Dubai /Â WAM Dr. Hanif Al Qasim, Chairman of the Geneva Centre for Human Rights Advancement and Global Dialogue, hailed the UAE’s contributions and achievements in the provision of humanitarian work in various countries and regions across the world, especially those witnessing natural catastrophes and armed conflicts. He also stressed the confidence of the international community and its operating organisations ...
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Emirates set enhance its service to Khartoum, Sudan
Dubai /Â WAM Emirates is set to upgrade its service between Dubai and Khartoum with the deployment of a larger Boeing 777-300ER on the route from September 1. The Boeing 777 will replace the current Airbus A340-300 and offer travellers on the route an enhanced on-board product experience and additional seats in Economy Class. Enhancements include an updated ice entertainment ...
Read More »Aldar Academies’ Al Yasmina Academy marks A-level results
Dubai / Emirates Business Al Yasmina Academy, part of Aldar Academies, the UAE’s leading provider of private education, is celebrating its students’ best-ever A-level results. Among those finishing the final year of A-levels, 74% percent achieved one or more A* to B grades, a 10% increase over 2015. Meanwhile, 35% of pupils earned all A* or A grades, a ...
Read More »British retail sales rebound sharply post Brexit vote
London / AFP Retail sales in Britain, a key driver of the economy, rebounded 1.4 percent in July from June’s drop, official data showed on Thursday, indicating no immediate fallout from Brexit but analysts warn of a tough year ahead. Sales by volume rose far higher than expected following a 0.9-percent drop in June that had been caused by ...
Read More »United Bankshares to buy Cardinal for $912 million
Bloomberg United Bankshares Inc. agreed to buy Cardinal Financial Corp. in an all-stock deal valued at about $912 million to expand in the Washington, D.C, region. The buyer will pay 0.71 United share for each Cardinal share, a price that represents 2.24 times Cardinal’s tangible book value as of June 30, the companies said Thursday in a statement. The ...
Read More »Potash glut may last a decade, says Russia’s fertilizer tycoon
Bloomberg Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6 billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive†actions by the largest sellers. Potash prices have collapsed since 2013, when a trade pact between Russian and Belarusian producers, ...
Read More »Jobless claims in US decreased more than forecast last week
Bloomberg Fewer Americans than forecast filed applications for unemployment benefits last week, indicating the US job market remains healthy. Jobless claims fell by 4,000 to 262,000 in the week ended Aug. 13, the smallest level in a month, a Labor Department report showed Thursday in Washington. The median forecast of 42 economists surveyed by Bloomberg called for 265,000. Low ...
Read More »Wal-Mart boosts forecast on higher earnings; shares up
New York / AFP Wal-Mart Stores reported higher second-quarter earnings and lifted its profit forecast on Thursday after notching higher sales in the US. Earnings for the quarter ending July 31 were $3.8 billion, up 8.6 percent from the year-ago period. Sales were up 0.5 percent at $120.9 billion. Wal-Mart scored higher comparable sales and customer traffic in the ...
Read More »Raging California ‘firenadoes’ threaten 82,000 homes
California / AFP Weary firefighters on Thursday battled a raging inferno that was threatening the homes of more than 82,000 people in southern California and sent flaming “firenadoes” tearing across the brush. Nearly 1,600 firefighters were fighting the giant blaze, but had only contained four percent of it, according to a fire service official. Dramatic local TV news footage ...
Read More »Israel defence chief has ‘carrot and stick’ West Bank plan
Jerusalem /Â AFP Israel’s hardline defence minister Avigdor Lieberman has a new “carrot and stick” policy for the West Bank that will penalise the hometowns of Palestinian attackers while rewarding others, his ministry said on Thursday. Under the policy, Palestinian families, villages and towns that are linked to attackers will face extra punitive measures, while those that are not will ...
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