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Abu Dhabi / WAM More than 270 UAE exporters and potential international buying partners came together virtually for the UAE’s major buyers and exporters forum since Covid-19 shut down global trade events. During an online trade promotion event, participants discussed how the UAE national export community can help them overcome the significant financial challenges and risk they face in today’s ...

Dubai / Emirates Business Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA authorised firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on a multitude of cyber threats, with an average of 160 new threats per week. Since ...

Bloomberg An explosion at an Arizona energy storage facility last year was started by a defective battery cell that overheated and caused a buildup of flammable gas, according to a report. Firefighters unintentionally ignited the gas on April 19 last year when they opened a door to the facility located near Phoenix, Arizona, according to the report released by Pinnacle ...

Bloomberg Seen as a test of Malaysia’s anti-corruption credentials, the guilty verdict against former prime minister Najib Razak in the first of the 1MDB trials could strengthen the new government’s hand after months of political turmoil. The High Court on Tuesday sentenced Najib to 12 years in jail after finding him guilty of all seven charges in the case involving ...

New York / WAM The UAE has called on the UN Security Council (UNSC) to play its part in addressing climate change during an open meeting convened by Germany as this month’s president of the Security Council’s meeting on climate and security. In a written statement, the UAE emphasised that the Security Council must work hand-in-hand with development and humanitarian ...

ABU DHABI / WAM The UAE on Monday sent a third aid shipment carrying 6 metric tons of critical medical supplies to Colombia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 6,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador ...

Dubai / WAM Emirates NBD has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions. The roll out of Smart Pass is part of the bank’s long-term commitment to safe, secure banking and supports Emirates NBD’s ongoing initiatives to align with global best practices in banking security. Available on the bank’s Mobile ...

Dubai / Emirates Business The outlook for the UAE’s Courier, Express and Parcel (CEP) market is bright due to strong demand generated in the wake of the coronavirus outbreak across the globe, industry experts say. Referring to latest research data released by Mordor Intelligence, they said CEP market in the UAE is expected to post 7.5 percent compound annual growth ...

Bloomberg NRG Energy Inc is making its boldest push yet into the retail electricity business, cementing a strategy overhaul that started three years ago. The power supplier said it’s buying Centrica Plc’s Direct Energy unit in a $3.6 billion deal that will nearly double the number of homes and businesses it serves across North America. It’s NRG’s biggest acquisition in ...

Bloomberg Chinese authorities have taken over the US consulate in Chengdu following its closure, the latest historic milestone marking the deterioration in relations between Washington and Beijing. The US lowered its flag over the American consulate in the southwest Chinese city on Monday, less than three days after the US government forced their Chinese counterparts out of their mission in ...