News

Hurricane Sandy swept through New York City in October 2012 leading to 43 deaths and an estimated $19 billion in damages. The fallout devastated city residents as their homes, along with the city’s public transit system, were submerged in water. A decade later, the city is still rebuilding after the superstorm as it confronts the threat of extreme weather. New ...

Pfizer Inc rises the most in seven months after revealing plans to charge between $110 and $130 per single-dose vial of its Covid-19 vaccine, showing how the company intends to shift its strategy when bringing the blockbuster product to the commercial market. The US government will stop purchasing Covid-19 vaccines and distributing the shots to Americans for free as soon ...

Britain’s financial watchdog has been consulting private equity firms about the effects on the companies and their investors of rising rates and the bond market tumult triggered by the government’s failed mini-budget, the Financial Times (FT) reported on Sunday. Officials at the Financial Conduct Authority (FCA) contacted several buyout groups to try to find out how badly the turmoil had ...

The US budget deficit falls by a record in the 2022 financial year, a second straight drop that reflects the drying up of Covid-related aid spending alongside a surge in revenues propelled by the wage and employment gains. The deficit for the fiscal year through September narrowed to $1.38 trillion, from a revised $2.78 trillion the previous year, according to ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) continued its strong growth trajectory during the first three quarters of 2022, recording a 16.9 percent surge in its benchmark index, the FTSE ADX 15 (FADX 15). The growth was driven by a rising number of institutional and individual investors on the exchange, a trading uptick on ADX’s fast-growing ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation summoned the ambassador of the Kingdom of the Netherlands to the UAE and informed him of the UAE’s strong protest and denunciation of the interference of his country’s ambassador to the Hashemite Kingdom of Jordan in Jordan’s internal affairs. The ministry affirmed the UAE’s solidarity with the ...

Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, and Ayman Al-Mufleh, Jordanian Minister of Social Development, signed a memorandum of understanding (MoU) on cooperation in social development issues between the governments of the UAE and Jordan covering seven areas. The areas include rehabilitation and empowerment of persons with disabilities (people of determination), family development, productive families, protection ...

  Abu Dhabi / WAM To mark the arrival of the first-ever hydrogen-based ammonia test cargo from the UAE to Germany, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change, along with Dr. Robert Habeck, German Vice Chancellor and Federal Minister for Economy and Climate Action, on Friday attend a ...

  Abu Dhabi / WAM Safeen group’s offshore division, part of AD Ports group, has announced the acquisition of a support vessel to enhance the group’s subsea service capabilities. Built in 2014, the vessel will operate under the name ‘Safeen Surveyor’ and will undergo an extensive conversion prior to commencing operations, including installation of an integrated dive system to support ...

  Dubai / WAM A total of 2,703 real estate transactions worth AED8 billion were conducted during the week ending October 21, according to figures released by the Dubai Land Department. 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion. The top transactions were a land Fourth sold for AED85 million in ...