Uncategorized

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to ...

  Bloomberg The European Union will snub a request by Russian Foreign Minister Sergei Lavrov for the bloc’s member countries to respond individually to Moscow’s demands on the region’s security framework. Josep Borrell, the bloc’s foreign policy chief, will respond on behalf of the 27 EU members, according to a draft of the letter seen by Bloomberg. The EU response ...

  Bloomberg French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at the start of 2022, according to Insee. The government has earmarked 15.5 billion euros ($17.7 billion) to curb the impact of inflation for households, most of which for mechanisms to limit the effect of ...

  Bloomberg GlaxoSmithKline Plc expects profit to rise this year as the UK drugmaker prepares to spin off its consumer-health business, its biggest shake-up in more than two decades. Earnings for the pharma and vaccines businesses are expected to rise 12% to 14% in 2022 on an adjusted basis, Glaxo said on Wednesday. The shares rose as much as 1.4% ...

  Bloomberg AP Moller-Maersk agreed to buy Pilot Freight Services LLC for $1.68 billion, shoring up its road-transport business while signaling an unprecedented boom in container shipping may be starting to fade. The deal announced on Wednesday coincides with a 2022 profit forecast that falls well below analysts’ estimates. Maersk said it expected a strong first half before a “normalisation ...

  Bloomberg Microsoft Corp is in talks to acquire cybersecurity research and incident response company Mandiant Inc, a deal that would bolster efforts to protect customers from hacks and breaches. The deliberations may not result in an offer, said the people, who asked not to be identified because the talks are private. Mandiant and Microsoft declined to comment. Mandiant shares ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced a financial grant towards the Douglas Melton Laboratory at the Harvard Stem Cell Institute, to bolster research focusing on accelerating gene editing approaches for pancreatic beta cell replacement therapy. The grant comes ...

  Abu Dhabi / WAM Following the announcement of the listing of its shares on the primary market of the Abu Dhabi Securities Exchange (ADX), AD Ports Group on Tuesday commemorated its landmark achievement with an official bell ringing ceremony. The shares began trading on ADX on Tuesday under the ticker symbol “ADPORTS”. The ringing of the bell was conducted ...

  Abu Dhabi / WAM The UAE’s air defence system has been very effective to thwart recent missile attacks on the country; still, the United States will work with the UAE to further improve the system, a top US military commander told the Emirates News Agency (WAM) on Monday. General Kenneth F McKenzie, Commander of the US Central Command (Centcom), ...