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ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced an array of celebrations taking place in the UAE capital on New Year’s Eve, including fireworks shows in some of Abu Dhabi’s most renown neighbourhoods – the Corniche, Yas Island, Al Maryah Island and Al Wathba on Thursday, December 31. In line with ...

Bloomberg Boris Johnson urged members of Parliament to approve his Brexit trade agreement and complete Britain’s four-year divorce from the European Union. Parliament was recalled from its Christmas break for an emergency session on Wednesday to rush the deal into law in a single day, 24 hours before the UK leaves the EU single market and customs union. Failure to ...

Bloomberg Italy is betting that a tax scheme to encourage home renovations will green its economy and create jobs. On the face of it, this low-tech approach is at odds with the European Union’s aim of promoting climate and innovation in exchange for billions of euros of aid money. But the government is convinced that paying citizens to make their ...

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 ...

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists ...

Bloomberg Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing. While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference ...

Bloomberg European freight forwarders are rejecting contracts to take loads into the UK due to fears the chaos at Dover could be repeated post-Brexit. Transporeon, a German software company that monitors real-time data on freight traffic and rates for more than 100,000 logistics service providers, said a “dramatic number” of freight forwarders had declined to take cargo into the UK ...

DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, partnered with ECGC Limited (ECGC), the export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India. In a Memorandum of Understanding (MoU) signed by Massimo Falcioni, CEO of ECI and M Senthilnathan, Chairman-cum-Managing Director of ECGC, the two ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has approved the general budget of the Ajman Government for 2021, which is valued at AED2.066 billion and without a deficit. The budget aims to achieve the government’s strategic priorities, provide the best services, and enhance the emirate’s financial sustainability. HH Sheikh ...

SHARJAH / WAM Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC), on Tuesday, chaired a meeting of SEC at the Sharjah Ruler’s office, in the presence of Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC. The council discussed ...