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Bloomberg Facebook Inc lost a court fight over an initial order from a European Union (EU) privacy watchdog threatening its transfers of users’ data across the Atlantic. An Irish court rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish Data Protection Commission’s decision. The dispute is part of the fallout from July’s ...

Abu Dhabi / WAM Adnoc Distribution on Monday reported its first-quarter 2021 financial results, recording an underlying Ebitda of AED740 million with a net profit of AED631 million for the quarter, while cash flow generation remained strong with a free cash flow of AED835 million. In the first quarter of 2021, Adnoc Distribution delivered a strong financial performance, with Ebitda ...

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, and Simon Penney, UK Trade Commissioner for the Middle East and Consul-General in Dubai and the Northern Emirates, have discussed ways to expand trade, investment, and cultural cooperation between Sharjah and Edinburgh, capital of Scotland in the UK. Al Qasimi emphasised that Edinburgh, ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) and the National Emergency, Crisis and Disaster Management Authority (NCEMA) announced that entry from Bangladesh, Pakistan, Nepal and Sri Lanka will be suspended for all incoming passengers on national and foreign carriers, as well as those carrying transit passengers, starting from 23:59 on Wednesday, May 12. The decision exempts transit ...

Bloomberg Norway is trying to make its dirtiest industry as clean as possible. The multi-billion-dollar plan will do little to reduce the nation’s overall climate impact. The Nordic country will use land-based green hydropower to electrify dozens of offshore oil and gas platforms. That will help meet national climate targets, and so allow the lucrative industry to keep pumping fossil ...

Bloomberg President Joe Biden is preparing for his first face-to-face meeting with the top two congressional Republicans, Mitch McConnell and Kevin McCarthy, just as the GOP is ramping up opposition to his $4 trillion economic plan, a rallying point for the party amid infighting over allegiance to former President Donald Trump. After McConnell declared that he’s “100%” focused on blocking ...

May 10 / Emirates Business Floward, the go-to online flowers and gifts delivery store in the region launched its services in Muscat, Oman on Sunday, May 2, 2021 making it the first expansion of the year for the company. With this expansion, the company now operates in 19 cities across seven countries. As part of its expansion strategy, Floward will ...

SHARJAH / WAM Dana Gas on Sunday announced its financial results for the first quarter ended March 31. Net profit was up by 41 percent in Q1 2021 reaching $24 million (AED88 million) as compared to $17 million (AED62 million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan ...

ABU DHABI / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The agreement ...

KINSHASA / WAM DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep sea port at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo. A term sheet summarizing the amendments to the contract, which was signed in ...