DUBAI / WAM Within their continuous efforts to support trade activity in Dubai to help businesses overcome the challenges and boost their revenues, Dubai Customs, in cooperation with the Federal Tax Authority (FTA), launched the Trader Export Report service. The new service will help clearance and shipping agents achieve Zero Rating of supply of goods exported within 90 days of ...

AL AIN / WAM The United Arab Emirates University (UAEU) continues its efforts to build the economy of the future, based on knowledge, innovation, and technology, and promote the research and development, by adopting many initiatives that achieve the UAE future vision. Research cooperation with Dutch research centers and universities resulted in the producing of 129 research papers during the ...

Bloomberg Devon Energy Corp and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Chevron Corp is also among companies considering bids for the assets, which are largely located in West Texas, the people said. ...

The widespread and enduring failings in Credit Suisse Group AG’s risk management exposed by the Archegos scandal were laid out in all their gory detail. The Swiss bank has started addressing each weakness one by one. What’s needed is for these measures to coalesce into a total cultural overhaul. The implosion of Archegos Capital Management came fast in March. Credit ...

American Express revamped its Platinum card earlier this month, increasing the annual fee to $695 from $550 and adding various new perks. For those accustomed to spending $550 a year for a credit card, an increase of $145 doesn’t seem like much. Still, Platinum cardholders who continue to be wary of frequent travel or big trips due to Covid-19 and ...

America’s population may be shrinking. That’s mostly because of Covid, but it’s also part of longer-term trends in fertility that show no signs of abating. These trends, which are worldwide, have already caused major economic dislocation and are likely to continue to do so. First, some data. From 1936 to 1956, the US fertility rate rose from 1.8 to 3.2. ...

President Joe Biden has announced a requirement that federal workers get vaccinated against Covid-19 or be frequently tested and face other restrictions. He’s right — and other governments and businesses should likewise require vaccination for their employees. With the delta variant racing through the unvaccinated population, mandates are more essential than ever. The delta variant is far more transmissible than ...

Bloomberg America’s corporate giants began ratcheting up the pressure on unvaccinated employees, aiming to turn the tide against a resurgent virus that threatens the economic recovery. Walmart, the largest private employer in the US, is requiring headquarters and regional staff to be vaccinated by October 4, instituting a policy that may set a standard for corporate America as the highly ...

Bloomberg British Airways parent IAG SA is stuck on the starting blocks amid lingering coronavirus curbs as one of its biggest European competitors reaps the benefits of a late-summer travel rebound. London-based IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, provided no guidance in an earnings update and said it will offer only 45% of 2019 capacity ...

Bloomberg Amazon.com Inc’s weaker-than-expected second-quarter results has sent its founder’s fortune tumbling. The net worth of Jeff Bezos fell $13.5 billion after the after-market results missed Wall Street’s expectations and foreshadowed an end to the retailer’s pandemic-fueled sales surge. The drop erased 80% of his wealth gains for the year. Amazon’s shares dropped 7.2% to $3,339.18 at 9:53 a.m. in ...