News

  Abu Dhabi / Gulf Time Her Excellency Moza Saeed bin Ahmed AlOtaiba, Founder and President of “AlOtaiba Inmaa Group”, said that the Emirati Women’s Day is a celebration of their success in various fields and sectors. She praised the support of the wise leadership to empower Emirati women and motivate them to achieve more and serve the country and ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 217,582 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Dubai / WAM Emirates Transport (ET), the largest provider of school transport services in the UAE, announced its full readiness to transport nearly 241,000 male and female school and university students for the academic year 2022-2023 using 7,217 busses equipped with high safety and security systems. As part of its intensive preparations to welcome the new school year, ET ...

  Bloomberg It’s starting to look like nothing can stop the British pound from sinking to new lows. With talk about inflation surpassing 18% next year and families across the country likely to be pushed into energy poverty this winter, the UK’s economic woes are getting worse by the day. The consensus among traders is that the Bank of England ...

  Bloomberg French Prime Minister Elisabeth Borne is leaving open the possibility of a new tax on corporate “super profits” after lawmakers rejected the move last month. In an interview published in Le Parisien newspaper, Borne said she’d prefer alternatives to a windfall levy, such as companies lowering prices for consumers and giving bonuses to employees to bolster their spending ...

  Bloomberg Confidence in Germany’s business outlook fell in August as soaring inflation and fears about a possible recession in Europe’s largest economy has intensified. The Ifo Institute’s gauge of business expectations for the next six months inched down to 80.3 from 80.4 in July, though economists had predicted a steeper decline. Current conditions were also assessed more negatively. Still, ...

  Bloomberg Scotland’s public spending deficit shrank after revenue from the North Sea oil industry jumped to the highest in eight years and helped offset the fallout from the pandemic. The shortfall dropped to 23.7 billion pounds ($28 billion), or 12.3% of gross domestic product, in the 2021-22 financial year, according to the Government Expenditure and Revenue Scotland report. That ...

  Bloomberg Tesla Inc will start charging $15,000 for the driver-assistance system it calls Full Self-Driving, raising the price of the controversial product for the second time this year. The hike for customers in North America will take effect from September 5, Chief Executive Officer Elon Musk tweeted. The current $12,000 price will be honoured for orders made before that ...

  Bloomberg Oil struggled to find direction as traders digested comments made by Federal Reserve Chair Jerome Powell suggesting interest rates will rise, which carries the potential of slowing demand for crude. West Texas Intermediate fluctuated near $92 a barrel. The Federal Reserve Chair signaled the US central bank is likely to keep raising interest rates and leave them elevated ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Princess Abeer bint Abdullah bin Abdulaziz bin Saud bin Jalawi Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...