SHARJAH / WAM In fulfilment of its mission to provide a safe travel experience and pioneering services for all within an environment that supports innovation, the Sharjah Airport Authority (SAA) launched the distinctive sonic branding of Sharjah Airport. The musical tone, inspired by the sounds and movements of the airport, adds a new dimension to the airport’s identity. The sonic ...

DUBAI / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company — since its establishment in 2018 — is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

Abu Dhabi / WAM The Abu Dhabi Economic Development Department (Added) has announced the expansion of the Electricity Tariffs Incentive Programme (ETIP), launched in 2019 for industrial SMEs to join the programme once they meet the criteria, to encourage the use of the developed logistic infrastructure of Abu Dhabi to create a supportive eco-system. The ETIP comes as part of ...

Senator Kyrsten Sinema’s opposition to a corporate income tax increase has Democrats taking another swing at a carbon tax. If they manage to rally around the idea, it could be a milestone in global climate policy and the defining initiative of Joe Biden’s presidency. Whether Democrats can make this proposal happen is anyone’s guess. But it would have a better ...

The cryptocurrency crowd has wasted no time in dancing on the grave of China’s “FUD” (internet speak for fear, uncertainty and doubt). Last week’s move by the People’s Bank of China (PBOC) to ban crypto transactions and mining dented the prices of Bitcoin, Ethereum and other digital currencies, but they’ve largely rebounded. The bulls reckon the latest attempt by Beijing ...

The tiny Himalayan kingdom of Bhutan, landlocked between the teeming multitudes of China and India, shot to global fame in the 1970s with gross national happiness: a broad measure of overall welfare it prefers over the more traditional metric of gross domestic product, which only includes production of goods and services, even those that ultimately leave us miserable. More recently, ...

While traders and policy makers preoccupy themselves with the question of Federal Reserve Chair Jerome Powell’s reappointment, a quiet battle for influence within the institution is intensifying. The exit of two regional officials could quiet dissent and further strengthen the chair’s considerable grip on monetary policy in the world’s largest economy. Eric Rosengren, president of the Boston Fed, and Robert ...

Bloomberg Rolls-Royce Holdings Plc agreed to sell its ITP Aero unit in Spain to a group led by Bain Capital for 1.7 billion euros ($2 billion), netting the British jet-engine maker much-needed cash to help it recover from the coronavirus crisis. The sale to Bain, JB Capital and Spanish defense firm Sapa will help Rolls rebuild its balance sheet, the ...

Bloomberg EasyJet Plc raised 1.2 billion pounds ($1.7 billion) in a stock sale, cash that will help the low-cost UK carrier weather the slow winter and prepare for a rebound in leisure travel. Existing investors purchased 93% of the 301 million shares available in a rights offering at a discounted price of 410 pence each, EasyJet said on Tuesday in ...

Bloomberg Demand for airplane-seat coverings that repel viruses and bacteria has soared during the Covid-19 pandemic, as carriers look to cut the time and cost of cleaning cabins. “The stakes are high for airlines,” said Quentin Munier, head of strategy and innovation at the seat division of aircraft-parts giant Safran SA. Tenders for new orders increasingly call for fabrics with ...