Bloomberg Facebook Inc is facing its first in-depth probe by European regulators, the latest in a series of efforts to crack down on big tech market dominance across the continent. The European Commission said it will investigate whether Facebook misuses a trove of data gathered from advertisers to compete against them in classified ads. It will also check if the ...

Bloomberg Nissan Motor Co is pushing back the release of its flagship Ariya electric vehicle, highlighting the struggle automakers everywhere are facing in trying to launch new cars amid a persisting shortage of semiconductors. When the Ariya SUV was first unveiled in July last year, Nissan said it was scheduled to go on sale in mid-2021. The company said a ...

Bloomberg Oil extended gains amid signs of a recovery in demand in parts of the western world, and after Opec+ provided an upbeat assessment of the market’s outlook. Futures in New York rise 0.8% after closing at the highest since October 2018. Brent also climbed after settling above $70 a barrel. US gasoline demand was the highest since the pandemic ...

ABU DHABI / WAM As of June 15, the Ministry of Human Resources and Emiratisation (MoHRE) will begin implementing the ban on works performed under the sun and in open places from 12:30 pm to 3:00 pm until September 15. Under the decision, daily working hours, for morning, evening or both shifts, are not to exceed eight hours. If a ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), has announced an increase of around 10 percent in energy demand growth and 10 percent rise in the peak load of electricity in Dubai until the end of May compared to the same period in 2020. Demand for energy increased in the first ...

ABU DHABI / WAM The Emirates Development Bank (EDB), fully owned by the UAE Federal Government, has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Dubai (CBD), to offer a credit guarantee and co-lending programmes for small and medium-sized enterprises (SMEs) in the UAE. The MoU is part of EDB’s commitment to supporting the goals of the ...

ABU DHABI / WAM On the back of quarantine-free travel to Morocco, and back into the emirate of Abu Dhabi, Etihad Airways is restarting services to Rabat on June 23. As Phuket prepares to reopen to international vaccinated travellers, Etihad is recommencing services to the popular holiday destination on July 1. To simplify the travel experience and provide additional peace ...

Abu Dhabi / WAM The Galleria Al Maryah Island in Abu Dhabi surpassed 2.7 million visitors in May, the highest monthly footfall attained to date. This new record was the result of an eventful month that included Ramadan and Eid activations. Despite the ongoing Covid-19 pandemic and capacity restrictions, The Galleria remains the community’s preferred safe shopping destination. Due to ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Government Media Office (RAKGMO) has won an honorary gold award in the Outstanding Management category at the Middle East and North Africa Stevie Awards 2021, which were held under the patronage of Ras Al Khaimah Chamber of Commerce and Industry in a virtual event. The award came in recognition of RAKGMO’s notable ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed a comprehensive assessment of more than 1,300 digital and smart services provided by ministries and government departments. “Today we directed a thorough evaluation of digital and smart services provided by federal government ministries and departments. ...