AL ALAMEIN, Egypt / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has arrived in Al Alamein City on a fraternal visit to the Arab Republic of Egypt. Upon his arrival at Al Alamein International Airport, President His Highness Sheikh Mohamed bin Zayed was received by President of Egypt, Abdel Fattah el-Sisi. While welcoming President HH Sheikh Mohamed ...
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WGES to encourage investment partnerships in green projects
Dubai / WAM The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities provided by the green economy. During the summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, ...
Read More »Sheikh Mohammed issues law affiliating Dubai Media Inc to Dubai Media Council
Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Law No. (6) of 2022 affiliating Dubai Media Incorporated (DMI) to Dubai Media Council and endorsing its objectives, tasks, and organisational structure. DMI was established pursuant to Law No. (8) ...
Read More »Souq Al Jubail Dates Festival registers sales of 38 tonnes
SHARJAH / WAM In its seventh edition since it opened last month, the Dates Festival in the emirate of Sharjah has, until mid-August 2022, recorded sales volumes of more than 38,250 kilogrammes, or 38 tonnes. The festival has witnessed a great turnout from UAE citizens, residents, and visitors, who have come for the different types of dates available. It ...
Read More »UAE ambassador to Iran to resume duties
Abu Dhabi / WAM In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, and as part of a previous decision to increase diplomatic representation to the rank of ambassador, and the recent phone call in this regard, held in July 26, between HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...
Read More »ZHO, FCA sign deal to offer integrated social services
Abu Dhabi / WAM The Zayed Higher Organisation for People of Determination (ZHO) and the Family Care Authority (FCA) in Abu Dhabi have signed a memorandum of understanding (MoU) to enhance their mutual cooperation in delivery of integrated social services for people of determination and their families. Covering various forms of social case management services, prevention, treatment, rehabilitation, training, ...
Read More »Wildfires in Europe burn area equivalent to one-fifth of Belgium
Bloomberg Drought and extremely high temperatures made worse by climate change across Europe have led to record levels of fire activity in the continent, with blazes burning through an area roughly equivalent to one-fifth of Belgium. Wildfires in the European Union have consumed 660,249 hectares (1,631,511 acres) of land for the year through August 13, according to data from the ...
Read More »UK borrows more than forecast as inflation drives up debt costs
Bloomberg UK government borrowing came in higher than forecast in the first four months of the fiscal year as soaring inflation drove up debt costs. A larger-than-forecast £4.9 billion budget deficit in July took the total for 2022-23 so far to £55 billion pounds — £3 billion more than officials forecast in March. Debt-servicing costs surged by 81% from ...
Read More »Europe slips towards recession
Bloomberg Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy. Purchasing managers’ indexes due on Tuesday will likely show private-sector output shrinking for a second month, adding to signs that a recession in the 19-nation euro zone is now more likely ...
Read More »Swiss watch exports rise in July
Bloomberg Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms. Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said. ...
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