News

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) and Kawasaki Kisen Kaisha (K Line group), one of the world’s largest shipping groups, on Wednesday signed an agreement to cooperate on research and pilot projects to decarbonise bulk cargo shipping. The cooperation is expected to focus on the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the digital integration of more than 70 projects with government and private organisations. Through this step, Dewa makes it easier to get a wide range of services, including bill payment, information updates, activation of electricity/water (Move-in), housing fees adjustment, refunds, updating trade license and others. Saeed Mohammed Al ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has reported a significant expansion in its operational activities over the past month compared to the same period last year. The overall number of new and renewed members increased by 13 percent to 6,162 in June. This includes 5,448 renewed memberships, an increase of 11 percent. According to ...

  ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi announced that the number of permits for traffic detours issued in the emirate from January till the end of May this year, increased to 6,169 compared with 5,974 permits issued in the corresponding period of 2021, bringing the total ...

  Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has signed an agreement with Kahn-Sagol-Maccabi (KSM), the research and innovation centre of Israel’s Maccabi Healthcare Services, to promote joint medical research and technological innovation. The agreement – signed in Abu Dhabi – will also support the Emirate’s goal of building a genomic research registry to optimise clinical ...

Bloomberg About 20 million Americans quit their jobs in the first five months of this year, in what’s come to be known as the Great Resignation. Many now regret the decision, according to a new survey. More than one-quarter of those who left work are reconsidering whether they made the right move, according to a study of more than 15,000 ...

  Bloomberg Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian energy supplies. Snapping two months of gains, the ZEW institute’s gauge of expectations falls to -53.8 in July from -28 in the previous month, missing economists’ estimates. An ...

  Bloomberg The number of UK households facing acute financial strain has risen by almost 60% since October and is now higher than at any point during the coronavirus pandemic, a survey found. The abrdn Financial Fairness Trust and researchers at the University of Bristol estimated that 16 percent of households, or 4.4 million, are in “serious financial difficulties” and ...

  Bloomberg Germany’s Robert Bosch GmbH is making a bigger bet on semiconductors with plans to spend 3 billion euros ($3 billion) to help ease a worldwide shortage of computer chips that has crimped vehicle production. The auto-parts supplier said on Wednesday it will make the investment by 2026 as part of European Union and German government efforts to double ...

  Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a ...