News

  Dubai / WAM Underpinning its status as a key pillar supporting Dubai’s economy, DP World’s flagship Jebel Ali Free Zone (Jafza) generated over AED454.7 billion in trade in 2021, up 19 percent year-on-year. The rise in trade compares to the AED382.8 billion facilitated by Jafza in 2020. Complementing this growth was an 18.6% increase in the number of new ...

  Dubai / WAM The Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative between the United Nations Industrial Development Organisation (Unido) and the UAE Ministry of Industry and Advanced Technology (MoIAT), will host its inaugural edition of the GMIS America in Pittsburgh, Pennsylvania from September 28-30. The step aims to build bridges between manufacturers, governments, multilateral organisations, technologists, the ...

  Dubai / WAM Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. The airline also ramped up operations to serve customer demand during this busy period, reinstating daily services to London Stansted, and increasing flights to 33 cities on popular routes across Europe, Asia, and the Middle ...

Sharjah / WAM Beeah Recycling, a waste processing and material recovery business under Beeah group, has added a new Solid Recovered Fuel (SRF) facility to its state-of-the-art, integrated waste management complex in Al Sajaa, Sharjah. The SRF facility will transform commercial residue waste into a high-quality alternative green fuel in cement factories, where the fuel will be injected into the ...

  Dubai / WAM Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, dedicated to transforming lives through medical innovation, announced that it has received the first donation in cryptocurrency at an equivalent value of $16 million to support Hamdan Bin Rashid Cancer Charity Hospital. The donation, the first of its kind in the UAE, ...

  Dubai / WAM Dubai’s Department of Economy and Tourism (DET) has announced that the city will host the inaugural Dubai Esports Festival (DEF 2022) from November 9-20 at Dubai Exhibition Centre at Expo City Dubai. DEF 2022, which will be hosted in partnership with VSPN, a global leader in esports total solutions, will be the first international leisure event ...

  Dubai / WAM DXB LIVE, the integrated event management and organisation services arm of the Dubai World Trade Center (DWTC), announced substantial growth in business during the first half of this year achieving an increase of 10 percent from 2019 prior to the global pandemic. Activities and services relating to events organised at the DWTC resulted in record high ...

  Dubai / WAM Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. The airline also ramped up operations to serve customer demand during this busy period, reinstating daily services to London Stansted, and increasing flights to 33 cities on popular routes across Europe, Asia, and the Middle ...

Bloomberg German inflation accelerated to the most since the euro was introduced on soaring energy prices, bolstering calls for a jumbo interest-rate increase when the European Central Bank meets next week. Consumer prices in Europe’s biggest economy, calculated under European Union harmonised standards, jumped 8.8% from a year ago in August, matching the median estimate in a Bloomberg survey of ...

  Bloomberg US job openings rise unexpectedly in July after a sizable upward revision to the previous month, underscoring persistent tightness in the labour market as employers compete for a limited supply of workers. The number of available positions edged up to 11.2 million in the month — topping all estimates — from a revised 11 million in June, the ...