DUBAI / WAM The Dubai Future Foundation (DFF) has focused on climate change, one of the defining challenges of our time in its 12th “Life After Covid-19” report. Titled “Life After Covid-19: Climate Change”, the report highlights the transient positive impact this exceptional period has had on lowering greenhouse gas emissions around the world as a result of the decline ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) on Saturday opened a flyover leading to the Western entrance of the Dubai Creek – Dubai Creek Harbour; an important phase of the Sheikh Rashid bin Saeed Crossing Improvement Project. The project encompasses the improvement of Nadd Al Hamar Street – Ras Al Khor Road intersection, along with extensive improvements of ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) issued 36 post-harvest practice guides covering 41 crops, including 21 guides for vegetables and 15 guides for fruits. Due to the similarity of post-harvest practices for some crops that belong to the same family, the guides of these crops were combined. The Adafsa was keen to gather ...

ABU DHABI / WAM The UAE sent an aid plane carrying 16 metric tons of urgent medical supplies to Iran to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 16,000 medical professionals as they work to contain the virus. This aid plane is the fourth to be sent by the UAE to Iran ...

Dubai / WAM The Business Registration & Licensing (BRL), sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end of May this year. This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh Khalifa bin Zayed Al Nahyan amending articles within Federal Law ...

Bloomberg Nigeria’s powerful state oil company, whose finances and operations have been shrouded in secrecy for decades, is opening itself up to greater public scrutiny. The Nigerian National Petroleum Corp (NNPC) published its 2018 annual report, which contained an audited account of all its 20 units for the first time in its 43-year history. The 2019 figures are set to ...

Bloomberg Occidental Petroleum Corp sold $2 billion of high-yield bonds to help push out its steep maturity wall. The company issued unsecured bonds in three parts, including a $500 million five-year bond with a yield of 8%. It also priced a $500 million seven-year note at a yield of 8.5%, and a $1 billion 10-year bond with a yield of ...

Bloomberg India’s largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry. Reliance Industries Ltd, which runs the biggest refinery in the world in Jamnagar and accounted for 25% of Venezuela’s exports last year, has no plans at the moment to make future purchases, according to people with knowledge of the ...

Joe Biden’s growing lead in the presidential polls combined with recent stock-market turbulence has some Wall Street observers wondering if markets are getting nervous about the odds of Democratic victories in November. This anxiety among investors may very well be misplaced, reflecting old and off-base stereotypes of what the two political parties are trying to accomplish. Just as investors were ...

What could possibly attract Bain Capital about an airline that hardly ever generates cash? Loyalty is almost certain to be the answer. Administrators for Virgin Australia Holdings Ltd at Deloitte agreed to sell the second-ranked Australian airline to the private equity firm after it collapsed in April owing A$6.8 billion ($4.7 billion). In a sign of what a difficult path ...