ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree-Law No. (56) of 2023 on establishing the UAE Accountability Authority. The new Authority will replace the Supreme Audit Institution, and will report directly to His Highness the President. Aiming at maintaining and enhancing the integrity of public finances, the new Authority will be the ...

SHARJAH/ WAM BEEAH has announced its commitment to achieving net-zero emissions by 2040 within its operations by methodically building on its initiatives and projects that are already working towards this target, and in line with the COP28 consensus, the UAE’s Net Zero by 2050 Strategic Initiative and the global 1.5°C ambition. With the conclusion of COP28, the UAE officially became ...

ABU DHABI/ WAM The sixth group of wounded Palestinian children and cancer patients arrived in the UAE today in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to provide medical treatment for 1,000 injured children, and 1,000 cancer patients from the Gaza Strip, in the UAE’s hospitals. Departing from Al Arish International Airport in ...

ABU DHABI/ WAM Abdulla bin Touq Al Marri, Minister of Economy, and Martin Kocher, Austrian Minister of Economy and Labour, chaired the UAE-Austria Joint Economic Committee, which was attended by several representatives from both countries’ government and private sectors. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, and Florian Frauscher, Director General of Economic Affairs, Innovation, and International Policy ...

DUBAI/ WAM Arabian Travel Market (ATM) has announced a strategic partnership with the International Congress and Convention Association (ICCA) and the Global Business Travel Association (GBTA) for the upcoming edition of the event, which takes place from 6th to 9th May 2024 at the Dubai World Trade Centre. The renowned global organisations have been appointed as ‘Knowledge Partners’ for the ...

BLOOMBERG Shortly after reporting a quarterly loss, SpiceJet Ltd has announced it is considering acquiring the insolvent Go Airlines India Ltd, which stopped flying in May, with a goal of possibly combining the two airlines. The no-frills carrier is planning to submit an offer after conducting due diligence of Go, it said in a stock exchange filing on Tuesday. SpiceJet ...

BLOOMBERG The US Department of Transportation (DOT) fined Southwest Airlines Co $140 million for violating consumer protection laws, nearly a year after a late December meltdown of its operations during a storm stranded more than 2 million passengers. The DOT said the penalty is 30 times larger than any other consumer protection violation fine it’s issued. Most of the money ...

BLOOMBERG The Canadian government is poised to pass rules requiring all new vehicles sold in the country to be zero-emissions by 2035, according to news reports. The federal government will announce the regulation, called the Electric Vehicle Availability Standard, in the coming days, with the aim of phasing out the sale of new combustion vehicles, the Canadian Broadcasting Corporation and ...

BLOOMBERG Tesla Inc will receive 2.63 billion pesos ($153 million) in incentives from the Mexican state of Nuevo Leon to build its next major factory there, as state officials seek to assuage local concerns about delays to the electric-vehicle maker’s plant. The incentives, approved by the state’s economic development council, include the creation of basic infrastructure such as roads and ...

BLOOMBERG Tesla Inc’s biggest vehicle recall ever threatens to hurt the company’s defense in several high-profile lawsuits it faces over crashes linked to Autopilot. The automaker’s recall of 2 million cars comes after a top US auto-safety regulator found its driver-assistance program failed to ensure drivers stay attentive. Lawyers representing crash victims and family members who have sued Tesla, some ...