Bloomberg Shares in European airlines slid after most of Europe closed its airspace to carriers from Russia, which reciprocated with its own bans. A Bloomberg gauge of European airlines dropped as much as 4.8%. In the broader market, the biggest decliners included British Airways-parent IAG SA, Deutsche Lufthansa AG and Air France-KLM. Smaller peer Finnair Oyj, which faces a wipeout ...

  Bloomberg Russian markets were paralysed and traders struggled to price the ruble as international sanctions shook the country’s financial system. The Russian currency lost a third of its value in offshore trading at one point and hit an all-time low of 109.185 per dollar in Moscow. Quotes were infrequent and volatile at the start of the session, and traders ...

  AMMAN / WAM The Emirates Red Crescent (ERC) has intensified its humanitarian efforts and relief programmes to reduce the repercussions of the severe cold and bad weather conditions on the lives of the affected and refugees in Jordan. The UAE provided more winter aid to benefit more than 120,000 people in several Jordanian governorates. The assistance included heating devices, ...

  ABU DHABI / WAM The total value of the UAE’s non-oil foreign trade in 2021 amounted to nearly AED 1.9 trillion, reflecting a 27 percent growth compared to 2020, and by 11 percent compared to 2019, as the growth was consistent across all areas of trade, including exports, imports and re-exports. The individual non-oil foreign trade figures of all ...

SHARJAH / WAM Ahmed bin Rakkad Al Ameri, Chairman of the Sharjah Book Authority (SBA), received a delegation of US senators including Gustavo Rivera, Kevin Thomas, and James Skoufis, to explore cooperation between the SBA and cultural affairs entities in the United States. During a meeting at SBA’s headquarters, the two parties discussed several topics related to the publishing industry, ...

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries as well as their collaborative initiatives around the world. The agreement between the two state-owned firms will bolster the ...

  Bloomberg Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as the oil-rich kingdom looks to boost production of the fuel. The fields, discovered by Saudi Aramco, are located in the country’s central region, the empty quarter desert, the northern border region ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) strongly participated in UAE Innovates 2022. It organised the Innovation Week 2022, until February 28, and held the series ‘Future Next’ virtually along with a group of workshops and panel discussions. The Innovation Tent at Dewa’s headquarters and the Festival Garden at Expo 2020 Dubai hosted key Dewa innovative projects and ...

  DUBAI / WAM The Ministry of Energy and Infrastructure (MoEI) organised a virtual forum titled ‘The Future of Autonomous Vessels in Maritime Shipping’ as part of its activities during the Innovation Month, held under the theme ‘UAE Innovates 2022’ Representatives from various sectors of the regional and global maritime industry such as A-Navigation, have tackled developing autonomous vessel technologies ...

  DUBAI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, visited the pavilion of Greece at Expo 2020 Dubai, the first World Expo to be held in the Middle East, Africa and South Asia. He explored the innovative experiences and tools on display, and the country’s approach to sustainable development. Dr Sultan Al Jaber ...