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DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with Sharjah Commerce and Tourism Development Authority (SCTDA) to promote the RTA’s marine transport line for ferry riders between the two emirates. Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA and Khalid Jasim Al Midfa, Chairman of Sharjah Commerce and Tourism Development Authority, ...

Sharjah / WAM The Big Heart Foundation (TBHF), a UAE-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, received 213 nominations from 41 countries for the fifth edition of the Sharjah International Award for Refugee Advocacy and Support (Siara). Siara 2021 has received 105 nominations from across Africa and 94 from Asia, representing 49 percent and ...

DUBAI / WAM The Palm Tower, Nakheel’s new 52-storey landmark development on Dubai’s Palm Jumeirah, is now almost 95% complete, with all components due to open by October this year. Soaring 240 metres above the world-famous island, the building is in the advanced stages of fit out, with all exterior cladding completed, said a press release issued by Nakheel on ...

DUBAI / WAM Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January 2021 in terms of volume and 8.9 percent rise in terms of value, according to the 12th edition of Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD) in cooperation with Property ...

Bloomberg President Joe Biden faces growing pressure from his party’s left to wage an all-out defense of voting rights, as Republican-held statehouses pursue restrictions that would fall heaviest on Black voters who helped Democrats win the White House and both chambers of Congress. Some activists say Biden should reshuffle his priorities and set aside work on a multi-trillion-dollar infrastructure and ...

Bloomberg Germany is mulling around 70 billion euros ($83 billion) in extra debt spending this year to fight the fallout from the coronavirus crisis, according to a person familiar with the plans. Finance Minister Olaf Scholz needs those additional funds because the country’s lockdown is dragging on much longer than expected, the person said, cautioning that the exact number is ...

Bloomberg Latin America faces risks as its economy rebounds from the worst downturn in two centuries, with better fiscal policy needed to ensure a sustained recovery, according to region’s development lender. Output will grow 4.1% this year as vaccine rollouts proceed and businesses continue to open, the Inter-American Development Bank said in forecasts released at its annual meetings. The bank ...

Bloomberg France amassed its biggest-ever green bond orderbook in its second sale of new debt, extending a pole position in the market to finance environmental projects. The nation raised 7 billion euros ($8.3 billion) from the securities maturing in 2044. Investors bid over 34.5 billion euros, about 50% more than for its first such offering in 2017, reflecting the surge ...

Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk used an opportunity to speak to an audience in China to strenuously deny the electric carmaker would ever use a vehicle’s technology for spying. Appearing at the China Development Forum, a conference organized by a unit of the country’s State Council, in a session titled “The Next Disruptive Innovation?” Musk said ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement will see businesses dealing with crypto ...