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Over 60 countries represented at Arab Health 2022

  DUBAI / WAM A total of 62 countries will be represented on the exhibition floor of the 2022 edition of Arab Health, the Mena region’s leading exhibition for the healthcare industry, taking place at the Dubai World Trade Centre from January 24 – 27. The 2022 edition of the show, which returns as a co-located event for the healthcare ...

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Dewa launches project to improve employee productivity

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) launched the Real-Time Mobile Work Force Project to improve productivity and fieldwork efficiency. This is part of its efforts to enhance the happiness of its employees and help them complete their tasks easily and efficiently, anytime and anywhere. The project includes 109 processes related to Distribution Power; Water and Civil; ...

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German energy giant Uniper gets $11bn for margin calls

  Bloomberg German energy giant Uniper SE was forced to borrow billions to pay down margin calls — the collateral that exchanges require to back up trades — as European gas and electricity prices rallied. Uniper got additional loans totaling 10 billion euros ($11.3 billion) from its Finnish parent Fortum Oyj and KfW IPEX-Bank, the company said in a statement ...

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Kim Jong-un fires missile as he ignores Biden’s call for talks

  Bloomberg North Korea appears to have launched its first ballistic missile in about two months, after leader Kim Jong-un indicated he was more interested in bolstering his arsenal than returning to stalled nuclear talks with the US. North Korea fired what appeared to be a ballistic missile from land into waters off its east coast Wednesday, South Korea’s military ...

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Biden launches plan to fight meatpacker giants on inflation

  Bloomberg President Joe Biden promised to “fight for fairer prices” for farmers and consumers as he announced plans to combat the market power of the giant conglomerates that dominate meat and poultry processing. “Capitalism without competition isn’t capitalism, it’s exploitation,” Biden said. “That’s what we’re seeing in meat and poultry.” Biden joined Agriculture Secretary Tom Vilsack and Attorney General ...

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German labour market recovers in December

  Bloomberg German joblessness continued to fall in December before the country tightened restrictions to ward off a wave of infections sparked by the omicron variant. Unemployment in Europe’s largest economy falls by 23,000, beating economists’ forecast for a drop of 15,000. The jobless rate slid to 5.2%. “The labour market developed well towards the end of the year,” said ...

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Euro area inflation is close to its peak, says ECB’s Villeroy

  Bloomberg The surge in euro-area inflation that surprised policy makers in recent months is close to its peak, according to European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau. A report on French consumer prices in December shows the first signs of stabilisation and the ECB expects upward pressures to fade through 2022, the French central bank ...

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Over 20 million US jobs won’t return to office: Report

  Bloomberg The shift to remote work for high-paying jobs will accelerate this year, according to a new report, defying city officials who are desperate to bring workers back and reinvigorate their economies. More than a quarter of all professional positions in North America, largely concentrated in the US, will be fully remote by the end of this year, up ...

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Dubai Internet City, Khazna to establish two data storage units

  Dubai / WAM Dubai Internet City, the region’s largest hub for technology companies and talent, has announced a deal with Khazna Data Centers, one of the largest wholesale data centre providers in the Middle East and North Africa, to establish two state-of-the-art facilities to further support enterprises of all sizes by enabling the integration of technology across all business ...

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Expo 2020 Dubai passes half-way mark, with just 87 days left

  DUBAI / WAM Expo 2020 Dubai has recorded 8,958,132 visits during its first three months, boosted by a slate of spectacular events across the December festive season and with more world-class sport, music and cultural performances expected in the second half of its six-month run. From October to December 2021, Expo hosted a total of 8,902 government leaders, including ...

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