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ABU DHABI / WAM Sanad, an industry leader in aerospace engineering and leasing solutions, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened ...

Bloomberg India is considering a floor price for natural gas produced from local fields to shield explorers like state-run Oil & Natural Gas Corp (ONGC) as tariff slumps, people with knowledge of the matter said. Shares of explorers gained. The proposal being considered by the oil ministry pegs the price to the popular benchmark Japan-Korea Marker that is used for ...

Bloomberg A bruising Senate confirmation fight over President Donald Trump’s Supreme Court choice may seal the fates of several incumbent senators in the November election, though it has yet to drastically alter the odds for which party will control the chamber. Trump’s decision to nominate Judge Amy Coney Barrett to the high court with just weeks to go before Election ...

Bloomberg The UK could be facing a long-term increase in the size of the state as well as a substantial tax increase as a result of the coronavirus pandemic, according to the Institute for Fiscal Studies. The influential research group said on Tuesday it is “highly plausible” that government spending is around 45% of gross domestic product by the middle ...

Bloomberg Swedish confidence indicators rise for a fifth consecutive month in September, to levels not seen since the outbreak of the coronavirus pandemic. The overall economic tendency survey rise to 94.5, from a revised 87.6 in August, the National Institute of Economic Research said on Tuesday. That is the highest level since February, before the pandemic sent sentiment plunging to ...

Bloomberg Economic confidence in the euro area continued to improve in September, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook. A European Commission sentiment index rises for a fifth month to 91.1, exceeding economists’ median estimate. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound ...

Bloomberg Germany may join other European nations in limiting the number of people at private and public gatherings in areas with high coronavirus infection rates, as officials across the continent labor to reverse a recent uptick in cases. Chancellor Angela Merkel will recommend restricting private meetings to 25 people and public gatherings to 50 people when she holds talks with ...

DUBAI / WAM Jebel Ali Free Zone (Jafza) entered into a strategic agreement with Etihad Export Credit Insurance Company (ECI) to support local businesses, advance exports, and drive the UAE economy during the current economic climate. The Memorandum of Understanding (MoU) was signed virtually by Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region and CEO of ...

NEW DELHI / WAM India’s Ministry of Civil Aviation on Monday announced a packed schedule of 270 repatriation flights out of the UAE commencing October 1 to bring back its citizens who wish to return home to face disruptions caused by the coronavirus pandemic. The ministry said its new schedule, which will run until October 25, constitutes the seventh phase ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has reinforced its pharmaceutical logistics expertise with the launch of PharmaLife, a specialised pharma and healthcare product which replaces the carrier’s TempCheck product. As the first carrier in the Middle East to gain International Air Transport Association’s Centre of Excellence for Independent Validators (CEIV) certification ...