News

  Bloomberg The US is imposing export controls on technologies that support the production of advanced semiconductors and turbines, protecting against their “nefarious” military and commercial use. The innovations “are essential to the national security” of the US and meet the criteria for the protection, the Department of Commerce’s Bureau of Industry and Security said in a statement. The agency ...

  Bloomberg Irish house prices rise to the highest since 2007 in June, matching the peak seen before the country suffered one of the worst property crashes in Western Europe. It’s taken over 15 years for prices to recover from the property crash that almost bankrupted the country, forcing it to seek an international bailout in November 2010. The national ...

  Bloomberg Argentina’s government has asked the country’s crop export and processing companies to make sales equivalent to $1 billion over the next week as it seeks to bolster reserves. The government discussed with Ciara-Cec, a group that represents more than 40% of Argentina’s exports, a mechanism implemented this week that aims to encourage the sale of crops and bring ...

Bloomberg Hungary’s outlook was revised to negative from stable by Standard & Poor’s Global Ratings as the nation tackles the fallout from war in neighbouring Ukraine and government wrangles with the European Union over billions of euros in funding. The country’s credit grade was maintained at BBB, the second-lowest investment grade, S&P said in a statement. That matches the level ...

  Dubai / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Electricity and Water Authority, and the World Green Economy Organisation, will organise the 8th World Green Economy Summit (WGES) on September 28-29, in conjunction with the Water, Energy, Technology and Environment ...

  DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco or the company) on Sunday announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a dividend of $18.8 billion to be paid in the third quarter. The results set a new quarterly earnings record for the company since ...

  Abu Dhabi / WAM The UAE expressed its sincere condolences and solidarity with the Arab Republic of Egypt over the victims of the church fire in Giza Governorate, which resulted in dozens of deaths and injuries. The Ministry of Foreign Affairs and International Cooperation expressed its sincere condolences and sympathy to the government and people of Egypt. , as ...

  SHARJAH / WAM The Sharjah Entrepreneurship Center (Sheraa) organised a community roundtable for Emirati entrepreneurs across diverse sectors to identify opportunities and gaps in venture building and gain a better understanding of the innovative measures required to create sustainable value in globally competitive markets. At the community roundtable, Sheraa engaged directly with the entrepreneurial community to gain better understanding ...

  Sharjah / WAM Under the patronage of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 11th annual edition of the International Government Communication Forum (IGCF) will take place on September 28-29, at Expo Centre Sharjah. Vibrant discussions centred around this year’s theme “Challenges and solutions”, will be led by senior public ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, affirmed that Dubai would continue to enhance its healthcare infrastructure to meet the growing needs of the population, in line with highest global standards in medical care and specialised treatment. “We are committed to realising the ...