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  Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a secure network ...

Bloomberg Chancellor Olaf Scholz announced that Germany will supply Ukraine with IRIS-T guided missiles as he pushed back against persistent criticism that the government in Berlin is dragging its feet on sending heavy weaponry. “In the coming weeks we will continue to deliver weapons,” Scholz said in an address to the lower house of parliament. Germany will also contribute technical ...

Bloomberg German inflation hit another all-time high, adding urgency to the European Central Bank’s exit from crisis-era stimulus after numbers from Spain also topped economists’ estimates. Driven by soaring energy and food costs, data showed consumer prices in the continent’s biggest economy jumped as much as 8.7% from a year ago in May. Analysts surveyed by Bloomberg predicted an 8.1% ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from the President of the People’s Republic of China, Xi Jinping, during which, the Chinese president offered his condolences to His Highness and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. President Xi also highlighted the historic relations ...

  Dubai / WAM The Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Israel will help support the global supply chain and food security, a top official told the Emirates News Agency (WAM). “This CEPA comes at a critical time for the global economy. The world is beginning to emerge from the global pandemic, but challenges remain, not ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the full swing operation of its fourth district cooling plant in the Business Bay region, Dubai. The company stated that the total production capacity of the new plant had reached 50,000 refrigeration tons (RT), bringing the total capacity of Empower’s Business Bay district cooling project to more than 185,000 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...

Bloomberg European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption ...

Dubai / WAM The Dubai Financial Market (DFM) will organise its annual 2022 International Investors Roadshow on June 9-10, in collaboration with HSBC. The roadshow will connect senior executives of leading issuers of equities, sukuk and bonds on Dubai capital markets with numerous leading investment institutions globally. The resumption of DFM’s annual international investors roadshows in London, initiated in 2007 ...

  ABU DHABI / WAM Mubadala Health on Monday announced the signing of a memorandum of understanding (MoU) with the Abu Dhabi Early Childhood Authority (ECA) to provide world-class expertise from across its extensive network of healthcare entities in service of families across the emirate of Abu Dhabi. The partnership will see both entities collaborate on various initiatives designed to ...