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DUBAI / WAM Dubai Customs has announced that the volume of external trade with India reached AED 67 billion in the first half of 2021 alone, across gold, jewellery, diamonds, vehicles, telecoms, and petroleum oils, compared to AED 89 billion in 2020. “This reflects the weight and significance of Dubai as a global hub for trade and tourism relying on ...

NEW YORK / WAM The UAE underlined its commitment to regional and international efforts to address threats to maritime navigation, the marine environment, and global trade. The UAE submitted a written statement to the United Nations Security Council for its high-level open debate on maritime security, chaired by Indian Prime Minister Narendra Modi. In light of recent threats to maritime ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to the company’s press release on Wednesday. The award-winning UAE carrier currently services 72 network destinations across the Middle ...

DUBAI / WAM Dubai Airports is projecting robust growth for Dubai International (DXB) in the second half of the year after the airport clocked 10.6 million passengers in the first six months of 2021 despite travel restrictions affecting its key source markets throughout the second quarter. According to the latest figures issued by Airports Council International (ACI), DXB remains the ...

Bloomberg The UK’s long-promised strategy for reducing carbon emissions from heating drafty homes will be published next month, Business Secretary Kwasi Kwarteng said, as the government gears up to host a key climate change summit in the fall. During a media round, Kwarteng suggested the so-called heat and buildings strategy may include a plan for phasing out gas boilers. He ...

Bloomberg North Korea threated a “security crisis” over US-led military drills, in what appeared to be a campaign to pressure South Korea’s pro-engagement president for greater support before he leaves office next year. Training exercises scheduled to start on Monday risk sinking a two-week-old deal between Seoul and Pyongyang to improve ties, said Kim Yong Chol, a North Korean ruling ...

Bloomberg Senate Democrats took a major step towards the biggest expansion in decades of federal efforts to reduce poverty, care for the elderly and protect the environment, passing a $3.5 trillion budget framework that opens the way for President Joe Biden’s economic agenda. The party-line 50-49 vote marks an abrupt reversal from the tax-cutting philosophy of Republicans when they controlled ...

Bloomberg European Sustainable Growth Acquisition Corp is buying Germany’s ADS-TEC Energy GmbH, which creates technology used for electric charging platforms, in a deal that will give the combined firm a market value of about $580 million. The transaction with the special purpose acquisition company, or SPAC, includes a $156 million private investment in public equity, or PIPE, with investors such ...

Bloomberg Germany will expand Covid-19 testing requirements for non-vaccinated people and end free tests to prod more residents to roll up their sleeves. Starting later this month, negative results will be required for people who haven’t been inoculated or can show they’ve recovered from the disease to eat in restaurants, go to the hairdresser and attend sporting events. The government ...

Bloomberg Rivian Automotive Inc, the electric-vehicle startup backed by Amazon.com Inc, is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News. The factory — codenamed “Project Tera” according to the document — will be able to produce 200,000 vehicles a year, and will create at ...