News

  SHARJAH / WAM In its seventh edition since it opened last month, the Dates Festival in the emirate of Sharjah has, until mid-August 2022, recorded sales volumes of more than 38,250 kilogrammes, or 38 tonnes. The festival has witnessed a great turnout from UAE citizens, residents, and visitors, who have come for the different types of dates available. It ...

  Abu Dhabi / WAM In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, and as part of a previous decision to increase diplomatic representation to the rank of ambassador, and the recent phone call in this regard, held in July 26, between HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

  Abu Dhabi / WAM The Zayed Higher Organisation for People of Determination (ZHO) and the Family Care Authority (FCA) in Abu Dhabi have signed a memorandum of understanding (MoU) to enhance their mutual cooperation in delivery of integrated social services for people of determination and their families. Covering various forms of social case management services, prevention, treatment, rehabilitation, training, ...

Bloomberg Drought and extremely high temperatures made worse by climate change across Europe have led to record levels of fire activity in the continent, with blazes burning through an area roughly equivalent to one-fifth of Belgium. Wildfires in the European Union have consumed 660,249 hectares (1,631,511 acres) of land for the year through August 13, according to data from the ...

  Bloomberg UK government borrowing came in higher than forecast in the first four months of the fiscal year as soaring inflation drove up debt costs. A larger-than-forecast £4.9 billion budget deficit in July took the total for 2022-23 so far to £55 billion pounds — £3 billion more than officials forecast in March. Debt-servicing costs surged by 81% from ...

  Bloomberg Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy. Purchasing managers’ indexes due on Tuesday will likely show private-sector output shrinking for a second month, adding to signs that a recession in the 19-nation euro zone is now more likely ...

  Bloomberg Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms. Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said. ...

  Bloomberg Norway’s economy grew in line with analysts’ forecasts in the second quarter, boosted by a post-pandemic rebound in service industries that outweighed the dent from surging prices. Mainland GDP, which adjusts for the oil-rich nation’s offshore industry, expanded 0.7% from the previous three months, the statistics office said. This was in line with economists’ projections in a Bloomberg ...

  Bloomberg The water level at a key German chokepoint on the Rhine River jumped, easing a crisis that’s hampered energy and industrial production this month. The marker at Kaub — a narrow and shallow waypoint west of Frankfurt — jumped to 47 centimeters from 35 centimeters a day earlier, according to Federal Waterways and Shipping Authority. At that depth ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Jabr Mohammed Ghanem Al Suwaidi as Minister of State. Federal Decree No. 97 of 2022 shall be effective from the date of issuance and shall be published in the Official Gazette.