Dubai / WAM A total of 16,000 new companies joined Dubai Chamber in the first eight months of 2021, bringing its total membership to over 275,000, a year-on-year growth of 68.5 percent. The value of ATA Carnets, international customs documents that permit temporary import of duty-free and tax-free goods, issued by Dubai Chamber and received by the country, between January ...

Beirut / WAM The UAE Embassy in Beirut has held a virtual seminar entitled, “The Importance of the Human Fraternity Document to Research and Academic Work.” The seminar was attended by Prof Roula Talhouk, Director of the Islamic Christian Research and Documentation Centre (CEDIFR), at the Saint Joseph University of Beirut; and Dr Bilal Orfali, Sheikh Zayed Professor for Arabic ...

Al Ain / WAM Researchers at the United Arab Emirates University (UAEU) have made an unprecedented scientific advance that has the potential to revolutionise the water desalination industry. Scientists in the university’s National Water and Energy Centre have invented a new desalination system that dramatically reduces energy consumption during the desalination process. The low-energy desalination system has been granted a ...

After European governments sought to do “whatever it takes” to protect people from the economic effects of pandemic lockdowns, politicians are once again taking out their checkbooks to help consumers — this time to ride out a post-reopening jump in energy prices. France will hand out 580 million euros ($682 million) to help poor households cope with rising costs ahead ...

Bloomberg Naturgy Energy Group SA’s board said that IFM Global Infrastructure’s 4.9 billion-euro ($5.8 billion) bid for almost a quarter of the Spanish utility is “reasonable.” “From a purely financial point of view and in the current circumstances, the price of the offer is reasonable,” the company said in a regulatory filing. IFM initially offered 23 euros a share for ...

One of the biggest geopolitical developments of the last two years has been the quiet decline of Huawei Technologies Co In 2019, the Chinese telecommunications behemoth was racing toward dominance of the world’s 5G networks. It was a symbol of Beijing’s apparent rise to technological primacy. Today, however, Huawei isn’t thinking about supremacy: “Our aim is to survive,” its chairman ...

Class hasn’t had enough attention in the drive for workplace equality. Perhaps thanks to a British preoccupation with this topic, the UK arm of accounting giant KPMG is addressing the deficit. The firm has been analysing its workforce by nosing around what employees’ parents used to do for a living. It’s a legitimate inquiry. The tricky issue is what to ...

It has been only 17 months since the biggest unthinkable in the oil market — the price turning negative — illustrated vividly that the global economy was experiencing an unprecedented shock that required an exceptional policy response by the government and the Federal Reserve. This week, Fed policy makers will discuss how to unwind two of its three chief components ...

Bloomberg Cars24 Services Pvt is raising $450 million in equity and debt from SoftBank Group Corp and other investors, underscoring growing demand for used vehicles as Covid disruptions and systemic chip shortages crimp auto production. The round values India’s largest used-car site at $1.84 billion, almost doubling from the end of last year. SoftBank, DST Global and Falcon Edge Capital ...

Bloomberg Hybrid vehicles are a better fit than battery-powered electric cars for India in the immediate future, given the nation’s shortcomings in EV infrastructure, according to the regional head of auto parts supplier Schaeffler AG. “Hybrid vehicles will play an equally important role because they are able to address some of the immediate infrastructure challenges around e-mobility,” Dharmesh Arora, Schaeffler’s ...