May, 2021

• 1 May

  French April new car registrations increase 569% after 2020 drop

  

  Bloomberg French new car registrations soared 569% in April to 140,428 vehicles, rebounding from a year earlier when the coronavirus pandemic shut showrooms and auto factories. Registrations fall 25% compared with April 2019, showing that the vehicle market hasn’t yet recovered to pre-Covid levels, the CCFA association of carmakers said in a statement. The same trend was evident in the ...

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• 1 May

  Huawei sales fall as sanctions hit phone business

  Bloomberg Huawei Technologies Co.’s revenue shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business. Huawei reported a 17% decline in sales to $23 billion in first three months of this year, the company said in a statement. That follows a 11% decline in revenue for the three months ended December. Its profit ...

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April, 2021

• 29 April

  UAE starts distribution of food in Ghana, Angola and Uganda

  

  DUBAI / WAM The distribution of food has begun in three African countries namely Ghana, Angola and Uganda targeted under the ‘100 Million Meals’ campaign, which aims to provide food aid for disadvantaged communities in 30 countries. The campaign’s organiser, Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), is collaborating with local food banks and charities in the beneficiary countries ...

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• 29 April

  Saudi in talks to sell 1% stake in Aramco to global energy firm

  

  Bloomberg Saudi Arabia is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic. The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to ...

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• 29 April

  UAE, Italy discuss ways to boost bilateral trade

  

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE International Investor Council (UAEIIC), Dubai Exports, the Italian Trade Agency (ITA) and Confindustria, the largest Italian industrial confederation, discussed cooperation in various fields, including increasing exports, Foreign Direct Investment (FDI) and trade finance support between the UAE and Italy. The high-level discussion is in line with Italy’s objective of promoting ‘Made ...

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• 29 April

  UAE to host ‘Zayed: A source of human values’ forum

  ABU DHABI / WAM The Ministry of Tolerance and Coexistence will host on Saturday, the virtual forum, entitled, “Zayed: A Source of Human Values,” under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence. The forum will be held as part of the ministry’s celebration of the memory of the late Sheikh Zayed bin Sultan ...

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• 29 April

  JMMC: Opec, non-Opec’s conformity to output adjustments hit 115% in March

  

  VIENNA / WAM The 16th Opec and non-Opec ministerial meeting of the declaration of cooperation (DoC) announced that the overall conformity to the production adjustments was 115 percent in March 2021, reinforcing the trend of high conformity by the participating countries. The meeting reviewed the monthly report prepared by the Joint Ministerial Monitoring Committee (JMMC), including the crude oil production ...

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• 29 April

  Sharjah’s Saif Zone, India’s Forpack Industries ink deal

  

  Sharjah / WAM The Sharjah Airport International Free Zone (Saif Zone) has further enhanced and secured its position as a prominent hub for global investors after signing an investment deal with the Indian Forpack Industries, a leading manufacturer of recycled Kraft Board & Coreboard Paper. Under the terms of the deal, Forpack Industries is set to establish its first headquarters ...

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• 29 April

  Air Arabia resumes flights to Moscow

  Sharjah / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Moscow starting May 1. Customers can now book their direct flights between Sharjah and Moscow by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by ...

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• 29 April

  Dubai Future Foundation’s role in supporting global startups hailed

  

  Dubai / WAM An Italian delegation led by Luigi Di Maio, Minister of Foreign Affairs, visited the Dubai Future Foundation (DFF) to learn more about the pivotal role the foundation plays in shaping the future through various initiatives, as well as its global efforts in attracting startups, entrepreneurs and talent to the region. Khalfan Belhoul, CEO of DFF, Abdulaziz Al ...

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