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UAE calls for restoring deficit of trust in Mideast

NEW YORK / WAM “Diplomacy will always be key to solving the region’s crises, so we must renew our efforts to see it strengthened,” said Lana Nusseibeh, Ambassador and Permanent Representative of the UAE to the United Nations, at a critical UN Security Council debate on the situation in the Middle East and North Africa chaired by the Deputy Foreign ...

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Safety of civilians in Hodeidah ‘of the utmost importance’

Abu Dhabi / WAM The United Arab Emirates, as part of the Saudi-led Arab Coalition, views the safety of civilians in the Red Sea port of Hodeidah and the delivery of humanitarian aid to them as being “of the utmost significance,” according to Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation. She added that “We have set ...

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Dubai to get world’s largest vertical farming facility

Dubai / Emirates Business Emirates Flight Catering (EKFC) and Crop One will co-invest $40 million to build the world’s largest vertical farming facility near Al Maktoum International Airport at Dubai World Central. The project is a joint venture (JV) with US-based Crop One Holdings, the world’s leading vertical farm operator. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and ...

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Year of Zayed immigration stamps launched

Abu Dhabi / Emirates Business In partnership with The Department of Immigration, Abu Dhabi International Airport (AUH) has rolled out new immigration stamps commemorating the Year of Zayed. All travelers requiring an entry or exit stamp while traveling to or from the airport will receive a special Year of Zayed themed mark in their passport, replacing the regular immigration stamp ...

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ERC continues aid distribution to liberated areas of Hodeidah

Hodeidah / WAM Emirates Red Crescent (ERC), teams continue to distribute humanitarian and food aid to the people of the liberated areas in Hodeidah governorate and surrounding areas within the framework of UAE’s relief bridge to improve the living conditions of Yemenis, alleviate their suffering, and stabilise the current humanitarian situation in Yemen. The move is in line with the ...

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Al Zeyoudi leads UAE delegation to Netherlands

Dubai / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, is leading a UAE delegation on an official visit to the Netherlands that aims to explore new areas of cooperation and exchange expertise in environmental protection, agriculture and livestock breeding. From June 26-28, the delegation is meeting with Carola Schouten, Dutch Deputy Prime Minister and ...

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China trade fight puts billions in US energy projects in doubt

Bloomberg China Energy Investment Corp pledged almost $84 billion in shale gas and chemical manufacturing projects across West Virginia after President Donald Trump’s trade mission to Beijing in November, but when it came time to discuss details officials were a no-show. The chief executive and other officers of the world’s largest power company cancelled a visit to a petrochemical conference ...

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Idled Ghana oil refinery seeks finance guarantees

Bloomberg Ghana’s state-owned oil refinery is seeking credit guarantees from the government after lenders declined to issue it loans for crude purchases, according to two people familiar with the matter. The Tema Oil Refinery, 29 kilometers (18 miles) east of the capital, Accra, halted production on June 21 after running out of crude stock, said the people, who asked not ...

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Ingenico on takeover radar amid Europe fintech Frenzy

Bloomberg Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter. The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of ...

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