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Etisalat Freedom customers get free data upgrade

Abu Dhabi / Emirates Business Etisalat announced the launch of its double data offer providing existing and new postpaid customers twice as much data on their ‘Freedom’ plans. Etisalat Freedom plan customers who joined on April 1 onwards will automatically get their data doubled upto 200GB as part of the limited time promotion. New and existing Etisalat customers can take ...

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UAE confers ‘Order of Zayed’ to Indian PM

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday conferred Narendra Modi, Prime Minister of India, with the Order of Zayed, in recognition of his role in promoting friendship and cooperation between the two friendly countries. The Order of Zayed was ...

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Modi launches RuPay card in UAE

ABU DHABI / WAM Around 175,000 merchant acceptance locations of 21 businesses and 5,000 ATMs in the UAE will soon start accepting India’s RuPay card, it was announced on Saturday. RuPay card, an Indian indigenous equivalent of Mastercard or Visa, was launched in the presence of Indian Prime Minister Narendra Modi who swiped his card for buying Indian sweets at ...

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DP World, Jafza showcase F&B expertise at India expo

CHENNAI / DUBAI / WAM DP World UAE Region and Jebel Ali Free Zone (Jafza) showcased their capabilities and offerings at the FoodPro Exhibition and Conference organised by the Confederation of Indian Industry (CII) in Chennai, India to support and facilitate India’s food and beverage exports. The DP World team engaged with F&B companies looking to expand their businesses outside ...

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FTA begins procedures on updated excise goods

ABU DHABI / WAM The Federal Tax Authority (FTA) has begun carrying out procedures related to implementing the latest Cabinet decision on excise goods, excise tax rates, and the method of calculating the excise price, issued in August 2019, which expanded the scope of excise goods to include electronic smoking devices and liquids, and sweetened drinks. The new decision goes ...

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China and Vietnam spar on high seas over $2.5 trillion in energy

Bloomberg When a Chinese state-owned survey vessel sailed into waters off Vietnam’s coast in early July, it unleashed a high-seas standoff with trillions of dollars at stake that risks drawing in Russia and the US. For weeks now the Haiyang Dizhi 8 has zigzagged across a square block of water to study the seabed in an active drilling block operated ...

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Macron calls on container lines to shun Arctic route

Bloomberg French President Emmanuel Macron is calling on container lines to avoid using a new Arctic shipping route to protect the environment. Speaking at the start of the Group of Seven summit in Biarritz in southwest France on Saturday, Macron said France’s biggest shipping line, CMA CGM, has committed not to use the so-called Northern Sea Route being promoted by ...

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Oil short-sellers are making a wrong-way bet

Bloomberg It’s getting tougher to bet on oil in the age of Trump trade tweets and Chinese retaliation, with hedge funds getting it wrong for a seventh time in nine weeks. This time around, short-sellers made their biggest retreat in a year in week ended August 20, slashing by 25% their wagers that West Texas Intermediate crude would decline, data ...

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