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Dubai / WAM Leading trade enabler, DP World, UAE region and the autonomous vehicle, robotics and AI specialist (DGWorld) has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITVs) including all related integrations in the existing operation processes and infrastructures. The contract signed between the two sides states that DGWorld will ...

ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DoH, have announced that the Abu Dhabi movement ban is to be extended by one week. The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafra) as well as in and out of ...

DUBAI / WAM Enoc Group has announced that it opened two new service stations in Lehbab and Al Qudra in Dubai. The opening of the two new service stations, both in key locations, takes the total number of ENOC service stations now in the UAE to 147. The Lehbab service station is conveniently located along Lehbab Road and will provide ...

DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Meraas will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness. Meraas ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced on Tuesday that it will no longer purchase paper supplies, adding that it would refrain from using some 8.5 million sheets of paper for 2020. The move comes as part of the Dubai Paperless Strategy, which aims to use advanced technology to build an integrated paperless government framework. Commenting ...

ABU DHABI / WAM Al Hilal Bank — a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB) — has completed the sale of Al Hilal Takaful, its Islamic insurance subsidiary, to Siraj Holding LLC. In a statement by the bank on Tuesday, the divestment was driven by Al Hilal Bank’s strategic decision to focus on delivering high-quality retail banking services, ...

Dubai / WAM Emirates airline has received approvals to carry passengers on flights to Kabul in Afghanistan, starting from June 25, taking to 30 the total number of destinations currently offered to travellers. In addition to Kabul, flights to the following cities can be booked on emirates website or via travel agents: Bahrain, London Heathrow, Manchester, Frankfurt, Paris, Milan, Madrid, ...

Bloomberg French economic output will take two years to recover from the virus-related slump that that will inflict even longer lasting damage on the labour market, the country’s central bank said. The Bank of France report shows that even with robust growth in the next two years, unemployment will continue rising to reach a record high close to 12% in ...

Bloomberg Demand for government bonds is showing no signs of letup, with Ireland securing record investor demand despite a host of countries, including the UK, selling debt. Ireland racked up more than 50 billion euros for its sale of 10-year debt, trumping the 33 billion euros secured in April. The UK meanwhile is selling 30-year bonds via banks against a ...

Bloomberg German exports plunged at a record pace in April when economies around the world shut down to contain the coronavirus. Sales abroad were down 31.1% from a year earlier, an unprecedented slump in the series that reaches back to 1950. Imports fell the most since the financial crisis a decade ago. German manufacturers were already suffering from weak demand ...