News

  Dubai / WAM Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021. On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the ...

  Cairo / WAM Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), has met with Ahmed Khalil, Chairman of the Board of Trustees of the Egyptian Money Laundering and Terrorist Financing Unit (Egyptian AML/CTF), as well as Judge Hatem Aly, Regional Representative of the United National Office on Drugs and Crime ...

  ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib), in collaboration with DIFC FinTech Hive hosted a “speed meeting” session for the sixth consecutive year. The session aimed at meeting shortlisted participants of the first sprint of the FinTech Accelerator programme 2022, to evaluate how their solutions can integrate within Adib operations. This year, eight FinTech startups from various ...

  Sharjah / WAM The launch of the Emirates Reprographic Rights Management Association (ERRA) – a first-of-its-kind association in the region – marks a watershed moment in the UAE publishing industry as it strengthens the foundations of a healthy print and publishing market where both the creation and dissemination of content are encouraged. With the launch of ERRA, the UAE ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) Innovation Centre has launched the second batch of the Cleantech Youth Programme. The programme aims to attract talented young energy leaders from different sectors and expand their skills and knowledge in clean and renewable energy and entrepreneurship. The programme comprises a wide range of training workshops, specialist education sessions, and ...

Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

  Bloomberg Thomson Reuters Corp. journalists in the US launched a daylong strike on Thursday, first walkout in decades among the media company’s long-unionised staff. Employees began a 24-hour strike after claiming the company didn’t fairly negotiate pay increases, according to the Communications Workers of America’s NewsGuild, which represents US-based Reuters reporters, photographers and video journalists. The group said about ...

Bloomberg Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers. Sown in the spring, corn is under stress due to a lack of rain as the region struggles with rolling heat waves. Three-quarters of Romania, Europe’s biggest producer, is affected by drought ...

  Bloomberg German factory orders sank for a fifth month in June as rampant inflation and global supply disruptions continued to weigh on the outlook in Europe’s largest economy. Demand slipped 0.4% from May, driven by a decline in orders for investment goods, particularly from abroad. That brought annual number down 9%. Economists had predicted a drop of 0.9% on ...

  Bloomberg Toronto benchmark home prices fall for a fourth-straight month, a record-breaking streak of declines that some economists warn could become an historic downturn in Canada’s real estate market. The home-price index in Canada’s largest city declined 3.9% in July from the month earlier, bringing the total drop since April to 13.3%, according to data released on Thursday by ...