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Minister of Health of Seychelles thanks UAE for its humanitarian support in La Digue Island

LA DIGUE / WAM Peggy Vidot, Health Minister and Principal Secretary of Seychelles, thanked President His Highness Sheikh Mohamed bin Zayed Al Nahyan for providing humanitarian aid to her country. She also praised HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development ...

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Abu Dhabi Chamber signs pact with Ethiopia’s EIC

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry has signed a memorandum of understanding with the Ethiopian Investment Commission (EIC) to foster the robust economic collaboration between the UAE and Ethiopia and establish a framework for cooperation that advances trade, investment, and economic relationships between the two sides. The signing of the MoU was held on ...

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Sultan bin Ahmed crowns powerlifting champions at UOS

DUBAI / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and President of the University of Sharjah (UOS), attended the wrap-up of the first Asian Cup for Universities in Powerlifting, organised by the University in cooperation with the Emirates Bodybuilding and Fitness Federation (EBFF). Kicked off on August 16, the tournament sparked the fire ...

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Sheikh Hamad receives former Fujairah Police officers

FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, received, at the Al Rumailah Palace, several retired Fujairah Police officers, in the presence of Sheikh Saleh bin Mohammed Al Sharqi, Chairman of the Department of Industry and Economy in Fujairah, and Sheikh Dr Rashid bin Hamad Al Sharqi, Chairman of the Fujairah ...

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In line with directives of UAE President,  La Digue Hospital in Seychelles was built  at cost of AED25mn

ABU DHABI / WAM Wavel Ramkalawan, President of Seychelles, has inaugurated a new hospital established on La Digue Island through a contribution provided by HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF) and the “Mother of the Nation”. The ...

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South Africa’s Thungela sees 69% profit drop on weak coal prices

BLOOMBERG South African coal exporter Thungela Resources Ltd saw profits plunge by 69% in the first half of the year on weaker coal prices and logistical constraints. The company, which is the country’s largest shipper of coal for electricity generation, posted record income last year as European demand for the fuel surged after Russia’s invasion of Ukraine, causing prices to ...

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Heat stifles parts of Europe as fires burn in Greece

BLOOMBERG Parts of Europe will remain much hotter than normal this week as wild fires destroy homes and force evacuations in parts of Greece. Madrid will for the next few days get temperatures of just below 40C (104F), or more than 6C above normal for the time of year, according to Maxar Technologies Inc. Red and Orange heat warnings remained ...

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Americans keep spending but big retailers doubt it will last

BLOOMBERG Americans are still spending. And the country’s biggest retailers are still warning that the party is at risk of fizzling.  Walmart Inc, Target Corp and Home Depot Inc all topped Wall Street’s profit estimates in their fiscal second quarters, which ended in late July. In that way, at least, the results reinforced the picture of a resilient consumer after ...

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The Asian Retailer Outgunning Amazon and Walmart in  South Africa

BLOOMBERG Shein is the most downloaded shopping app on South Africa’s Google Play store. And it isn’t even trying that hard. The Singapore-based fast-fashion brand launched in the country at the foot of the continent during the Covid-19 pandemic and is expanding via word-of-mouth and by offering first-time buyer discounts. It has already caused such a stir that local retailers ...

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ADX, Tawasal SuperApp partner to offer market updates

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has partnered with Tawasal SuperApp, a secure multi-purpose messenger and super app, to enable investors to access real-time ADX updates directly within the app. As part of the partnership, Tawasal users will gain access to a comprehensive range of real-time stock market data provided by ADX. Investors and traders will be ...

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