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MEXICO CITY (Reuters) - Latin America and the Caribbean need to rapidly boost spending to up to 4.9% of gross domestic product (GDP) annually by 2030 to meet their climate targets, a United Nations agency said in a report on Monday. The Economic Commission for Latin America and the Caribbean (ECLAC) report presented at Dubai's COP28 summit said the region must spend between 3.7% to 4.9% of GDP annually, up from just 0.5% in 2020, amounting to total investments of $2.1 trillion to $2.8 trillion by 2030. This implies the "availability of substantial but not unattainable amounts - and the time to act is now," ECLAC Executive Secretary Jose Manuel Salazar-Xirinachs said. Climate mitigation - mostly projects around transportation as well as energy, infrastructure and deforestation - would take up the lion's share of spending, ECLAC said, while a remaining third would need to go toward adaptation methods. Climate change - excluding the impacts of extreme phenomena - could strip 10% off labor productivity in some countries, it added, cutting potential for economic growth.
Persons: Jose Manuel Salazar, Xirinachs, ECLAC, Salazar, Marion Giraldo, Sarah Morland, Sandra Maler Organizations: MEXICO CITY, United, Economic Commission, Latin Locations: MEXICO, America, Caribbean, United Nations, Latin America, Uruguay, Brazil, Argentina, South America's Parana, La Plata, Chile
What are leaders saying at the UN climate summit?
  + stars: | 2023-12-02 | by ( ) www.reuters.com   time to read: +3 min
President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan walks with Brazil's President Luiz Inacio Lula da Silva, alongside other world leaders and delegates, at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates,... Acquire Licensing Rights Read moreDUBAI, Dec 2 (Reuters) - World leaders addressed the COP28 summit on Saturday, where their countries' delegations are assessing progress towards meeting global climate goals. Because for every dollar that we spend before disaster, we can save $7 in damage, and indeed loss of lives. Leaders who deny climate science, delay climate action and spread misinformation. Corporations that greenwash climate inaction and lobby for billions of dollars in fossil fuel subsidies. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.
Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Luiz Inacio Lula da Silva, OLAF SCHOLZ, there's, POPE FRANCIS, State Cardinal Pietro Parolin, KAMALA HARRIS, William James, Elizabeth Piper, Nandita Bose Organizations: United, United Nations, Change, Vatican, State, Reuters, Thomson Locations: United Arab Emirates, Dubai, DUBAI, BARBADOS
What to watch at COP28 on Saturday?
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +1 min
Delegates walk past flag posts at the Dubai's Expo City after attending the World Climate Action Summit, during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. Among the headliners expected to speak at COP28 are U.S. Vice President Kamala Harris, Barbados Prime Minister Mia Mottley and Ukrainian President Volodymyr Zelenskiy, whose video address had originally been scheduled for Friday. Governments also are poised to announce a promise to triple renewable energy capacity, boost nuclear energy capacity and rein in emissions of methane. Friday's first day at the summit highlighted tensions between the United Nations, whose secretary general urged leaders to commit to quitting fossil fuels, and the COP28's UAE hosts, who have urged cooperation with oil companies. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.
Persons: Thomas Mukoya, Kamala Harris, Mia Mottley, Volodymyr Zelenskiy, Katy Daigle, Diane Craft Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, UAE, Reuters, Thomson Locations: Dubai, United Arab, COP28, Barbados, Gaza
[1/2] World leaders and delegates walk at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. Away from the main stage, delegations and technical committees set to work on Friday with the mammoth task of assessing their progress in meeting global climate targets, specifically the Paris Agreement goal of limiting global warming to within 2 degrees Celsius above preindustrial temperatures. The United Nations on Friday published its first draft for what could serve as a template for a final agreement from the COP28 summit, which ends Dec. 12. The summit also clinched an early victory by adopting a new fund to help poor nations cope with costly climate disasters. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.
Persons: Thomas Mukoya, Britain's King Charles, Antonio Guterres, William Ruto, Prince Mohammed bin Salman Al Saud, Sultan Ahmed al, Jaber, Valerie Volcovici, William James, Katy Daigle, Miral Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, Saudi, United Arab, Reuters, Thomson Locations: Dubai, United Arab, Paris, United Arab Emirates
The sources said the UAE would provide the bulk of the money and private equity firm TPG and infrastructure investor Brookfield would also be involved. Two sources said the money would be overseen by UAE-backed investor Lunate Capital. A view of Dubai's Expo City during the United Nations Climate Change Conference (COP28) Climate Summit in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsA second source said BlackRock, TPG and Brookfield would allocate money currently housed in other funds to the UAE fund and that talks over the fund began after the summer and carried on through October. Additional reporting by Andres Gonzales, Anousha Sakoui and Elisa Martinuzzi in London Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: Lunate, Amr Alfiky, Andres Gonzales, Anousha Sakoui, Elisa Martinuzzi, Susan Fenton Organizations: Lunate, BlackRock, TPG, Brookfield, United, Reuters, Lunate Capital, Financial Times, Dubai's, United Nations, Change, United Arab Emirates, REUTERS, UAE, COP28, Thomson Locations: UAE, DUBAI, United Arab Emirates, Dubai, United Arab, BlackRock, Brookfield, London
A man was sentenced to three months in a Dubai prison after he insulted airport staff last year. The incident happened when airport staff were slow to bring his mom a wheelchair, reports say. AdvertisementA British tourist was sentenced to three months in a Dubai prison after he insulted airport staff who were slow to bring his mom a wheelchair, according to The National. He was initially fined for the incident, in which he cursed at an airport employee in a transit area of Dubai International Airport in February last year, according to MailOnline. "When I tried to explain it to him, he insulted me using very bad language," the airport employee said, according to the newspaper.
Persons: , MailOnline Organizations: UAE, Service, Dubai, of Appeal, Dubai International Airport, New Locations: Dubai, UAE, British, New York
Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".
Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai
DP World says hackers stole Australian ports employee data
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +1 min
SYDNEY, Nov 28 (Reuters) - DP World Australia, one of the country's largest ports operators, said on Tuesday hackers had accessed files containing personal details of employees after a cyber incident early this month forced it to suspend operations for three days. "While the investigation has shown that customer data was not affected, some of the impacted data includes the personal information of current and previous employees," the company, part of Dubai's state-owned DP World, said in a statement. DP World did not provide any details about the perpetrators but said its investigation confirmed the incident was confined to its Australian operations and did not impact any other markets where the company operates. No ransomware was found or deployed within the DP World Australia network, the company said. After spotting the breach, DP World, one of a handful of stevedore industry players in Australia, disconnected from the internet, significantly impacting freight movements.
Persons: Renju Jose, Sonali Paul Organizations: SYDNEY, Fremantle, DP, Australia, Thomson Locations: Australia, Melbourne, Sydney, Brisbane, Western, Dubai's
RIYADH, Nov 25 (Reuters) - A container ship managed by an Israeli-controlled company was hit by a suspected Iranian drone in the Indian Ocean, causing minor damage to the vessel but no injuries, a U.S. defence official said on Saturday. The Malta-flagged CMA CGM SYMI, recently renamed Mayet, was struck on Friday by an unmanned aerial vehicle, which appeared to be an Iranian Shahed-136 drone, in the northeast portion of the Indian Ocean, the official said, asking not to be named. Israel called the vessel's seizure an "Iranian act of terrorism". Singapore-based Eastern Pacific Shipping (EPS), which had rented Mayet, said it was aware a container ship was targeted in a possible security incident on Friday. The United States has blamed Iran for unclaimed attacks on several vessels in the region in the past few years.
Persons: Yemen's Houthis, Idan Ofer, Mayet, Aziz El Yaakoubi, Sybille de La, Maayan, Helen Popper Our Organizations: Eastern Pacific Shipping, Reuters, Dubai's, United, Britain's Maritime Trade Operations, Dubai Newsroom, Thomson Locations: RIYADH, Israeli, U.S, Malta, Iranian, Iran, Russia, Ukraine, Israel, Singapore, Dubai's Jebel Ali, Oman's, United States, Tehran, Red, Paris, Jerusalem
DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates said Thursday it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between the airline and the European manufacturer went unusually public during this week's Dubai Air Show. On Tuesday, Emirates President Tim Clark signaled the carrier would hold off on a major purchase of Airbus A350 aircraft over concerns about the Rolls-Royce Trent XWB-97 engines on the 350-1000. A statement issued by Emirates that also quoted Airbus did not mention the engine dispute, but the airline and the manufacturer notably did not hold a news conference at the Dubai Air Show to discuss the purchase. Airbus discontinued its iconic double-decker A380, which is one of the main workhorses of Emirates' fleet. “With this agreement, we mark another solid step forward in the long-standing relationship agreement between Emirates and Airbus,” Airbus Chief Commercial Officer Christian Scherer said in the statement.
Persons: , Tim Clark, Royce Trent XWB, Royce, Sheikh Ahmed bin Saeed Al Maktoum, Christian Scherer Organizations: United Arab Emirates, Emirates, Airbus, Dubai Air Show, Boeing Co, Tuesday, ” Emirates, , Boeing Locations: DUBAI, United Arab, European, Emirates, Dubai
Aermacchi MB-339 trainer aircraft of the Fursan al-Emarat (UAE Knights) aerobatics team release smoke as they fly over with an Emirates Airbus A380-861 jetliner aircraft during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. A Boeing 777-X aircraft flies during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. Boeing orders 'exceeded investor expectations'Boeing's orders are already nearly three times as high as its total orders from the Dubai Airshow in 2021, and approaching the 356 orders in clinched at the 2023 Paris Airshow in June. Airbus's order figure of 86 aircraft is meanwhile significantly behind its 2023 Paris Airshow haul of 846 orders and 2021 Dubai Airshow total of 408. Prior to this week, the iconic American manufacturer hadn't enjoyed a winning performance at a Dubai Airshow since 2017.
Persons: Giuseppe Cacace, Giuseppe CACACE, GIUSEPPE CACACE, Cowen, SunExpress, EgyptAir, Tim Clark, Clark, Royce, hadn't Organizations: UAE Knights, Emirates Airbus, Maktoum International Airport, Afp, Getty Images, United Arab Emirates —, Boeing, Airbus, Royce, Emirates, Dubai, Getty, Ethiopian Airlines, Royal Jordanian, Royal Air Maroc, Air Baltic, Industry, Turkish Airlines, Turkish, Dubai Airshow, Max, RBC Capital Markets, RBC, Saudi Arabia's, Saudi Locations: Emarat, Dubai, Al, Maktoum, Getty Images DUBAI, United Arab, Emirates, East, West, Turkey, India, Saudi Arabia, AFP, widebodies, Istanbul, Paris, Riyadh Air
Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.
Persons: , Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France
Crypto.com wins Dubai licence
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, Nov 14 (Reuters) - Virtual assets exchange Crypto.com's Dubai entity CRO DAX Middle East FZE has received a licence from the city state's regulator, subject to operational approval, the company said in a statement on Tuesday. Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors, including exchange services, broker-dealer services, investment services, and lending and borrowing services, the statement said. “Dubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation," Kris Marszalek, CEO of Crypto.com said. With more than 80 million customers globally, Crypto.com announced Dubai as its regional hub for the Middle East and North Africa in March 2022, following a trend of other major industry players gravitating towards the Gulf city state. Reporting by Rachna Uppal; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: DAX, Kris Marszalek, Crypto.com, Rachna Uppal, Michael Perry Organizations: Virtual Assets Service, Assets Regulatory Authority, Dubai International Financial, Crypto.com, Thomson Locations: DUBAI, Dubai, VARA, East, North Africa, Gulf
DUBAI, United Arab Emirates (AP) — Passenger numbers at Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers. Political Cartoons View All 1247 ImagesHartsfield-Jackson Atlanta International Airport remains the busiest passenger airport overall. Griffiths' announcement comes during the Dubai Air Show at Al Maktoum International Airport at Dubai World Central, the city-state’s second airfield some 45 kilometers (28 miles) away from Dubai International Airport.
Persons: “ We’re, Paul Griffiths, Griffiths, FlyDubai Organizations: United Arab Emirates, Dubai International Airport, Emirates, Dubai Airports, United Arab, Hartsfield, Jackson Atlanta International, Dubai Air, Al, Al Maktoum International Airport, Central, Dubai International, Qatar, Boeing Co, Boeing Locations: DUBAI, United Arab, Dubai, Dubai's, India, Emirates, East, West, Saudi Arabia, Pakistan, U.S, Russia, United Arab Emirates, Moscow, Ukraine, Al Maktoum
[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.
Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine
Futures dip as focus shifts to economic data
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.
Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru
Emirates and flyDubai place Dubai Airshow jet orders
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +1 min
A Boeing 777-9, a variant of the 777X, performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsDUBAI, Nov 13 (Reuters) - Dubai's Emirates placed an order for 90 more Boeing (BA.N) 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet. The world's largest international carrier also added five more Boeing 787s to an existing order, saying the total package of new widebody jets was worth over $50 billion at list prices. The 777X order includes 55 of the 400-seat 777-9 variant and 35 of the smaller 777-8, he told a news conference. Sister airline flyDubai also weighed in at the start of the biennial event with an order for 30 Boeing 787-9 in its first order for wide-body jets.
Persons: Benoit Tessier, Sheikh Ahmed bin Saeed Al Maktoum, flyDubai, Alexander Cornwell, Tim Hepher Organizations: Boeing, Paris, REUTERS, Rights, Dubai's Emirates, Emirates, Thomson Locations: Le Bourget, Paris, France, Rights DUBAI, Dubai
I've been in contact with the company again this morning and they're making good progress," the government's Cyber Security Coordinator Darren Goldie told ABC Radio. After spotting the breach, DP World, one of a handful of stevedore industry players in Australia, disconnected internet, significantly impacting freight movements, Goldie said. The company, part of Dubai's state-owned DP World, did not immediately respond to a request seeking comment. In a statement on Sunday, DP World said the company was testing key systems crucial for the resumption of regular freight movement. The breach comes as the government prepares to release soon details on its proposed cyber security laws.
Persons: I've, Darren Goldie, Goldie, Clare O'Neil, O'Neil, Renju Jose, Lisa Shumaker Organizations: SYDNEY, ABC Radio, DP, Fremantle, telco Optus, Thomson Locations: Melbourne, Sydney, Brisbane, Western, Australia, Dubai's
Police investigate 'cyber incident' at Australia ports operator
  + stars: | 2023-11-11 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsSYDNEY, Nov 12 (Reuters) - The Australian Federal Police said on Sunday they were investigating a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states. DP World Australia told Reuters on Saturday that operations at impacted ports were not yet restored. DP World Australia, part of Dubai's state-owned ports giant DP World, operates four container terminals in Australia in Melbourne, Sydney, Brisbane and Western Australia's Fremantle. Home Affairs Minister Clare O'Neil said on Saturday that the government was coordinating a response to the "cyber incident". According to DP World, in the Asia Pacific region it employs more than 7,000 people and has ports and terminals in 18 locations.
Persons: Dado Ruvic, We've, we're, Darren Goldie, Goldie, Clare O'Neil, Sam McKeith, David Gregorio Our Organizations: REUTERS, Rights, Australian Federal Police, Australia, DP, Reuters, Fremantle, Cyber, Twitter, Home Affairs, Thomson Locations: Dubai's, Australia, Melbourne, Sydney, Brisbane, Western, Sydney , Melbourne, Asia
SYDNEY, Nov 11 (Reuters) - The Australian government said on Saturday that it was coordinating a response to a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states. A DP World Australia spokesperson told Reuters on Saturday that operations at impacted ports were not yet restored. Australia's National Cyber Security Coordinator, appointed earlier this year in response to several major data breaches, was managing the official response to the incident, O'Neil said. DP World Australia, part of Dubai's state-owned ports giant DP World, operates four container terminals in Australia in Melbourne, Sydney, Brisbane and Western Australia's Fremantle. According to DP World, in the Asia Pacific region it employs more than 7,000 people and has ports and terminals in 18 locations.
Persons: Clare O'Neil, O'Neil, Sam McKeith, Simon Cameron, Moore Organizations: SYDNEY, Australia, Home Affairs, Cyber Security, DP, Thomson Locations: Dubai's, Australia, Melbourne, Sydney, Brisbane, Western, Fremantle, Asia
Kate Phillipson moved from the UK to Bahrain in 2020 with her navy-sailor boyfriend at the time. She says Bahrain is safe and sunny and she has a better work-life balance than she did in London. Phillipson describes life in Bahrain as idyll — as it is for many educated, mostly Western professionals who have arrived in Bahrain like her. There's also a much-stronger work-life balance, she said, with less expectation to be on call outside office hours compared with her London life. "I'd not even heard of it before I moved here, but I don't have any plans on leaving anytime soon."
Persons: Kate Phillipson, , Phillipson, Briton, expats who've, idyll, Bahrain —, There's, Kate Phillipson Phillipson, I've, I'd, It's, she's Organizations: Service, Human Rights Watch, Bahraini, Las Locations: Bahrain, London, Saudi Arabia, South Asia, Solymar, St, Tropez, France, Italy, England, Europe, Saudi, Las Vegas, Ethiopian
Dubai ruler approves 246.6 billion dirham budget for 2024-2026
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
Horse Racing - Dubai World Cup - Meydan Racecourse, Dubai, United Arab Emirates - March 30, 2019 Dubai's Ruler Sheikh Mohammed bin Rashid al-Maktoum, Prime Minister and Vice-President of the United Arab Emirates gestures from the podium during the trophy presentation for the Dubai World Cup Sponsored By Emirates Airline ... Acquire Licensing Rights Read moreDUBAI, Nov 6 (Reuters) - Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a budget of 246.6 billion dirham ($67.14 billion) for the emirate's government in 2024-2026, the Dubai media office said on Monday. Expenditure for the fiscal year 2024 alone is estimated at 79.1 billion dirham, and public revenues at 90.6 billion dirham, the media office added. Of the estimated revenues, 85.1 billion dirham would be allocated to the budget, and the remaining 5.5 billion dirham would go to the general reserve, it said. Dubai, one of the seven emirates that constitute the oil-rich United Arab Emirates, is widely regarded as the trade and tourism hub of the Gulf region. ($1 = 3.6729 UAE dirham)Reporting by Nayera Abdallah; editing by Mark Heinrich and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Sheikh Mohammed bin Rashid al, Maktoum, Saleh Al Saleh, Al Saleh, Nayera Abdallah, Mark Heinrich, Barbara Lewis Organizations: Racing, Dubai, United Arab Emirates, United, Emirates Airline, Department, Finance, Thomson Locations: Dubai, United Arab, United Arab Emirates, DUBAI, Gulf, UAE
Akbar Al Baker, QR Group CEO during the FIFA Legends Event on Dec 11, 2022. He has retired as CEO of Qatar Airways, a source familiar with the matter said on Oct 23, 2023. Qatar Airways could not immediately be reached for comment. Airbus and Qatar Airways settled at the end of January, averting a rare and potentially damaging UK court trial in the jet sector. It was not immediately clear whether Al Baker was retiring from other posts, which include serving as the chief executive of Hamad International Airport and of Qatar Duty Free.
Persons: Akbar Al Baker, Paul Childs, Al Baker, Gulf Badr Mohammed Al Meer, Badr Mohammed Al Meer, Al Baker's, Saad Sherida Al, Kaabi, Alex Macheras, Sheikh Tamim bin Hamid Al Thani, Maha El Dahan, Andrew Mills, Alexander Cornwell, Tim Hepher, Bernadette Baum, Mark Potter, Sharon Singleton Organizations: QR, FIFA, Qatar Airways, REUTERS, DOHA, Reuters, Hamad International Airport, Dubai's, Turkish Airlines, U.S, Airbus, Boeing, Qatar, Qatar Duty Free, Thomson Locations: Gulf, Qatar’s, Dubai's Emirates, East, Berlin, Qatar
STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.
Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion
Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. British Airways said it would suspend flights to Tel Aviv after diverting a flight from London back to Britain shortly before it was due to reach Tel Aviv, citing security concerns. U.S. Transportation Secretary Pete Buttigieg said Washington remains in talks with U.S. airlines about flights to Israel. Passengers have complained of mounting costs especially for leaving Israel, but airlines deny driving up prices.
Persons: Yiannis, El Al, Sun Dor, Israel, ” Neil Roberts, Jan Lipavsky, Lipavsky, couldn't, Annalena Baerbock, Carsten Spohr, Pete Buttigieg, flydubai, Steven Scheer, Carolyn Cohn, Jacob Gronholt, Pedersen, Michael Kahn, Victoria Klesty, Joanna Plucinska, Tim Hepher, Huseyin Hayatsever, David Shepardson, Alexander Cornwell, Mark Potter, Lincoln Organizations: Larnaca International Airport, REUTERS, El, Hamas, Association, British Airways, Lufthansa, German, . Transportation, U.S, Nordic, Dubai's Emirates, Etihad Airways, Thomson Locations: Israel, Larnaca, Cyprus, Israeli, Athens, Rome, Madrid, Bucharest, New York, Paris, Istanbul, El, Tel Aviv, London, Britain, Czech, Oman, Prague, Lipavsky, Denmark, Carsten Spohr ., Washington, Norwegian, Oslo, Abu Dhabi, United States, COVID
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