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DUBAI / WAM Etihad Credit Insurance (ECI) signed a memorandum of understanding with Mohammed Bin Rashid School of Government (MBRSG) to jointly build a framework of excellence for ECI that will help to upskill its employees and elevate their competency levels. This partnership will lay the foundation to develop and nurture ECI’s workforce that will ensure the sustained development and ...

Bloomberg Japanese consumers may face a costlier bill to stay warm this winter if South Korea bans exports of heating fuel to its neighbour as the trade feud between the two countries deepens. Kerosene is used as a fuel in portable stoves and fan heaters, particularly in the colder northern part of Japan. While local production accounts for about 90% ...

Bloomberg Huawei Technologies Co. expects US export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software. China’s largest technology company is seeking ways to replace key US suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said. ...

Bloomberg Deep in Europe’s manufacturing core, a German company is taking radical steps to cope with a perfect storm that has sent traditional economic pillars into a tailspin and put the country on the verge of recession. Huebner GmbH — a 73-year-old supplier of rubber and plastics that employs 3,300 people around the world — is selling its unit that ...

Bloomberg The founder of IWG Plc is planning to spin off the firm’s US business into a separately listed company in New York, Sky News reported. IWG Chief Executive Officer Mark Dixon is in talks with investment banks about creating a standalone business to rival WeWork Cos., London-based broadcaster said on its website. Sky said that IWG’s US operations could ...

Bloomberg A decision to close Europe’s biggest natural gas field is starting to raise concerns about the impact on the region’s biggest trading hub for the fuel. The Dutch Title Transfer Facility has grown into Europe’s largest gas market in the past few years, surpassing the UK, partly because of the scale of flows converging in the Netherlands. A plan ...

Abu Dhabi / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Narendra Modi, Prime Minister of India, discussed enhancing bilateral relations and reviewed a variety of regional and global issues of common interest. During an official session at Qasr Al Watan, HH Sheikh Mohamed bin ...

ABU DHABI / WAM Around 175,000 merchant acceptance locations of 21 businesses and 5,000 ATMs in the UAE will soon start accepting India’s RuPay card, it was announced on Saturday. RuPay card, an Indian indigenous equivalent of Mastercard or Visa, was launched in the presence of Indian Prime Minister Narendra Modi who swiped his card for buying Indian sweets at ...

Dubai / WAM The UAE has ranked first in the Arab region according to the 2019 Government Electronic and Mobile Services (Gems) Maturity Index. Issued by the United Nations Economic and Social Commission for Western Asia (ESCWA), the indicator is a measuring tool of progress at the national level in achieving transition to digital services. It was carried out across ...

CHENNAI / DUBAI / WAM DP World UAE Region and Jebel Ali Free Zone (Jafza) showcased their capabilities and offerings at the FoodPro Exhibition and Conference organised by the Confederation of Indian Industry (CII) in Chennai, India to support and facilitate India’s food and beverage exports. The DP World team engaged with F&B companies looking to expand their businesses outside ...