News

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 ...

  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 ...