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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has stated that the UAE has a logistical system that is the most sophisticated and efficient of its kind in the region, and it is not possible to maintain ”our logistical excellence without enhancing the quality of the ...

Sharjah / WAM The Sharjah FDI Office, Invest in Sharjah, an affiliate of the Sharjah Investment and Development Authority, Shurooq, organised an interactive business webinar via the Zoom platform to introduce emerging prospects and investment opportunities in competitive sectors to potential investors and businesses from across India, and to highlight the range of services and facilities offered by the various ...

Abu Dhabi / WAM The UAE on Saturday sent a third aid plane carrying 16.5 metric tons of medical supplies and testing kits to Kazakhstan. This aid will assist approximately 16,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. In light of the UAE’s keenness to strengthen and develop ...

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) announced that it has collected 1,056,045.50 tons of waste from domestic, small commercial entities as well as farms through its contractors in the first half of 2020 from across various regions of Abu Dhabi. Collected through the companies contracted with Tadweer to provide waste collection and transportation services, this waste ...

Bloomberg Hydrogen made from renewable power will be competing on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd. The cost of green hydrogen will drop 64% by 2040, the researchers said. Hydrogen is seen as key to cutting global greenhouse gases as it could eliminate the use of ...

Bloomberg When students at an elite university in Berlin charged the school with condoning racist attitudes, the administration had no formal procedures in place to deal with the spat. Even its diversity czar said it was out of her hands. The dispute at the Hertie School — one of Germany’s top training grounds for civil servants — was sparked by ...

Bloomberg By almost every reckoning, Argentina’s $65 billion debt restructuring will be approved by a wide margin this weekend. But investors are on alert for the small risk that holdouts could make things complicated. While there’s little threat to the broad plan for most creditors to accept new bonds valued at an average of 55 cents on the dollar, some ...

Bloomberg President Donald Trump is cutting the cap on allowable steel shipments from Brazil, citing a slump in the US market. In a proclamation, Trump amended a previous decision under so-called Section 232 national security powers to lower the cap on allowable imports. The limits were set in 2018 as part of a deal between the nations to avoid tariffs ...

Bloomberg Canada’s budget deficit hit C$120.4 billion ($92 billion) in the three months through June, already more than double the largest yearly shortfall the country has ever run. Program expenses surged to C$167.9 billion, up 117% over the same time last year, as the government rolled out massive support for individuals and companies to mitigate the economic damage of the ...

Bloomberg The International Monetary Fund agreed to lend Ecuador $6.5 billion which will allow the nation to complete a bond restructuring plan and fund its 2020 budget. The deal will enable the exchange of $17.4 billion of debt to go ahead before the September 1 deadline. The country had agreed with bondholders that it would seek a new IMF deal, ...