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Bloomberg Sweden’s government proposed a law that would give it the power to close stores in response to a worsening pandemic. The bill, which would allow the minority coalition to cut shops’ opening hours and limit footfall, is due to take effect in March if it makes it through the consultation process, Minister of Health and Social Affairs Lena Hallengren ...

Bloomberg UK freight trains are being forced to leave the country’s biggest container port without a full load, in the latest sign that stockpiling to prepare for Britain’s break with the European Union is disrupting supply chains already strained by the coronavirus outbreak. Some trains normally packed with everything from phones to the latest fashions are departing Felixstowe east of ...

ABU DHABI / WAM Marking its first year, EDGE, the UAE’s advanced technology group for defence and beyond, was ranked among the top 25 military suppliers in the world by the Stockholm International Peace Research Institute (SIPRI), a think tank that specialises in data analysis of military expenditure and arms trade among other peace and security related matters. With this ...

Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee for the Covid-19 Pandemic has announced that it has started working with all concerned and relevant authorities to fully resume economic, tourism, cultural and entertainment activities in the emirate within two weeks. This decision comes after the success of efforts made to maintain a low percentage of confirmed ...

ABU DHABI / WAM December 10 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, ...

DUBAI / WAM The UAE has emerged as one of the top five most globally connected countries in the world according to the DHL Global Connectedness Index 2020 released on Wednesday. Now in its seventh edition, the report compiled in collaboration with DHL and the NYU Stern School of Business provides a comprehensive assessment of globalisation during the Covid-19 pandemic. ...

Bloomberg The Trump administration has imposed sanctions at a record-shattering pace of about three times a day during the president’s time in office: a slew of measures targeting companies, individuals and even oil tankers tied to Iran, North Korea, China, Venezuela and Russia. President-elect Joe Biden’s team is promising a top-to-bottom review of sanctions operations, but don’t expect a significant ...

DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to 27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE) has signed an agreement with American multinational computer technology company Dell to enhance cooperation on information technology and information security at the DoE, supporting the department’s efforts to drive development across the entire energy sector in the emirate. Signed during the Gitex Technology Week 2020, which concludes on December ...

DUBAI / WAM Dubal Holding (DH), a wholly owned subsidiary of Investment Corporation of Dubai (ICD), announced the acquisition of 60 percent stake in OSE Industries, a specialised aluminium extrusion company in the UAE. The acquisition was signed on November 30 between Ahmad Bin Fahad, Acting CEO of DH and Othman Sharif, the President and Chairman of OSE. Bin Fahad ...