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  Geneva / WAM The International Air Transport Association (IATA) announced that air travel posted a strong rebound in February 2022 compared to January 2022, as Omicron-related impacts moderated outside of Asia. Total traffic in February 2022 (measured in revenue passenger kilometers or RPKs) was up 115.9% compared to February 2021. That is an improvement from January 2022, which was ...

  Abu Dhabi / WAM Edge, the region’s leading advanced technology group, and one of the top 25 in the world, has announced the appointment of Saif Ali Al Dahbashi to the position of chief executive officer (CEO) at its entity Al Taif, the leading UAE in-country provider of lifecycle support for military land platforms and systems through maintenance, repair ...

  Abu Dhabi / WAM Zayed University, one of Dubai’s leading public universities, has signed an MoU with AD Ports Group, the region’s premier facilitator of logistics, industry, and trade in Abu Dhabi, to spearhead several sustainable development goals across several key areas. As part of the MoU, the two organisations will work closely together to advance the development of ...

  DUBAI / WAM Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. The initiative is a key part of DIFC’s efforts to achieve the goals of its 2030 strategy by attracting the best minds and companies from around the world to ...

Dubai / WAM Emirati citizens accounted for nearly one-third of the total number of employees of Expo 2020 Dubai, which was due to the many initiatives aimed at empowering Emirati citizens and improving their overall skills as part of the country’s overall Emiratisation efforts. Emirati citizens comprised some 30 percent of all employees of Expo 2020 Dubai, with 248 working ...

  Abu Dhabi / WAM The Emirates Red Crescent (ERC) supports its Ramadan programmes in 64 countries by allocating an additional budget to enlarge its scope of beneficiaries worldwide. Upon the directives of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC, the ERC has implemented Ramadan Iftar, Zakat Al ...

  Bloomberg Japan will ban imports of Russian coal, Prime Minister Fumio Kishida said, in a bold policy shift that adds pressure on Moscow after the European Union announced its own embargo on the fuel. “Russia’s cruel and inhumane actions are coming to light one after another all over Ukraine,” Kishida told reporters in Tokyo, adding Moscow must be made ...

Bloomberg European Union nations have frozen some 29.5 billion euros ($32.1 billion) in assets linked to Russian and Belarusian individuals and entities since the bloc adopted its first sanctions over Russia’s invasion of Ukraine. The EU’s new “freeze and seize” task force said that more than half of the bloc’s 27 member nations have informed it about the measures they ...

  Bloomberg The owners of an oil-production and storage ship had a history of financial problems before the vessel blew up in Nigerian waters two months ago. The Trinity Spirit, which caught fire on February 2, burned for more than 24 hours and left a stain of crude stretching for miles across the Atlantic Ocean. While the cause of the ...

  Bloomberg France would first halt large gas-fired power plants if any Russian supply disruption creates a shortage, while households would be the last in line, according to the country’s main gas-transmission network operator GRTgaz SA. European governments are preparing plans to prevent a massive hit on their economies should an increasingly isolated Russia halt gas flows ahead of next ...