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Bloomberg The European Union (EU) is set to propose all new cars sold from 2035 should have zero emissions, as part of an unprecedented plan to align its economy with more ambitious climate targets. The European Commission, the bloc’s regulatory arm, plans to require emissions from new cars and vans to fall by 65% from 2030 and drop to zero ...

Bloomberg Microsoft Corp. has agreed to acquire RiskIQ, a security software maker, as the tech giant tries to expand its products and better protect customers amid a rising tide of global cyberattacks. The deal will be announced as soon as the next few days, said the people, who asked not to be identified speaking about an acquisition that isn’t yet ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated a series of road networks and strategic development projects implemented with the aim of shortening the distance and transportation time between various regions and emirates in the country. Completed at a total cost of AED1.95 billion, ...

DUBAI / WAM The ‘100 Million Meals’ campaign’s food aid distribution has been completed in Bangladesh, providing over 6.4 million meals across refugees camps. As part of the campaign, the United Nations World Food Programme (WFP) distributed e-vouchers to enable around 36,000 refugees to purchase their own food from stores, shops and bakeries in Rohingya refugee camps in Cox’s Bazar, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 79.6% of the Lusaily water reservoir, which has a storage capacity of 60 million imperial gallons (MIG). With investments totalling AED 175.4 million, the project is expected to be completed by the end of Q3 2021. ” Dewa works in line with its strategy to consolidate Dubai’s leading position ...

SHARJAH / WAM The Environment and Protected Areas Authority in Sharjah (EPAA) has started implementing a coral reef cultivation project in the Al Hamriyah region of Sharjah. The project aims to achieve sustainable development of marine life, increase biological cover and biodiversity as well as rehabilitate marine life in the area. The coral reef farming project in the Al Hamriyah ...

Bloomberg US Treasury Secretary Janet Yellen will press European Union (EU) officials in Brussels to reconsider their plan to propose a digital levy after securing the Group of Twenty’s endorsement for the principles of a global corporate-tax agreement. Yellen is in Brussels following the gathering of G-20 finance ministers and central bankers in Venice, which concluded with the group’s call ...

Dubai / WAM Emirates Global Aluminium (EGA) marked on Sunday the 100th shipload of bauxite exported from the Republic of Guinea since the start-up of its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation (GAC) in August 2019, according to an EGA press release on Sunday. EGA uses capesize vessels to transport much of its bauxite ore. Capesize vessels are up to ...

Abu Dhabi / WAM Aldar Properties has announced the launch of the second phase of its Al Gurm development, a waterfront community on the south-west side of Abu Dhabi’s main island. The beach facing land plots at Al Gurm are exclusively available to purchase by UAE nationals, Aldar said in a statement on Sunday. A total of 71 new plots ...

SHARJAH / WAM Arada, a property development company in Sharjah, has announced that it has secured an AED250 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada megaproject in the heart of New Sharjah. The credit facility is in addition to an initial AED300 million financing arrangement secured from the bank at the start ...