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  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Thursday announced framework agreement awards valued at $1.94 billion (AED 7.1 billion) to enable drilling growth. The awards build on Adnoc’s recent record investments in drilling-related equipment and services and support its strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 ...

  Dubai / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended the signing of a memorandum of understanding (MoU) on cybersecurity between the UAE and Jamaica at Expo 2020 Dubai. The MoU was signed by Dr Kamina Johnson-Smith, Minister of Foreign Affairs and Foreign Trade of Jamaica, and Dr Mohamed ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...

  Bloomberg Ukraine and Russian-backed separatists blamed each other for what they said was shelling in violation of a ceasefire in the Donbas region. Both Kyiv and Moscow expressed concern about the apparent uptick in violence. No deaths were reported and there was no immediate confirmation of the allegations. It wasn’t clear how much of an escalation they may represent ...

  Dubai / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended the signing of two memorandums of understanding (MoU) covering the cultural and health sectors between the UAE and Cuba at Expo 2020 Dubai. The MoU related to culture was signed by Noura bint Mohammed Al Kaabi, Minister of Culture and ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has signed an agreement with Borsa Istanbul wherein the latter will provide consultancy services and implementation support to Abu Dhabi Securities Exchange in Information Technologies. The signing of the agreement came during the visit of the President Recep Tayyip ErdoÄŸan of Turkey, to the UAE on February 14. The CEO ...