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UAE’s Al Dahra to invest $500 million in Romania

ABU DHABI / WAM Al Dahra has announced that following its acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company plans on investing an additional $500 million in Romania over the coming five years, in various sectors. This announcement coincides with a visit to Romania by a delegation comprising the executive leadership team from Al ...

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Trump imposes next batch of China tariffs

Bloomberg The Trump administration’s tariffs on another $200 billion in Chinese goods kicked in on Monday, ramping up a trade war between the world’s two biggest economies. The latest round of US duties took effect just after midnight Washington time on Monday on a list of products ranging from frozen meat to television components. China is poised to retaliate with ...

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UAE, ICRC sign $11mn deal to boost aid efforts

NEW YORK / WAM The UAE Ministry of Foreign Affairs and International Cooperation has signed a cooperation agreement with the International Committee of the Red Cross (ICRC), to support the humanitarian response plan in Yemen, Myanmar and the Democratic Republic of Congo, in addition to support ICRC’s budget, totaling AED40.4 million ($11 million). Under the agreement, the UAE will provide ...

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