Dubai / WAM The Dubai Chamber of Commerce and Industry and the Consulate-General of Canada in Dubai discussed opportunities in areas such as digitalisation, logistics, e-commerce, life sciences and sustainable technologies, via videoconference. The meeting, which was chaired by President and CEO of Dubai Chamber of Commerce and Industry Hamad Buamim and Consul-General of Canada in Dubai Jean-Philippe Linteau, highlighted ...

DUBAI / WAM DP World’s flagship Jebel Ali Port has welcomed HMM GDANSK, one of the world’s largest container vessels, which is now on the return leg of her maiden international voyage between the Far East and Europe. Jebel Ali is the only port in the Arabian Gulf region connected to the arterial FE3 (Far East 3) loop with the ...

Dubai / WAM The Dubai International Financial Centre’s (DIFC) Gate Avenue has been awarded the prestigious LEED (Leadership in Energy and Environmental Design) Gold accreditation from the US Green Building Council and Green Building Certification Inc. Gate Avenue was awarded the LEED certification for successfully fulfilling the prerequisites and credits across nine measurements for building excellence from integrative design to ...

Bloomberg Egypt has begun talks over plans to sell electricity to Europe and Africa, pressing its advantage as a producer of cheap renewable energy in a bid to become a regional export hub, the head of its sovereign wealth fund said. The nation, which has a surplus of electricity, sees unspecified “power-hungry” countries to the north as possible customers, according ...

Bloomberg London-based private-equity firm Actis is looking at African energy projects to add to the $1 billion it has already invested in the sector on the continent. “We’re seeing some new opportunities that we’ve not yet approved,” Neil Brown, a partner and head of the Investor Development Group at Actis, said in an interview. Investments will probably be spread across ...

Bloomberg The Mekong is one of Asia’s most important rivers, supporting 60 million people in Southeast Asia. But for the second consecutive year, the lower Mekong basin has hit a record low water flow, affecting irrigation, rice production and fisheries, all vital to the region’s food security. The drought has also damaged habitats for turtles, reptiles and other critically endangered ...

Like most people outside of the Kremlin, mainstream German politicians are outraged about the poisoning of Alexey Navalny, the Russian opposition leader who’s being treated in a Berlin clinic and has just come out of a coma. Then again, they’ve been outraged countless times about whatever Russia under President Vladimir Putin has got up to. And their indignation has never ...

As the eighth round of trade talks with the European Union is about to start, UK government officials from the chief trade negotiator, David Frost, to Foreign Secretary Dominic Raab have put out the word that Britain is ready to walk away. To underscore the point, Boris Johnson is setting a deal deadline of October 15. The PM  is also ...

Better late than never? Three years of efforts to combine China’s giant state-owned chemicals companies Sinochem Group Co and China National Chemical Corp, or ChemChina, may finally be paying off. A merger between the two unlisted companies is at last “in progress,” Frank Ning, the chairman of both companies, said last week. Such a deal would create a behemoth with ...

The presidential campaign of Joe Biden and Kamala Harris has a proposal aimed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers. It’s a step almost exactly in the wrong direction. Under current policy, standard deferred tax retirement plans, including 401(k)s, IRAs and other variants, are taxed at distribution time rather than contribution ...