ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has thanked South Korea for its support to the UAE’s offer to host the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023. In a statement, Sheikh Abdullah said, “We ...
Read More »flydubai to start flights to Oman’s Sohar from Nov 4
DUBAI / WAM flydubai, the Dubai-based airline, announced on Tuesday the start of flights to Sohar in Oman becoming the first airline to operate this route from Dubai. This is the carrier’s third destination in the Sultanate, alongside Muscat and Salalah. Flights to Sohar International Airport (OHS) will start on November 04 and will operate twice a week from Terminal ...
Read More »Dubai Customs inks e-commerce deals with Dafza & Dubai South
Dubai / WAM In alignment with Dubai’s ecommerce strategy objectives aiming to position the emirate as a global logistics hub for cross-border e-commerce operations, Dubai Customs has signed cooperation framework agreements on the sidelines of Gitex Technology Week with Dubai Airport Freezone (Dafza), Dubai CommerCity, and Dubai South to leverage their e-commerce capabilities and boost the growth of this business ...
Read More »Adda, AWS partner to drive cloud computing capacity building
Dubai / WAM The Abu Dhabi Digital Authority (ADDA), the government entity leading the digital transformation in the government of Abu Dhabi, has signed a joint collaboration agreement with Amazon Web Services (AWS) during its participation at Gitex Technology Week 2021, which runs until October 21 at the Dubai World Trade Centre. The collaboration agreement comes as part of ADDA’s ...
Read More »Abu Dhabi Customs, Tamm unveil ‘Invisible Customs’ at Gitex
ABU DHABI / WAM The General Administration of Abu Dhabi Customs has launched, in cooperation with the Government Services Platform “Tammâ€, the “Invisible Customs†initiative through the smart “Digital Customs Dashboard†to request and track customs transactions, during Gitex Technology Week 2021. The launch of the initiative is in line with the directives of the wise leadership and the efforts ...
Read More »Hydrogen’s role in renewable energy mix to be in focus at Adipec
ABU DHABI / WAM Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, policymakers and business leaders from across the world to share perspectives on how hydrogen can potentially deliver a holistic, clean, integrated approach to the Middle East and North Africa (Mena) region’s energy sector. Held under the patronage of President ...
Read More »Covid made London, Paris cheaper — for the rich
Betting on the “death of the city†after Covid always looked extreme — Classical Athens survived far worse plagues and disasters. Yet places like London and Paris are once again having to confront the risk of hardening into enclaves for the rich. Even as the scars of past lockdowns keep tourism subdued and some workers in far-flung locales, house prices ...
Read More »737 Max crisis wasn’t one man’s fault
The first indictment in the Boeing Co 737 Max crisis should not be the last. Late last week, a federal grand jury charged the company’s former chief technical pilot, Mark Forkner, with deceiving Federal Aviation Administration (FAA) officials in their evaluation of the Max and scheming to defraud the plane maker’s customers. Forkner is the only person to be indicted ...
Read More »Hedge funds need new M&A playbook in Berlin
Merger arbitrageurs once found it easy to force bidders for German companies to pay a full price for a takeover target. But acquirers are adopting a new playbook to keep meddlesome hedge funds at bay. For the German corporate sector, it’s a pyrrhic victory. The key battle in German M&A used to be over securing a 75% holding — the ...
Read More »BOE is made for hiking, that is what it will do
Clunk! With all the subtlety of a dropped hammer, Bank of England (BOE) Governor Andrew Bailey dispelled what little doubt was left that UK interest rates would be raised before the end of this year. The central bank would “have to act†to reduce inflationary pressures, he declared at an online panel held by the Group of 30, an organisation ...
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