DUBAI / WAM Mohammed Abdulla Ahli, Director-General of the Dubai Civil Aviation Authority (DCAA), and CEO of Dubai Air Navigation Services (dans), stressed that the aviation sector, which accounts for some 30 percent of Dubai’s GDP, will play a significant role in the success of Expo 2020 by providing superior facilities and logistics services to exhibitors and visitors. He noted ...
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Make-A-Wish drive to fulfill wishes of cancer-stricken kids
ABU DHABI / WAM The Make-A-Wish Foundation on Sunday launched a childhood cancer awareness campaign that will also help realise the wishes of children with the disease by raising donations through SMS. The 30-day awareness campaign titled, ‘Cancer Steals Childhood and A Wish Returns it’, was fulfilled as per the directives of Shaikha Shaikha bint Saif Bin Mohammad Al Nahyan, Honorary ...
Read More »Warsan project set for pre-Expo 2020 Dubai handover
DUBAI / WAM Construction on the Warsan residential project is well underway for a timely delivery for Expo 2020 Dubai, the project’s developer wasl properties announced on Sunday. The Warsan project will comprise 35 buildings in a community-style layout that when completed will provide – 3,866 residential units, 3,380 shared units, 360 studio units, and 126 one-bedroom apartments – spread ...
Read More »UK’s Johnson unveils more spending as election looms
Bloomberg UK Prime Minister Boris Johnson pledged billions of pounds for education, social care and transportation, and warned Conservative lawmakers to get behind his Brexit plan or face losing their party affiliation. Prime minister tells Sunday Times: “The fundamental choice is this: are you going to side with Jeremy Corbyn and those who want to cancel the referendum?†Michael Gove, ...
Read More »NHC: ‘Catastrophic’ Hurricane Dorian turns into category 5
Bloomberg The National Hurricane Center (NHC) upgraded Hurricane Dorian to a “catastrophic†Category Five, the highest on its five-point scale, as the storm readies to batter the Bahamas with life-threatening surges of water and devastating winds. The forecast for Florida improved in the past day even as the situation for North Carolina is beginning to look grim. Yet the slow-moving, ...
Read More »US poised to sign 5G deal with Poland amid Huawei row
Bloomberg The US and Poland are poised to sign an agreement on 5G security as President Donald Trump’s administration seeks to persuade European nations to block Huawei Technologies Co and other China telecommunications firms from their networks. A joint declaration on the technology could be signed as Vice President Mike Pence travels to Warsaw, according to a senior administration official ...
Read More »Tesla gets exemption from China’s 10% tax on car sales
Bloomberg Tesla Inc won exemption from a 10 percent purchase tax on the vehicles it sells in China, scoring a significant break despite trade tensions between the country and the US. The exemption, which typically is reserved for domestic makers of electric vehicles, affects all Tesla models sold in China, the nation’s industry ministry said on its website. Tesla shares ...
Read More »Antin explores sale of Dutch network owner Eurofiber
Bloomberg Antin Infrastructure Partners is exploring a sale of Dutch fiber-optic network owner Eurofiber that could value the company at more than 1.5 billion euros ($1.7 billion), people with knowledge of the matter said. The Europe-focussed private equity firm has had preliminary contact with potential buyers, including infrastructure funds, to gauge their interest, the people said, asking not to be ...
Read More »VW to restate mileage on US gas-powered cars
Bloomberg Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay $96.5 million to drivers after an investigation discovered software that could optimise efficiency during government tests but not during real-world driving. A joint investigation between the US Environmental Protection Agency and the California Air Resources Board discovered the automaker had equipped roughly 1 million vehicles with ...
Read More »Modi’s $5trn GDP goal hits hurdle: debt at road builder
Bloomberg India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. “National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,†the prime minister’s office wrote to NHAI in a letter. “NHAI mandated ...
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