ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s National Rail Network, has signed a strategic partnership agreement with Western Bainoona Group. Etihad Rail will deliver rail freight services to the Group for their construction materials from Western Bainoona Group’s facilities in Fujairah to Abu Dhabi and Dubai. The agreement comes following the directives of HH ...

DUBAI / WAM Dubai’s business events sector continues to build on its momentum as one of the first cities in the world to reopen for international meetings, with a busy calendar of high profile conferences, meetings and incentives on the horizon through the rest of 2021 and into 2022. Following on from the resumption of international tourism to the city ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies; and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced on Tuesday that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun. Financing for the project — Indonesia’s first floating solar power plant — was ...

ABU DHABI / WAM The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to facilitate international cooperation on the exchange of intelligence concerning anti-money laundering and combatting the financing of terrorism. The signing of this MoU is in line with the objectives of the UAE and ...

SHARJAH / WAM To boost investment activity in Sharjah, the Alef Group, a leading real estate developer and a pioneer in developing world-class lifestyle experiences in Sharjah, and the Sharjah Investors Services Centre (SAEED) recently signed an MoU to provide more facilities for investors and entrepreneurs to establish or expand their businesses in the emirate. The agreement was signed by ...

There’s a strong case that Congress should give legal status to millions of immigrants who are here illegally, at least under certain conditions. There’s a case, reasonable though not as strong, that we ought to have legislative rules that allow a bare majority of Congress to make that change in our laws. There is, by contrast, no real case that ...

Chinese billionaire Li Shufu has made a habit of shuffling around the pieces of his sprawling empire to find the best value. Yet none of that grand strategising has addressed his main problem: a growing pile of debt. Every few months, Zhejiang Geely Holding Group Co, the parent company of Hong Kong-listed Geely Automobile Holdings Ltd and Sweden’s Volvo Car ...

With the highly transmissible delta variant spreading rapidly in the US and Covid-19 vaccine uptake in some areas still disappointingly low, it makes sense to push every lever available to get people protected. One underused tool is is the cost of health coverage. Health insurance is a significant expense for many Americans and could create powerful financial motivation for holdouts ...

As President Joe Biden moves towards another legislative victory — namely, the $550 billion infrastructure bill — it’s worth asking what its success says about American politics. Mostly it’s good news, whether or not you agree with the policies of the Biden administration. The most enduring truth is that the median voter theorem, as social scientists refer to it, continues ...

Bloomberg American Airlines Group Inc agreed to buy a stake in JetSmart Airlines SpA, a privately held, low-cost carrier based in Chile, and establish a partnership that the larger carrier hinted could open the door to additional deals with other discounters operated by Indigo Partners LLC. American will spend an undisclosed amount for an unspecified minority stake in JetSmart, one ...