Dubai / WAM DP World, UAE Region, the leading smart trade enabler, and Petrochem Middle East, the largest chemical distributor in the Middle East and Africa, signed a 30-year lease agreement that expands its business in the region. Petrochem Middle East will invest between $80 million to $90 million in developing a chemical terminal on Quay 7, adjacent to the ...

Bloomberg The European Union (EU) proposed a swathe of new rules to bring the world of finance in line with its ambitious goal to make the region carbon neutral by the middle of the century. The European Commission wants tighter measures on banks and credit rating agencies to better reflect the risks climate change poses to the financial system. The ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, a national airline of the UAE, has announced its latest route to Baku, Azerbaijan starting August 14. The launch of the new route will see the airline now fly to 29 destinations. Azerbaijan is currently on Abu Dhabi’s green country list meaning that travellers will not be required to quarantine upon arrival ...