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France earmarks $17b for aerospace industry

Bloomberg France unveiled an aerospace rescue plan to bolster European planemaker Airbus SE and its financially-strapped suppliers with measures aimed at preventing massive job losses and underpinning aircraft orders. The sweeping aid package laid out on Tuesday by Finance Minister Bruno Le Maire, worth about 15 billion euros ($17 billion), provides investment, payroll subsidies and credit guarantees to cushion the ...

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Covid-19: UAE sends medical aid to Maldives

Abu Dhabi / WAM As part of its leading humanitarian role in the fight against Covid-19, the UAE on Tuesday dispatched 72 tonnes of medical supplies to the Maldives to support efforts to curb the pandemic’s spread. The aid included critically-needed personal protective equipment and medical supplies expected to benefit more than 72,000 healthcare workers as they work to contain ...

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New autonomous ITVs all set to boost efficiency at Jebel Ali Port

Dubai / WAM Leading trade enabler, DP World, UAE region and the autonomous vehicle, robotics and AI specialist (DGWorld) has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITVs) including all related integrations in the existing operation processes and infrastructures. The contract signed between the two sides states that DGWorld will ...

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