks to reduce the carbon footprint through the implementation of the Energy Strategy 2050, which aims to reduce carbon dioxide in the country by 70%. “The world aspires to accelerate the energy transition towards a low-carbon future and seeks to reduce emissions,” he ...

ABU DHABI / WAM/Agencies The Abu Dhabi Executive Council has approved a framework between Abu Dhabi Government and Aldar Properties for the development of capital projects in the emirate. The decision follows the recommendation of the Abu Dhabi Executive Committee to establish a public-private partnership framework for the development of capital projects in the emirate and the subsequent Memorandum of ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed), has announced that it is expanding its partnership with Masdar by developing and connecting Masdar and Tabreed infrastructure to help increase operating synergies further. The collaboration represents another major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world, and expands on Tabreed and Masdar’s existing ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday announced the commencement of a rehabilitation project of the historical Al Fahidi Fort, which is home to the Dubai Museum. The project is being carried out as part of the vision of the late Sheikh Rashid ...