News

  Bloomberg Pakistan has halted payments for in-app purchases including online video games bought by local customers using airtime from telecommunications companies, the latest sign of distress caused by the country’s depleted foreign-exchange reserves. Telecom service providers were violating regulations by allowing payments to be made for customers under an arrangement with the government that permitted the phone companies to ...

Bloomberg Apple Inc partner Foxconn is offering bonuses of as much as $1,800 to existing workers at its Zhengzhou facility, hoping to sustain the staff levels it needs to run the world’s largest iPhone factory. Foxconn, also known as Hon Hai Precision Industry Co, will top up wages by as much as 13,000 yuan per month in December and January ...

  Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) has announced statistical data that show expansion of Abu Dhabi’s gross domestic product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the emirate’s robust performance and the ability of the economy to maintain competitiveness and sustain growth ...

  Abu Dhabi / WAM UAE cabinet has announced public holidays calendar for both public and private sectors for the year 2023. The announcement include January 1 as an official holiday on the occasion of the New Year, Ramadan 29 to Shawwal 3 the Eid Al Fitr holiday, Zul Hijjah 9 for the Arafah Day, Zul Hijjah 10-12 to mark ...

  Dubai / WAM Dubai Chambers has unveiled new plans to establish new country-specific business councils operating in Dubai and expand their roles to support ongoing efforts to boost Dubai’s non-oil foreign trade and create new channels of economic cooperation between business communities in the emirate and promising markets around the world. The announcement was made by Abdul Aziz Al ...

  Bloomberg Oil posted a third weekly loss as the European Union (EU) suspended talks over a Russian oil price cap amid disagreements between member states. West Texas Intermediate futures falls 2.1% to settle at $76.28 a barrel after trading in a more than $3 range. European diplomats remain locked in talks over how strict the cap should be, having previously ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) discussed with the Moscow Chamber of Commerce and Industry the cooperation chances for business communities in Sharjah and Moscow, and how to benefit from the strong ties between the UAE and the Russian Federation to discover rewarding opportunities in industries that characterise the economies of both sides, especially ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Dubai Countryside and Rural Areas Development Master Plan, spanning an area of 2,216 square kilometres. The plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al Lisaili, Al Faqaa ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) is making significant progress in its commitment to declare Abu Dhabi free of single-use plastic products, achieving the objectives of the Single-Use Plastic Policy in the emirate. The agency reports a significant reduction in the consumption of single-use plastic bags, with people switching to alternative, more sustainable reusable ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) held a coordination meeting with the Department of Culture and Tourism (DCT) to discuss ways to support and develop the strategic partnership in common areas, as directed by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court and Chairman of the Judicial Department of ...