News

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has been ranked in third place as one of the top performing governmental companies in the emirate of Abu Dhabi in achieving compliance with NCEMA 7000:2021 national standard (Business Continuity Management). Yousef Altheeb Al Ketbi, Group Chief Operations Officer of Seha, said, “Seha has truly proven itself to be ...

  Ras Al Khaimah / WAM Held under the patronage and presence of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, the inaugural RAK Energy Summit will feature a host of top-level speakers from the energy sector in the UAE and internationally for discussions on the challenges and opportunities the world faces ...

  Dubai / WAM Nakheel on Friday announced the launch of a new selection of residences at Palm Beach Towers 3. Located on Palm Jumeirah and featuring over 300 units, the new residential tower features residences with 360-degree views, with a variety of nearby dining, leisure and recreational facilities. The Palm Beach Towers 3 includes a selection of 1, 2 ...

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

  Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...

  Bloomberg Porsche AG gained during its trading debut after parent Volkswagen AG set the final listing price for the sports-car company at the upper limit in defiance of market upheaval. The maker of the 911 rises as much as 2.9% to €84.88 in Frankfurt, against a decline of as much as 2% in Germany’s leading DAX index. The offer ...

  Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...

  Abu Dhabi / WAM Global Mission, an Abu Dhabi based non-profit, along with its global partners, has established a $US17 billion fund to help achieve the United Nations’ 17 Sustainable Development Goals (SDGS) across the globe, a senior executive told the Emirates News Agency (WAM). “This ‘Global Fund for Sustainable Development’ is the most ambitious SDG-fund worldwide. Based in ...

  Dubai / WAM Dubai Multi Commodities Centre (DMCC) has successfully concluded Made For Trade Live events in Miami and New York as it seeks to attract more companies from the US to the UAE. DMCC sees significant opportunities for growth in the UAE–US trade corridor, which was worth $23 billion in 2021, not least because of the recently signed ...