News

  Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, has achieved a new milestone in the development of the National Rail Network, with the arrival of first batches of the company’s new and advanced rolling stock fleet. The locomotives and wagons, which reached the UAE via Zayed and Al Musaffah Ports, will ...

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and group CEO of the Abu Dhabi National Oil Company (Adnoc), and the UAE’s special envoy for climate change, has said that record growth in renewables, representing over 80% of all new power-generating capacity last year, is the clearest sign ...

  Dubai / WAM More than 13.6 million people have benefitted from UAE Water Foundation (Suqia) projects in 37 countries by the end of 2021, Saeed Mohammed Al Tayer, Chairman of the Board of Trustees at Suqia UAE, stated ahead of the World Humanitarian Day 2022. Al Tayer stated, “At the UAE Water Foundation (Suqia), under the umbrella of the ...

  AJMAN / WAM Salem Al-Suwaidi, Director-General of the Ajman Chamber of Commerce and Industry (ACCI), received Luis Alfonso de Alba Góngora, Ambassador of Mexico to the UAE, to discuss economic cooperation and explore trade and investment opportunities between the two countries. Attended by Mohamed Ali Al Janahi, Executive Director of the Trade Development and International Relations at the ACCI, ...

  DUBAI / WAM Emirates Post Group (EPG) has signed a sponsorship agreement with FinTech Hive – the first and largest financial technology hub in the region and part of the Dubai International Financial Centre (DIFC) – to promote the first sprint this year of its FinTech accelerator programme, ‘HIVE 22.’ The agreement, signed by Abdulla Mohammed Alashram, Group CEO ...

  Bloomberg The UK temporarily pauses overseas development aid that is not deemed critical because of concerns about rising pressure on government budgets, people familiar with the matter said. The Foreign Office informed some staff a freeze is necessary because crises including Russia’s war in Ukraine have led to additional expenditure that means the government is in danger of overspending, ...

  Bloomberg New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in the inventory. Residential starts dropped 9.6% last month to a 1.45 million annualised rate from a revised 1.6 million pace in June, according to government data. The ...

  Bloomberg Consumer price inflation cooled as gasoline prices fell by the most since the start of the pandemic, though underlying price pressures will likely push the Bank of Canada to continue delivering aggressive rate hikes. The consumer price index rose 7.6% in July from a year earlier, Statistics Canada reported in Ottawa. The inflation gauge increased 0.1% from a ...

  Bloomberg Apple Inc laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant’s hiring and spending, according to people with knowledge of the matter. About 100 contract workers were let go in a rare move for the world’s most valuable company, said the people, who asked not to ...

  Bloomberg Denmark’s prime minister, who faces an election in coming months, is considering a cap on rising rents. Rents, which are tied to the Danish consumer price index, are rising so fast that students and other people can’t afford to pay them, Mette Frederiksen told broadcaster TV2. A cap would be temporary and could limit rental increases to 4% ...