News

Sharjah / Gulf Time One of the most trusted and lovable brands of Ajman and the UAE, Hashim Hypermarket, an entity of Hashim Flour Mill, Ajman, has extended their wings with the opening of their first flagship hypermarket in Sharjah at Al Saja’a, near Rahmaniya recently. Known for serving the Emirates for around 43 years, Hashim Hypermarket symbolises authenticity and ...

Karachi / WAM Hamad Obaid Salem Al Zaabi, UAE ambassador to Pakistan, accompanied by Bakheet Ateeq Al Rumaithi, UAE Consul-General in Karachi, attended an event commemorating the arrival of ships carrying 200 containers of food and medical supplies to support 500,000 Pakistani families affected by the floods that hit many parts of the country. The event was held in the ...

Euro-area inflation surged to a fresh all-time high, while the bloc’s economy lost momentum — reinforcing fears that a recession is now all-but unavoidable. Consumer prices jumped by 10.7% from a year ago in October, far exceeding the 10.3% median estimate in a Bloomberg survey. Third-quarter output, meanwhile, slowed to 0.2% from the previous three months — more than analysts ...

Uber Technologies Inc reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership, assuaging investor concerns that rising inflation would damp consumer spending. The shares jumped about 6% in early trading. Third-quarter sales jumped 72% to $8.34 billion, the San Francisco-based company said on Tuesday in a statement. That exceeded the $8.1 billion ...

UK house prices fall the most since the start of the pandemic in October as political and market turmoil sent shock waves through the property market. The average value of a home dropped 0.9% to £268,282 ($309,500), the Nationwide Building Society (NBS) said on Tuesday. It was the largest decline since June 2020 and much sharper than the 0.3% reduction ...

Dubai / WAM  The inaugural launch of the Mohammed Bin Rashid Space Centre’s (MBRSC’s) Rashid Rover is now scheduled no earlier than November 22. This updated target launch date is provided by the launch partners. Built by innovative Emirati minds, the rover will be launched on SpaceX Falcon 9 rocket from the Space Launch Complex 40 at Cape Canaveral Space ...

Abu Dhabi / WAM   Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (Adnoc) on Monday called for maximum energy with minimum emissions to ensure global energy security in his opening address at the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). “A few ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) and Gail (India) Limited signed a memorandum of understanding, on Monday, to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short and long term LNG sales agreements. The agreement also includes potential optimisation of LNG trading activities, the review of joint equity investments in renewables and ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) announced on Monday, it has set a new Upstream Methane Intensity target of 0.15 percent by 2025. The new target is the lowest in the Middle East, reinforcing Adnoc’s status as a leader in the responsible production of lower carbon energy. Adnoc’s 0.15 percent methane intensity target means Adnoc will ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of Kyrgyzstan, Sadyr Japarov, attended the exchange of several memoranda of understanding (MoUs) and agreements between the UAE and Kyrgyzstan to enhance cooperation in various fields. The MoUs and agreements exchanged between the two sides at Al Shati Palace included the following: An MoU ...