DUBAI / WAM Trade between the Sultanate of Oman, which is the UAE’s second-largest trading partner in the Gulf, and the emirate of Dubai jumped 8.4 percent to AED 37.85 billion in 2019, compared to AED 34.9 billion in 2018. The Dubai-Oman bilateral trade stood at AED 14.85 bn from January to June 2020, according to latest figures released by ...

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the inauguration of its first flight between Abu Dhabi and Muscat. According to the company, the twice a week service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two countries. Customers can book their direct flights between Abu Dhabi and ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc) has highlighted investment and partnership opportunities in the UAE during a panel session at the Bloomberg New Economy Forum. Speaking during the virtual session titled ‘The Rise of Regional Champions: The Search for ...

DUBAI / WAM Mohammed Bin Rashid Housing Establishment (MBRHE) has started its logistical preparations for launching the 4th edition of The Housing, Building Materials, Decoration & Engineering Consultancy Exhibition, Decobuild 2020, with the precautionary and preventive measures in place to ensure the safety of both exhibitors and visitors. The 4th edition will be held at Elbait Metwahid Hall, Al Warqa`a ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) and the Environment Agency — Abu Dhabi (EAD) held a meeting recently to discuss the progress made by the joint taskforce they had formed to promote collaboration among them to ensure the sustainability of natural ecosystems and preserve the terrestrial and marine environment of the emirate. The taskforce was ...

ABU DHABI / WAM As climate change continues to be one of the greatest challenges facing mankind today, and in light of research revealing a fast-emerging market opportunity valued at $7.1 trillion, the World Future Energy Summit has announced the introduction of a new Climate and Environment Expo & Forum, hosted in partnership with the UAE Ministry of Climate Change ...

Bloomberg South Africa’s power utility, the nation’s biggest producer of greenhouse gases that mainly uses coal for electricity generation, is working on a plan aimed at net zero emissions by 2050. Eskom Holdings SOC Ltd “has an aspirational vision” of reaching the goal, which includes the creation of jobs, the utility said in a reply to questions. “We are currently ...

If you wanted a demonstration of how the world’s largest free trade area is likely to fall short of expectations, you could do worse than look at the customs sheds at Shanghai’s Pudong airport. As final preparations for signing the Regional Comprehensive Economic Partnership pact (RCEP) were being made earlier this month, several metric tons of Australian lobster were being ...

Warren Buffett is a living, breathing billionaire, but he’s also a leading economic indicator. So after his Berkshire Hathaway Inc. dumped almost $13 billion of stocks in the throes of the Covid-19 crisis, investors were beside themselves. They’ll now be quite relieved to see that his company is back in buying mode, making the biggest outlay for equity purchases in ...

Mashing together the plumbing of the payments industry has provided a steady stream of deals for bankers. With Nexi SpA inking its agreement to buy Nets S/A over the weekend, the European sector now looks to be coalescing around two players, one French and one Italian. But this is probably only the end of the beginning for consolidation. Nexi’s combination ...