News

  Abu Dhabi / WAM The net investments of non-Arab foreigners in local stocks rise to over AED15.54 billion since the start of 2022, in light of the UAE’s investment attractiveness and the strong performance of listed companies, supported by the strength and robustness of the country’s economic foundations. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors ...

  Dubai / WAM The Department of Planning and Development — Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licencing services to local and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and until June 30. These reductions were from identifying 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load. The service sends instant notifications to ...

  Dubai / WAM Emirates has announced that its flagship A380 service will be introduced for the first time to Bengaluru from October 30 to serve its customers on the busy route. Emirates became the first airline to operate scheduled passenger services utilising the A380, the world’s largest commercial aircraft in service, at Bengaluru’s Kempegowda International Airport. The aircraft upgrade ...

  SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has announced the launch of its direct flights from Sharjah to the city of Milan in Italy. The new direct flights will connect Sharjah International Airport with Milan Bergamo Airport with four weekly flights starting from December 7. Adel Al Ali, ...

  Abu Dhabi / Gulf Time Khalifa University of Science and Technology, a consistently top-ranked research-intensive university based in Abu Dhabi, has developed a new method to manufacture customised glasses using 3D printing that could help people with colour blindness. Colour Vision Deficiency (CVD) is an inherited ocular disorder that manifests itself in limiting the retina cones’ ability to transmit ...

  Bloomberg A gauge of New York state manufacturing activity plunged by the second-most in data back to 2001, with sharp declines in orders and shipments that indicate an abrupt downturn in demand. The Federal Reserve Bank of New York’s August general business conditions index slumped more than 42 points to minus 31.3, with the drop just behind that seen ...

  Bloomberg Tens of millions of pounds worth of fresh produce is being left to rot in UK fields because farmers can’t attract enough workers to pick crops, just as the cost-of-living crisis worsens. About 22 million pounds ($27 million) of fruit and vegetables were wasted in the first half of the year due to labour shortages, according to a ...

  Bloomberg Denmark’s economy grew faster than expected in the second quarter as a strong labour market helped the Nordic country avoid a recession. Gross domestic product probably expanded 0.7% from the first three months of the year, according to an indicator published by Statistics Denmark. GDP contracted 0.5% in the first quarter of 2022. The data paints a better ...

  Bloomberg Trade between Ireland and both Northern Ireland and the rest of the UK continued to increase in the first half of 2022, despite an ongoing row over checks on goods as a result of the UK’s Brexit departure from the EU. Imports to Ireland from Great Britain from January to June grew 54% from the same period a ...