Blog List Layout

Bloomberg Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa, that was hailed as a vital step towards alleviating a global food crisis. Ukrainian officials indicated they’re still moving ahead with the landmark agreement reached Friday to release millions of tons of grain that ...

  Abu Dhabi / WAM Abu Dhabi’s real estate market sustained growth driven by investor optimism, recorded 7,474 property transactions amounting to over AED22.51 billion, as per the latest report released by the Department of Municipalities and Transport (DMT). The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT’s real ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) held a workshop in the presence of representative stakeholders from institutions and government agencies to consult on the Abu Dhabi Biodiversity Protection Policy. The workshop aimed to present the proposed policy and help organise and promote the sustainable use of biodiversity resources. The longer-term goal is to preserve ...

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development has welcomed Abacus, a leading vendor of business management solutions, as the latest e-Empower partner. Abacus, the official Sage provider in the Mena region, will offer Khalifa Fund applicants specialised packages to enhance their digital capacities. Within the agreement, Abu Dhabi entrepreneurs will have access to awareness sessions on digital ...

  DUBAI / WAM Dr Suhail Al Bastaki, Director of Happiness and Marketing Department at Union Coop, confirmed that consumers had interacted positively with the decision to limit single-use plastic bags since its implementation on July 1. He added that consumers are using recyclable and environmentally friendly bags that can be used multiple times while making a purchase. He pointed ...

  Bloomberg The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd. Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample space for carbon sequestration, said Andrew Latham, ...

Bloomberg Taiwan has been left “hurt” and confused by contradictory signals coming out of Washington over a possible visit to Taipei by House Speaker Nancy Pelosi. Pelosi is planning a trip to Asia that would include a visit to Taiwan, according to people familiar with the matter. It would be the first by a House speaker to Taipei since 1997. ...

Bloomberg The UK government is borrowing billions of pounds more than forecast as soaring inflation drives up the cost of servicing the national debt. Official figures showed the budget deficit totalled £22.9 billion ($27.5 billion) in June, up more than 20% compared with the same month last year. It left the gap in the first three months of the fiscal ...

Bloomberg Applications for US state unemployment insurance rose for a third week to the highest since November as more companies announce job cuts, suggesting some softening in the labour market. Initial unemployment claims increased by 7,000 to 251,000 in the week ended July 16, Labour Department data showed. The figures coincide with the reference period for the July jobs report ...

  Bloomberg Tesla Inc has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year. The chief executive officer tempered his optimism while discussing Tesla’s better-than-expected earnings, emphasising how challenging it’s been to secure parts and materials. Tesla sold roughly 75% of its ...