SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI) received a Romanian delegation as part of the efforts to enhance the bilateral economic relations, boost trade exchange, develop relations between business communities in both countries, and examine possibility of holding joint economic activities to introduce investment opportunities available on both sides. The meeting was attended by Abdullah Sultan ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the Emirates Lunar Mission, the first Emirati and Arab mission to explore the moon. The mission supports the UAE’s efforts to enhance the region’s space industry and contribute to its future built by ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development has officially launched the ‘SME Rating’, a digital classification system that provides a comprehensive overview of the logistics, operations and overall performance of SMEs. The SME Rating measures the SMEs through a key set of financial and operational evaluation criteria including financial and productivity management, business sustainability and human resources. The ...

Abu Dhabi / WAM The number of employed persons in the UAE accounted for 97.8 percent of the country’s working age population by the end of 2019, figures by the Federal Ccompetitiveness and Statistics Authority (FCSA) have shown, indicating that the majority of the total population are engaged in economically productive activities. The number of workforce was 7.388 million in ...

ABU DHABI / WAM Sanad, an industry leader in aerospace engineering and leasing solutions, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened ...

Bloomberg India is considering a floor price for natural gas produced from local fields to shield explorers like state-run Oil & Natural Gas Corp (ONGC) as tariff slumps, people with knowledge of the matter said. Shares of explorers gained. The proposal being considered by the oil ministry pegs the price to the popular benchmark Japan-Korea Marker that is used for ...

Bloomberg Mexican President Andres Manuel Lopez Obrador vowed to restore the national oil company to its former glory. Instead, Petroleos Mexicanos is drowning in debt, its oil output is declining, and now it appears to be losing fuel market share in its own backyard. In the past 21 months of the Lopez Obrador administration, Pemex has lost roughly 13% of ...

Most years, the end of the retail industry’s sales calendar is defined by a tidy succession of seasonal events: back-to-school, Halloween and Christmas. With the pandemic, this isn’t an ordinary year. The result? Those shopping rituals are poised to converge into a super season of sorts in October, creating a tricky balancing act that is bound to trip up some ...

India’s worst economic slump is no time for the government to sow doubts about the credibility of its institutions. The Reserve Bank of India (RBI) postponed its three-day, rate-setting meeting without giving a reason. It was probably cancelled because the panel didn’t have enough people to convene; the six-person committee requires four officials to proceed. The terms of three members ...

When Boris Johnson had his breakthrough meeting with then Irish leader Leo Varadkar outside Liverpool in 2019, he had a burning need to strike a Brexit deal and only one major obstacle standing in the way: the Irish border. Faced with either betraying Brexiters in his party, which would have been the end of his leadership, or plunging his country ...