Abu Dhabi / WAM Khalifa Fund for Enterprise Development has signed a memorandum of understanding (MoU) with the Ministry of Small and Medium Enterprise Development, Zambia. As per the MoU, Khalifa Fund will provide $15 million (equivalent to AED55 million) to the African nation to support their SME sector. The MoU was signed in the presence of Sheikh Shakhboot bin ...
Read More »News
Abu Dhabi hotels welcome 4.1 million guests in 2022
Abu Dhabi / WAM A total of 4.1 million hotel visitors stayed in Abu Dhabi hotels during 2022, 24 percent up from 2021, data by the Department of Culture and Tourism – Abu Dhabi, revealed. Hotel revenues climbed by 23 percent from the previous year to AED5.4 billion in 2022. The statistics showed that Abu Dhabi hotels recorded occupancy ...
Read More »WAM signs five pacts with media entities in Costa Rica
Abu Dhabi / WAM A delegation from the Emirates News Agency (WAM) headed by Mohammed Jalal Al Rayssi, Director-General of WAM, has visited a number of media entities in Costa Rica to promote cooperation in news exchange. The visit aligns with the UAE’s hosting of the United Nations Climate Change Conference of the Parties (COP28) in Expo City Dubai ...
Read More »GPSSA announces pension disbursement dates
Dubai / WAM The General Pension and Social Security Authority (GPSSA) announced the pension disbursement dates for this year. The authority emphasised the fact that pensions will be disbursed on the 27th day of each month, with exceptions to May and June, whose pensions will be disbursed on August 26, where pensions will be disbursed on the 25th of that ...
Read More »EHS to showcase 19 innovative projects at Arab Health
Dubai / WAM Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from January 30 to February 2 at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme “Building the Future of Health Servicesâ€. The projects will be grouped into three main ...
Read More »UK factory price inflation eases to slowest pace in almost a year
Bloomberg UK factories’ fuel and raw material costs are rising at their slowest pace in almost a year, further evidence that pipeline inflationary pressures are easing. Input prices rose 16.5% in December from a year ago, down from a peak of 24.6% in June, Office for National Statistics figures published Wednesday show. That was the slowest pace since February ...
Read More »US sues Google to break up ad unit in heated antitrust fight
Bloomberg The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. “The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use ...
Read More »Murdoch ditches Fox, News Corp merger after investor objections
Bloomberg Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal. Fox said Tuesday that it had received a letter from Murdoch saying that he and his son Lachlan, the chief executive officer of Fox, had determined a combination was ...
Read More »Italy braces for disruption as gas stations strike
Bloomberg Italy is bracing for two days of disruptions after gas station operators across the country started a strike late Tuesday to protest against a new policy introduced by Prime Minister Giorgia Meloni’s government. A last-ditch attempt by the government to convince unions to call off the strike failed. But some of the groups organizing the protest decided to ...
Read More »Microsoft erases gains after saying Azure growth to decelerate
Bloomberg Microsoft Corp. shares declined after the company warned that revenue growth in its cloud-computing business will decelerate in the coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Shares fell as much as 2.7% to $235.51 in pre-market trading. Chief Financial Officer Amy Hood said ...
Read More »