News

  Bloomberg Swedish housing prices will continue falling until the middle of next year as the share of household income that goes towards mortgage interest payments is set to double, economists at the Nordic region’s largest bank said in a new forecast. Nordea Bank Abp now expects prices to drop 15% from a peak earlier this year, which is larger ...

  Bloomberg Canada’s current account surplus came in much less than expected, as rising oil profits to foreign investors offset a surge in energy revenue. The country ran a current account surplus of C$2.7 billion ($2.1 billion) in the second quarter, Statistics Canada reported, well short of the C$6.8 billion projected by economists. The agency also cut its estimate for ...

  Abu Dhabi / WAM Amazon Web Services (AWS), an Amazon.com company, on Tuesday announced the launch of its second Region in the Middle East, the AWS Middle East (UAE) region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs annually at external vendors, with ...

  MOGADISHU / WAM Following the arrival of a UAE aid ship at the port of Mogadishu, Emirati charity organisations, in collaboration with the Somali Disaster Management Agency and other authorities responsible for distributing relief aid, have begun distributing aid to residents in areas affected by drought in parts of Mahas and Mataban in Hiran Governorate, Hirshabelle State. Mohammed Ahmed ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the next two years, the new cohort will participate in Hub71’s Incentive Programme, benefiting from equity-free incentives worth up to AED500,000 and access ...

  Abu Dhabi / WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) said the UAE was among the world’s leading countries in various digital life indexes, due to the significant advancement of its information and communication technology sector. In its report, titled, “Digital Lifestyle in the UAE,” the TDRA noted that in line with the figures included in relevant ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by “Brand Finance” for the strongest and most valuable brands in the world in 2022. The report underlined the remarkable success of ...

  Dubai / WAM The Museum of the Future is connecting with people from around the world through its online store, which offers memorabilia inspired by the museum’s design and exhibits, and also gives a glimpse into its rich experiences. The new store, which comprises six unique collections, represents a window for visitors to recall their experience in the form ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has delivered an inspiring audio message to students as the new academic year begins in UAE schools. In his speech, which was broadcast in classrooms across the country this morning, His Highness welcomed students and teachers to the start of what he hoped would be a ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the next two years, the new cohort will participate in Hub71’s Incentive Programme, benefiting from equity-free incentives worth up to AED500,000 and access ...