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  DUBAI / WAM The Ports, Customs and Free Zone Corporation (PCFC), has signed a commitment letter with the Dominican Republic’s General Directorate of Customs to officially implement a Customs Management System that will streamline logistics processes and reduce time and costs in cross-border trade. This agreement was signed at Expo Dubai 2020, as part of the Dominican Republic’s National ...

  SHARJAH / WAM The Sharjah Entrepreneurship Foundation (Ruwad) affiliated to Sharjah Economic Development Department (SEDD) discussed a new set of funding requests submitted by a number of small and medium enterprises in the Emirate of Sharjah. This came during the 8th meeting of the Foundation’s Project Finance Committee, and its second during 2022, which was held at the headquarters ...

  Abu Dhabi / WAM The government of the UAE has worked with the UK government to launch a toolkit to support financial institutions in tackling illicit financial flows in Illegal Wildlife Trade (IWT). Ahmed Ali Al Sayegh, UAE Minister of State, has partnered with UK Minister Lord Tariq Ahmad of Wimbledon to launch the toolkit, which was launched at ...

Markets have a short memory. It’s hardly surprising that when the price of Brent crude jumps 39% over the course of a month, people take fright. Russia is being touted as one of the world’s biggest oil producers after the US these days. The position of its exports on global markets looks highly uncertain, since sanctions that were designed to ...

French customs officials impounding a Russian billionaire Igor Sechin’s superyacht on the Cote D’Azur made for sensational headlines, but it was just one of the moves against a string of oligarchs by the US, Europe and UK. It is easy to mistake these actions simply as punishment. But hitting individual Russian billionaires with sanctions isn’t some mindless act of revenge ...

  Americans are understandably grumpy about 2022 amid buffeting by surging inflation, supply-chain disruptions, labor shortages and Covid-19. They might or might not feel relieved to learn that the country’s business leaders are more upbeat than ever. The Business Roundtable, the lobby of about 200 chief executives of major US companies, said its quarterly Economic Outlook Index reached an all-time ...

  Vladimir Putin’s decision to invade Ukraine — cutting off his own nation of nearly 150 million and torpedoing its economy in pursuit of a delusion — marks the start of a final act for Russia’s president. Not yet the end. Swept up by the charm of Ukraine’s comedian-turned-president, the bravery of the country’s defenders and the blunders of Russia’s ...

Bloomberg China warned the US against trying to build what it called a Pacific version of Nato, while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.” Foreign Minister Wang Yi told his annual news briefing Monday that the “real goal” of the US’s Indo-Pacific strategy was to form Asia’s answer to the North Atlantic Treaty ...

Bloomberg Russian forces destroyed an atomic-physics lab under international safeguards in Ukraine’s second-largest city, the head of the world’s nuclear watchdog said, underscoring growing concerns over the safety risks posed by fighting around the country’s atomic facilities. Rafael Mariano Grossi, who leads the International Atomic Energy Agency, said that a neutron generator at the Kharkiv Institute of Physics and Technology ...

  Bloomberg Prime Minister Viktor Orban signed a government decree authorizing stationing of Nato troops in Hungary. The decree, published on Monday, upholds the government’s ban on transport of lethal weapons to Ukraine via Hungary. Unlike many other east European member states of the North Atlantic Treaty Organization, Orban’s government hasn’t specifically asked for Nato troops to help defend its ...