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Irthi explores new avenues for traditional crafts

Sharjah / WAM Irthi Contemporary Crafts Council, an affiliate of the Nama Women Advancement Establishment, has broadened the global appeal of the UAE’s timeless, indigenous craft traditions through collaborations with entities at the forefront of the international design and cultural landscape. Teaming up with Dezeen, an influential architecture and design magazine and digital platform, Irthi showcased a selection of its ...

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US lawmakers urged to use tunnels as protests add to Washington risk

Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...

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Sunak boosts grants to tide UK businesses through lockdown

Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...

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Denmark’s housing market at its tightest since pre-2008 crisis

Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit estimates, citing new figures compiled by the website boligsiden.dk. The ...

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Tesla poised for expansion after missing 2020 target

Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...

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German joblessness falls in December

Bloomberg German joblessness unexpectedly declined in December, though companies were heavily dependent on government subsidies to keep workers employed through the latest lockdowns. A decrease of 37,000 left the total number of unemployed people at 2.776 million and the rate unchanged at 6.1%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a gain of 10,000. At ...

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UK freight shipping costs quadruple post Brexit, Covid-19

Bloomberg The cost of moving freight from France to the UK surged to more than four times the usual level last week after Brexit and a virulent new strain of the coronavirus complicated supply chains. The spot rate for last-minute shipments across the English Channel reached more than 6 euros per kilometer ($4.56 a mile) for a full truckload in ...

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UAE committed to support joint Arab action to promote tourism

Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has highlighted the UAE’s commitment, upon the directives of its leadership, to supporting joint action to promote tourism in Arab countries, as well as its keenness to strengthen their cooperation in establishing a sustainable roadmap for advancing Arab tourism. He made this statement while ...

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Idex, Navdex sign deal with Edge group as strategic partner

Abu Dhabi / WAM The International Defence Exhibition and Conference (Idex 2021) and the Naval Defence Exhibition (Navdex 2021), held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from February 21-25 at the Abu Dhabi National Exhibition Centre, signed an agreement with EDGE Group, the Abu Dhabi based advanced technology group for defence and beyond, ...

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UAE’s hotel reservation rates witness significant growth

Abu Dhabi / WAM The UAE’s hotel reservation rates witnessed significant recent growth, benefitting from the rise in travel to the UAE during Christmas and New Year, and a boom in domestic tourism. The hotel sector continued its recovery after the extraordinary conditions caused by the coronavirus (Covid-19) pandemic, most notably with the continued operations of national carriers and the ...

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