News

Bloomberg Tropical Storm Beta formed in the Gulf of Mexico, where it could menace the south Texas coast as a hurricane next week. Beta has winds of 60 miles (95 kilometers) per hour and was about 305 miles east of the mouth of the Rio Grande, the US National Hurricane Center said in an advisory at 11 pm New York ...

Bloomberg Rush hour is back with a vengeance in Mexico City, diners have returned to restaurants in Bogota and joggers have flocked to Buenos Aires’s parks. In Sao Paulo and Rio de Janeiro, crowds have packed beaches and even the sprawling fake lawn beneath Alphabet Inc’s regional headquarters. In Latin America’s big cities, as in other places around the globe, ...

Abu Dhabi / WAM The Ministry of Finance (MoF) announced the launch of the Third Generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national banks across the UAE. According to the ministry, these new cards facilitate the collection of state fees and revenues, make transactions more convenient, and give customers easier and safer e-payment methods when ...

Bloomberg Oil extended gains to trade near $39 a barrel in New York, buoyed by an industry report of a surprise drop in US crude stockpiles and advances in other financial markets. The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. That contrasts with an increase forecast in ...

Dubai / WAM Emirates NBD, a leading banking group in the Middle East, North Africa (Mena) region and Bank Leumi Le-Israel, one of Israel’s leading banks, signed an MoU. One of Israel’s longest-standing banks, Bank Leumi previously served as the central bank of Israel until 1954. It currently holds an approximate 30% market share in the Israeli banking system. The ...

DUBAI / WAM The Dubai Airport Freezone Authority (Dafza), has announced that it hosted a webinar to highlight the growth opportunities in the Islamic economy. The webinar took place after the launch of the second edition of the Halal Guidebook entitled ‘Dubai – A Global Gateway for Halal Industry: A Step-by-Step Guide’. The guidebook unveils key trends that will have ...

Bloomberg The European Union’s (EU) executive proposed toughening the bloc’s targets for fighting climate change in a move to cut industrial pollution and spur a green economic recovery. The 27-nation EU should tighten its emissions-cutting goal to at least 55% by 2030, European Commission President Ursula von der Leyen said on Wednesday. The current objective, agreed just six years ago, ...

Sharjah / WAM In implementation of the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Charity International (SCI) launched its Sudan Relief campaign which includes distributing packages of food, tents, and medical aid, to affected families through the Khartoum branch of SCI. The humanitarian campaign entitled “From Sharjah to Sudan” ...

Abu Dhabi / Emirates Business As part of its ongoing digital transformation drive, Abu Dhabi Ports has launched the Smart Container Initiative that will house its digital solutions in a resilient, safe and optimised eco-friendly mobile environment. Powered by clean energy, the solar-panelled steel and aluminium smart container uses environmentally friendly technologies such as in-row cooling, renewable energy and efficient ...

Abu Dhabi / WAM The Federal Electricity and Water Authority (Fewa) won three awards in the international business awards “The Stevies” in its 17th edition 2020, as it was announced on the award’s official website. High-achieving organisations and executives around the world have been recognised as Gold, Silver, and Bronze Stevie Award winners in the 17th Annual International Business Awards. ...