Masonry Layout

‘C40’ certifies Dubai for its efforts in reducing carbon emissions

DUBAI / WAM Dubai achieved a new milestone in its efforts to reduce carbon emissions, getting certified by the C40 Cities Climate Leadership Group. C40 is a leading global network of cities committed to tackling climate change and protecting the planet. The network was established in 2005, and includes 75 major cities that have worked to reduce Greenhouse Gas (GHG), ...

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Brexit breakthrough puts Britons in EU in bad spot

Bloomberg The 1.5 million Brits living in Europe face being “landlocked” after Brexit because Friday’s deal doesn’t clarify whether they can move freely between European Union countries after the UK’s departure from the bloc. The UK and the EU struck a deal to unlock divorce negotiations overnight after months of stalemate. The agreements include a 45 billion-euro ($53 billion) divorce ...

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Uber loses another operating license in England’s Sheffield

Bloomberg Uber Technologies Inc. has had its operating license suspended in Sheffield, the fourth-largest city in England. The local council said the suspension followed a failure by the ride-hailing company to respond to requests about the firm’s management, and that it can’t provide services in the city after December 18. “If it chooses to appeal this suspension it can continue ...

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Ford to move electric SUV production from Michigan to Mexico

Bloomberg Ford Motor Co. is changing gears again in Mexico, shifting planned production of a small electric-powered sport utility vehicle to a plant south of the border instead of a Michigan factory. Sending the electric vehicle to Mexico, where labour costs are lower, will help the business case for the costly model. It also risks raising the ire of President ...

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Alibaba to invest $200mn in Indian online grocer Bigbasket

Bloomberg Alibaba Group Holding Ltd., China’s e-commerce giant, plans to invest about $200 million in India’s largest online supermarket, Bigbasket, leading a $280 million funding round in the startup, according to people familiar with the negotiations. Alibaba is taking a stake of about 25 percent in Bigbasket after months of negotiations, said the people, asking not to be identified because ...

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Ex-billionaire Vijay Mallya lives on $6,700 a week after court order

Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

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Israeli planes hit Gaza as Jerusalem crisis deepens

Bloomberg Israeli fighter jets struck Hamas targets in the Gaza Strip, killing at least two people, in response to rockets fired by Palestinian protesters into Israel. The clashes came as Muslims took to the streets from the West Bank to Jakarta to protest US President Donald Trump’s move to recognise contested Jerusalem as Israel’s capital. Violence associated with the “Day ...

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Mohammed launches UAE’s first ‘astronaut’ programme

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the UAE’s first Astronaut programme dedicated to selecting and training four Emirati Astronauts on various space missions so they can head to the International Space Station within the next five years. His Highness said, “On this day, a ...

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Hamdan announces ‘Day for Dubai’

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, announced on Wednesday the launch of the ‘Day for Dubai’ initiative. The initiative aims to both solidify social responsibility amongst its citizens, and reinforce the spirit of volunteerism. It encourages every resident to share the gift of their ...

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Mideast’s aviation market is set to grow 5% annually until 2036

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and Chief Executive, Emirates Airline and Group, inaugurated the 7th Arab Aviation Summit held on Wednesday at the Roda Al Bustan Hotel in Dubai. Themed “Time to Transform: Addressing sustainability challenges and opportunities for the regional aviation sector”, the summit ...

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