Dubai / WAM Dubai’s food and beverage (F&B) trade with Africa, excluding tobacco, reached $13.9 billion during 2015-2020 period, while the sector has been identified as a key factor expected to drive bilateral trade in the short-term, new Dubai Chamber analysis revealed. In 2020, the value of food and beverage trade (excluding tobacco) between Dubai and Africa amounted to $2.4 ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) and its subsidiary Adnoc Drilling Company (Adnoc Drilling) and Helmerich & Payne, Inc (H&P), a provider of rig technologies and drilling solutions, jointly announced on Wednesday a strategic alliance, that will see Adnoc Drilling acquire eight FlexRig land rigs from H&P for $86.5 million. Following this transaction, H&P will make ...

Abu Dhabi / WAM The Abu Dhabi Exports Office (Adex), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has entered into a strategic partnership with Ras Al Khaimah (RAK) Chamber of Commerce and Industry as part of its efforts to support Emirati exporters and build a diverse and sustainable national economy. Both parties formally sealed their cooperation ...

Abu Dhabi / WAM The UAE has dispatched an aircraft carrying 100,000 doses of the Covid-19 vaccine to Mauritania to help curb the spread of the virus and support Mauritania’s efforts to accelerate its recovery. Additionally carrying 15 metric tonnes of medical supplies, the aircraft is the fifth of its kind to be sent to Mauritania. Hamad Ghanem Al Mehairi, ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has launched its Community Centre of Excellence, aimed at delivering world-class programmes to startups and founders at any stage in the life cycle to accelerate market access, talent hire and fundraising. The Centre of Excellence will also deliver annual events and touchpoints between Hub71 startups and its corporate and government ...

Dubai / WAM Emirates on Wednesday announced that it will be expanding its operations in and out of South Africa, boosting its schedule to 28 weekly flights by October. This is the airline’s largest weekly schedule to South Africa since the start of the pandemic, which aims to bring more competitive choices for customers wishing to visit Dubai, and through ...

Dubai / WAM Gastech, the world’s foremost exhibition and conference supporting the gas, LNG, hydrogen, and energy industry, and the SPE Annual Technical Conference and Exhibition (ATCE) will take place alongside each other in Dubai from September 21-23, 2021, the organisers of both events announced on Wednesday. The co-location of Gastech and ATCE, at the Dubai World Trade Centre, will ...

Dubai / WAM Dubai Economy and Emirates Integrated Telecommunications Company PJSC (du), signed a Memorandum of Understanding (MoU) to launch the ‘Start @ du’ initiative to facilitate doing business in Dubai. The MoU is in line with the joint commitment to promote excellence in providing smart services and initiatives that contribute to raising the competitiveness and sustainability of businesses in ...

The Federal Reserve has met the historic challenge of navigating the world’s largest economy through a pandemic. But as the central bank prepares to reduce its emergency Covid stimulus, finding the next normal — for monetary policy, markets and the economy — will be its greatest test yet. In achieving a robust recovery, the latest round of quantitative easing, the ...

Last week, China’s top media regulators rolled out a directive prohibiting “sissy idols and other deformed aesthetics.” Their targets were the highly stylised, gender-bending young men who’ve defined Chinese pop culture for more than a decade. In the eyes of President Xi Jinping, these celebrities pose a threat to the masculine revitalisation of the Chinese nation. Like cram schools, celebrity ...