Dubai / WAM Dubai South announced that EZDubai, its fully dedicated e-commerce zone strategically located in the heart of Dubai South’s Logistics District is now 20 percent operational as part of its first phase where 27 percent is under development. The free zone which was launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has reinforced its pharmaceutical logistics expertise with the launch of PharmaLife, a specialised pharma and healthcare product which replaces the carrier’s TempCheck product. As the first carrier in the Middle East to gain International Air Transport Association’s Centre of Excellence for Independent Validators (CEIV) certification ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) unveiled an initiative for exempting electric vehicles licenced in Dubai from public parking fees for two years. The step supports Dubai’s Green Mobility Strategy by encouraging the use of this type of vehicles. “This initiative complements a previous initiative launched in 2018 designating parking slots in various parts of Dubai to ...

Bloomberg Devon Energy Corp agreed to acquire WPX Energy Inc in a $2.56 billion all-stock deal, creating one of the largest independent US shale producers and answering investor calls for consolidation at a time of crisis for the sector. Devon shareholders will own about 57 percent of the combined company, Devon and WPX said on Monday in a statement. The ...

Strong states grow stronger by putting limits on their own power; weak states become weaker by descending into arbitrariness. India has to choose which it wants to be. That’s the message being given to New Delhi by an international arbitration tribunal in The Hague. The panel threw out the Indian government’s $3 billion tax demand against Vodafone Group Plc, finding ...

Having delivered a heavy blow to the semiconductor plans of China’s biggest technology manufacturer, the US government now seems keen to knock down the nation’s biggest contract chipmaker. The action looks opportunistic. Export restrictions placed on Semiconductor Manufacturing International Corp (SMIC) mean US companies will have to apply for a license to sell some products to the Shanghai-based chipmaker. The ...

Keir Starmer, the Labour Party’s new leader, has made a smooth start wooing British voters. In his former career the leader of the UK’s official opposition was indeed a successful defense lawyer in human rights cases, knighted subsequently for serving as Director of Public Prosecutions. Now he’s restoring Labour’s fortunes after a disastrous election and leads Boris Johnson in the ...

Here is a paradox. It is pretty easy to predict the voting patterns of new Supreme Court justices. But it can be exceedingly difficult to predict the votes of justices in specific cases, which means that it can be difficult as well to predict how those cases are going to be decided. When President Bill Clinton appointed Stephen Breyer to ...

Bloomberg The top US aviation regulator plans to test-fly Boeing Co’s grounded 737 Max in an attempt to show an antsy public that proposed fixes will be safe, according to a notification sent to Congress. Federal Aviation Administration (FAA) chief Steve Dickson, who is licensed to fly the 737 along with several other jetliners from his time as a pilot ...

Bloomberg Delta Air Lines Inc warned it would take a pretax accounting charge of $2 billion to $2.5 billion after deciding to remove three aircraft types from its fleet amid an unprecedented collapse in air travel. The noncash impairment will be recorded in third-quarter results, which are due next month, Delta said in a regulatory filing. The company will retire ...