Dubai / WAM Enoc group announced a partnership with Dynamic Fuels to become the official distributor of Enoc’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers. Under the agreement, Dynamic Fuels will market and distribute Enoc group’s wide range of marine ...
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ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...
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HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...
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Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained ...
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Bloomberg North Korean leader Kim Jong-un is convening a key ruling party body on Wednesday for the first time in eight months to address a “crucial†mystery issue. He’s got plenty of tricky situations to choose from. The state’s official Korean Central News Agency offered few clues about the gathering of the Central Committee, saying it will “discuss and decide ...
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Dubai / WAM During a meeting with the “Artificial Intelligence, Digital Economy and Teleworking Applications Team,” His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated, “Our priorities are the development of the digital economy that will contribute to our national economy, reinforce the country’s smart infrastructure, ensure our digital ...
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Abu Dhabi / WAM The Emirates Mars Mission (EMM) the first interplanetary mission undertaken by an Arab nation, on Monday announced the successful completion of TCM1 – its first trajectory correction manoeuvre and a major milestone for the mission as the Mars Hope probe continues its seven-month journey to Mars. The manoeuvre marks the first firing of the Mars Hope ...
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Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) has issued a new circular allowing owners of cinemas inside shopping malls across Abu Dhabi to resume operations and open their doors to the public provided they comply to the precautionary measures being implemented to curb the spread of coronavirus (Covid-19). In a statement by the Added on ...
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Dubai / WAM Dubai Customs reported a 23% growth in the value of Dubai’s foreign trade of sterilizers and disinfectants, which reached AED 70 million during the first half of this year, compared to AED 56.8 million in the corresponding period last year. Last June saw the highest rise in sterilisers trade by 95% to record AED18 million from AED9.8 ...
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Bloomberg India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co to Apple Inc’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced incentives that make niche firms — electronics manufacturers — eligible for a payment of 4%-6% ...
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