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Abu Dhabi to have 140 new public buses

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport announced that 140 new public buses will be operated in the emirate of Abu Dhabi aimed at improving the quality of services offered to the public transport sector users. In Abu Dhabi City, 112 buses will be operated and 28 buses will be operated ...

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ADIO, ADQ join forces to boost Abu Dhabi’s start-up ecosystem

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) and ADQ on Tuesday announced a new collaboration to further strengthen Abu Dhabi’s digital economy and start-up ecosystem, including transferring the Ventures Fund, a flagship Ghadan 21 initiative, to ADQ. As part of their collaboration, ADQ and ADIO will also create winning propositions for companies using a combination of equity ...

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Dubai Customs handles 10m bags at Dubai airports in H1

Dubai / WAM Dubai Customs Passenger Operations Department revealed that it has handled 10.2 million pieces of baggage for five million passengers through 44,358 Dubai-bound flights during the first half of this year. Thanks to the vigilance of customs officers with support from the sophisticated scanning equipment, as many as 472 seizure reports were issued during the same period, including ...

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Enoc partners with Dynamic Fuels to distribute marine lubricants in Spain

Dubai / WAM Enoc group announced a partnership with Dynamic Fuels to become the official distributor of Enoc’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers. Under the agreement, Dynamic Fuels will market and distribute Enoc group’s wide range of marine ...

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Etihad expands air-rail alliance with AccesRail in Europe

ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...

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Global FDI in developing nations to plunge by up to 50% in 2020

HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...

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Tongwei halts output at polysilicon factory in China

Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained ...

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