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Dubai / WAM Two streets in Dubai — Happiness Street and Al Mustaqbal Street — have had their names swapped. The Roads and Transport Authority (RTA), announced in a press statement on Tuesday that the renaming follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of the UAE and Ruler of Dubai. Happiness ...

Dubai / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), opened the second edition of the Global Investment in Aviation Summit (GIAS 2020), at Madinat Jumeirah, Dubai, which is offering a platform for stakeholders to share insights, experiences and expertise. Organised by the GCAA under the theme, “Enabling global ...

TUNISIA / WAM Kais Saied, President of Tunisia, received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. At the start of the meeting, Sheikh Abdullah conveyed, to President Saied, the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

Bloomberg One way the rich get richer is through inheritance, and they’re barely paying taxes on it. Americans are projected to inherit $764 billion this year and will pay an average tax of just 2.1% on that income, New York University law professor Lily Batchelder estimates in a paper published on Tuesday by the Brookings Institution. By contrast, the estimated ...

Bloomberg General Motors Co affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year. Output of electric Cruise Origin driverless vehicles will follow soon after the initial pickups roll off the line, GM said in a statement . The automaker committed to investing $2.2 billion in the factory ...

Bloomberg Germany’s government sees economic growth of 1.1% this year, up from a previous projection of 1%, according to a person with direct knowledge of the matter. Europe’s largest economy expanded 0.6% in 2019, its slowest growth in six years, amid global trade tensions that weighed on its export-heavy economy. The government’s first major assessment of the economic situation this ...

Bloomberg iPod pioneer Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste. Fadell’s investment firm, Future Shape, is among the contributors to Advano’s $18.5 million Series A funding round. It’s Fadell’s first battery investment. Silicon could be key to building more powerful batteries. The anodes of most existing ...

ABU DHABI / WAM Upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) the ERC provided relief aid to those affected by a fire in the city of “Teen Hatti” in Karachi, Pakistan. Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, stressed that ...

ABU DHABI / WAM The Abu Dhabi Waste Management Centre, Tadweer, on Tuesday announced that it had collected 2,189,416.90 tonnes of waste in 2019, down from 2,259,508.64 tonnes in 2018, representing a decrease of 3.10 percent, attributed to its sustained efforts to minimise the volume of waste generated in the emirate to achieve its long-term sustainability objectives. This waste was ...

Abu Dhabi / WAM The UAE and Kazakhstan have maintained exemplary relations and cooperation in many respects, said President Kassym-Jomart Tokayev of Kazakhstan. President Tokayev made the remarks during a keynote speech at the UAE-Kazakhstan business meeting in Abu Dhabi, which was organised by the Abu Dhabi Chamber of Commerce and Industry, in collaboration with the Federation of UAE Chambers ...