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Bloomberg Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing. While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference ...

Bloomberg European freight forwarders are rejecting contracts to take loads into the UK due to fears the chaos at Dover could be repeated post-Brexit. Transporeon, a German software company that monitors real-time data on freight traffic and rates for more than 100,000 logistics service providers, said a “dramatic number” of freight forwarders had declined to take cargo into the UK ...

ABU DHABI / WAM A remarkable growth in bilateral trade and tourism between the UAE and Malaysia is an indicator of huge economic potential, the King of Malaysia told Emirates News Agency (WAM) in an exclusive interview. “The UAE has been one of Malaysia’s main trading partners in this region. In 2019, total trade between Malaysia and the UAE was ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider awarded contracts worth of AED1.39 billion in 2020, to cover the construction of new districts cooling plants and the expansion of its district cooling networks. Other contracts were concluded on energy transmission stations, thermal energy storage (TES) systems, procurement of pre-insulated pipes and metres, ...

ABU DHABI / WAM Wizz Air Abu Dhabi, the UAE’s newest national airline, on Tuesday confirmed that Athens will be its inaugural destination, with flights from Abu Dhabi International Airport starting on January 15, 2021. The airline is also to start flights from Abu Dhabi to Thessaloniki, starting on February 4, 2021. Commenting on the announcement, Kees Van Schaick, Managing ...

Abu Dhabi / WAM The government has announced Friday, January 1, 2021, an official paid holiday for all private sector employees in the UAE, to celebrate the New Year. The announcement was made on Tuesday in a circular issued by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation.

Bloomberg Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York rise above $48 a barrel, though liquidity was thin in the period between Christmas and New Year. A dip in the dollar boosted the appeal of commodities such ...

Dubai / WAM Dr Aaesha Alnuaimi, Director of the Innovation Centre at Dewa, has won the International Solar Alliance Award and the Women in Renewables Asia of the Year Award 2020 for her outstanding contributions and important achievements in solar power, making her an inspiration for future generations of researchers. Saeed Mohammed Al Tayer, MD & CEO of Dewa, expressed ...

DUBAI / WAM Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region has won top international honours for its leadership in retail banking and digital innovation at the recently held 11th annual Retail Banker International (RBI) Asia Trailblazer Awards 2020. The bank was named Best Retail Bank in UAE in recognition of its ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has announced that the Al Wathba Wetland Reserve will reopen to the public from Friday January 1, 2021 to Friday April 30, 2021. The reserve was closed in mid-March as a precautionary measure in line with Covid-19 restrictions. Free to enter, the reserve will be open on Tuesdays, Wednesdays, ...