Masonry Layout

Bloomberg Germany’s economy minister said the country could do without Russian gas. But that won’t be easy. Europe’s industrial powerhouse currently relies on Russia’s Gazprom PJSC for more than half its gas. And if anything, demand will only grow as the country phases out nuclear and coal-fired electricity. No. 2 supplier Norway is already pumping at full tilt, and Germany ...

  Bloomberg Munich Re more than doubled profits last year as the German reinsurer bounced back from the Covid-19 crisis with the highest gross premiums in its history. Net income rose to 2.9 billion euros from 1.2 billion euros the previous year, according to a statement from the Munich based company on Wednesday. It had forecast profit of 2.8 billion ...

  Bloomberg The European Union unveiled new rules that will make it easier for users to transfer data generated from products like Amazon.com Inc.’s Alexa or a Tesla Inc. vehicle. The European Commission’s Data Act will set rules on how companies can access so-called non-personal data, or data that does not contain any information that identifies an individual. The proposal ...

  Dubai / WAM Dubai International (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. DXB’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a strong last quarter. Paul Griffiths, CEO of Dubai ...

  ABU DHABI / WAM Edge Group, an advanced technology group for defence and beyond and one of the top 25 defence contractors globally, has unveiled the 7IS Remote Control Weapon Station (RCWS) at the Unmanned Systems Exhibition and Conference (Umex) 2022, taking place at the Abu Dhabi National Exhibition Centre (Adnec) from February 21-23. The 7IS is a two-axis, ...

  Dubai / WAM Dubai International Marine Club, the government body responsible for marine sports in Dubai, and P&O Marinas, DP World’s portfolio of world-class luxury marinas and picturesque harbours, have signed a cooperation agreement to enhance the strategic partnership and coordinate efforts to develop watersports activities and events. The agreement was signed at the P&O Marinas headquarters in Mina ...

DUBAI / WAM Buoyed by global crowd-pleasers such as Coldplay at Al Wasl Plaza last week, Expo 2020 Dubai is on target to hit the 15 million total visit mark later this week. And with many more headline-grabbing names still to be announced over the coming weeks, those numbers are set to accelerate further, organisers said. As of February 21, ...

  Bloomberg US and European governments threatened new sanctions after Russian President Vladimir Putin recognised two self-proclaimed separatist republics in eastern Ukraine and ordered troops sent to them in the latest escalation of Moscow’s standoff with the West. Russia gave no details on how many “peacekeeping” troops might go into the breakaway regions of Donetsk and Luhansk, or when, as ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation issued a resolution on Monday to form a committee that will assess labour relations grievances presented by parties based on relevant resolutions issued by the ministry. This move is in implementation of a Federal Decree Law to regulate labour relations, ensure transparency and integrity in addressing the grievances ...

  Dubai / WAM Reducing food waste is the key to a brighter future for humans and the planet, panellists agreed at the World Majlis: The Value of Food session, held at Terra — The Sustainability Pavilion. Thought-leaders, visionaries, and changemakers came together as part of Expo 2020 Dubai’s Food, Agriculture and Livelihoods Week to exchange ideas on how to ...