News

  Sharjah / WAM The emirate of Sharjah completed real estate transactions totalling AED 2 billion during August, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD). The total number of transactions executed by the (SRERD) during the past month amounted to 2,409, with 747 sales transactions representing 31% of total transactions. Mortgage transactions amounted to ...

  GENEVA / WAM The International Air Transport Association (IATA) announced passenger data for July showing that the recovery in air travel continues to be strong. Total traffic in July (measured in revenue passenger kilometers or RPKs) was up 58.8 percent compared to July 2021. Globally, traffic is now at 74.6 percent of pre-crisis levels. Domestic traffic for July 2022 ...

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), affirmed that the entirety of UAE’s achievements in women empowerment in all fields, especially in peace and security since the issuance of the United Nations ...

  Dubai / Gulf Time As part of its continued drive to ensure customers ‘fly better’, Emirates has selected the new Thales’ Avant Up system for its incoming fleet of Airbus A350 aircraft, scheduled for delivery in 2024. The airline’s investment of over $350 million will see its 50-strong fleet of A350s equipped with next-generation inflight entertainment solutions that offer ...

  ABU DHABI / WAM AD Ports group’s Safeen Feeders will collaborate with shipping leader CMA CGM group, a global player in sea, land, air and logistics solutions, in launching a new Southeast Asia service linking Singapore, Colombo and Chennai. The company’s ‘Safeen Pioneer,’ which has a container capacity of 2,034 TEUs, will join CMA CGM group’s ‘Songa Tiger’ on ...

  Sharjah / Gulf Time To boost the profile of Emirati authors regionally and internationally and strengthen their outreach in new markets, the Emirates Publishers Association (EPA) is showcasing 2,747 titles by 33 publishers through its ‘Manassah’ platform at the ongoing 21st Amman International Book Fair in Jordan which runs until September 10. Under EPA’s Manassah platform, members with less ...

  Abu Dhabi / WAM G42, the leading UAE-based AI and cloud computing technology company, launched its new video podcast series, G42onAIr, a new platform to deliver industry expertise from world-class leaders and technologists working in the field of AI and digital transformation to listeners around the world. Produced by G42, each episode will transport listeners into insightful and inspiring ...

Dubai / WAM Emirates NBD Securities has become the first securities brokerage to launch an end-to-end digital onboarding process. The newly launched platform enables more than 1 million Emirates NBD customers to start trading instantly amid increased demand for stocks and a robust pipeline of initial public offerings on the Dubai Financial Market (DFM). The end-to-end digital process offered by ...

  Bloomberg The Biden administration published its strategy for subsidising US output of semiconductors, with the first phase of funding potentially being rolled out next spring, Commerce Secretary Gina Raimondo said. Smaller, simpler projects involving expansion of existing facilities will be the first to receive funds, followed by more complex projects for so-called leading-edge chips, which the US currently doesn’t ...

  Bloomberg UK house prices rebounded in August, led by the strongest growth in London in six years, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices rise 0.4% last month after a 0.1% dip the month before, bringing the average cost of a home to a new record of £294,260. The increase defied ...