News

  Abu Dhabi / WAM The United Arab Emirates (UAE) on Tuesday sent a plane carrying 50 tonnes of essential food items to the Republic of Zimbabwe to meet the needs of thousands of families and vulnerable groups such as women, children, and the elderly. Dr Jassim Muhammad Al Qasimi, UAE ambassador to Zimbabwe, said, “Sending food items to the Republic ...

  Sharjah / WAM More than 61,000 licenses were issued and renewed during 2021 in Sharjah, with a growth rate of 8% compared to 2020, the Sharjah Economic Development Department (SEDD) said in its annual report. This comes within the wise vision of HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to meet ...

  Dubai / WAM Dubai has consolidated its position as a leading destination for international business events in the first half of 2022, securing the rights to host major conferences, congresses, incentive travel programmes and other meetings over the forthcoming years. Over the first six months of 2022, Dubai Business Events (DBE), Dubai’s official convention bureau, collaborated with stakeholders across ...

Bloomberg Office availability in central London is at its highest level in more than 15 years, the latest sign of how the pandemic-driven shift to remote working is upending demand for the commercial property. Availability was close to 31 million square feet in August 2022, according to real-estate data and information company CoStar. That’s the equivalent of about 60 Gherkin ...

  Bloomberg The average reservation wage, or the lowest pay level that Americans would be willing to accept for a new job, rose by 5.7% from a year earlier to $72,873 in July, according to the latest labour-market survey by the Federal Reserve Bank of New York, as soaring prices change the calculus for workers. The self-reported reservation wage has ...

  Bloomberg Swedish home construction is falling amid what may be the sharpest drop in house prices since the global financial crisis. In the first six months of this year, the number of housing starts dropped by 11% compared with the year-ago period, data from Statistics Sweden showed. The data comes as Sweden’s broader housing market is showing clear signs ...

  Bloomberg The Argentine government will impose restrictions to discourage imports in the coming days and protect reserves. The government is seeking to avoid losing more dollars after the national statistics agency reported that the country’s trade deficit widened in July to $437 million. Private consultants estimate that the country’s so-called net reserves — its assets on hand, minus the ...

  Bloomberg Euro-area economic activity declined for a second month, signalling that fears of a recession may already be coming to pass as record inflation saps demand and weakness seeps into more and more sectors. While August’s drop was driven by manufacturing, the post-lockdown rebound in services like tourism almost ground to a halt as consumers face steep gains in ...

  Abu Dhabi / WAM The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors. In its latest report on the financial stability of Arab countries, the AMF noted that buying transactions made by foreign investors in the ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE’s non-oil trade achieved a breakthrough during the first half of 2022, as it exceeded AED1 trillion, recording a growth rate of 17 percent over the last half of the year 2021. ...