NEW DELHI / WAM The UAE and India aim to treble the volume of their food trade in the next five years. Optimism in achieving this goal was expressed by a multitude of speakers from the government and private sectors in both countries at the “UAE-India Food Security Summit 2020,” a two-day hybrid event, which began on Tuesday. The summit ...

DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to 27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC) on Tuesday, chaired a meeting of the Council at the Sharjah Ruler’s office, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE) has signed an agreement with American multinational computer technology company Dell to enhance cooperation on information technology and information security at the DoE, supporting the department’s efforts to drive development across the entire energy sector in the emirate. Signed during the Gitex Technology Week 2020, which concludes on December ...

DUBAI / WAM Dubal Holding (DH), a wholly owned subsidiary of Investment Corporation of Dubai (ICD), announced the acquisition of 60 percent stake in OSE Industries, a specialised aluminium extrusion company in the UAE. The acquisition was signed on November 30 between Ahmad Bin Fahad, Acting CEO of DH and Othman Sharif, the President and Chairman of OSE. Bin Fahad ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has committed to purchasing carbon offsets, to completely neutralise the CO2 emissions of its flagship “Greenliner” 787-10 aircraft for a full year of operations in 2021. The initiative is the start of the airline’s journey to reduce CO2 emissions to 50 percent of 2019 levels by 2035, and ...

Bloomberg Green bond sales in Asia have lagged the rest of the world in 2020 but that may change next year as some of the biggest economies accelerate their drive to cut carbon emissions, according to Fitch Ratings. Issuance of notes in Asia whose proceeds are aimed at environmentally friendly projects has dropped about 30% this year, even as green ...

Bloomberg Fresh from overtaking Exxon Mobil Corp as North America’s biggest oil company, Chevron Corp has a “simple promise” to investors: higher returns and lower carbon. Delivering on that promise is critical: an activist investor announced a campaign targeting Exxon for failing on both counts. “We’ve been able to remain very steady as others have had to change strategy, change ...

Republican senators are threatening to refuse to confirm President-elect Joe Biden’s choices for his cabinet. They appear to be especially unhappy about the selection of Neera Tanden to head the Office of Management and Budget, in part because she posted a number of tweets that were sharply critical of them. But they might choose to make the confirmation process a ...

The third rail of Indian politics has always been agriculture. While the economy has been partly liberalised since opening up to the world in 1991, the process has largely bypassed the three-fifths of Indians who depend for their livelihoods, directly or indirectly, on farming. In September, the government finally introduced a much-needed set of changes to how agriculture is organised ...