News

UAE sees 1,394 new recoveries from Covid-19

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 227,104 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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Museum of the Future launches ‘Future Heroes’ Summer Camp

  Dubai / WAM The Museum of the Future has launched its first Future Heroes Summer Camp, full of fun, educational, and highly entertaining children’s programmes focusing on science, technology, and engineering, art, and mathematics (STEAM). Running from August 2-19, Future Heroes Summer Camp provides a unique opportunity for the imagination, curiosity, and creativity of the nation’s youth to run ...

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US poised to deliver bumper wheat crop world badly needs

  Bloomberg The US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Fields in North Dakota, the top producing US state, are forecast to yield a record high 49.1 bushels per acre of the grain, according to the final estimate ...

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Canada economy is losing momentum after strong start to 2022

Bloomberg Canada’s economic expansion showed signs of moderating in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates. Output in June was on track for a small increase of 0.1% after stalling in May, Statistics Canada said. That follows three months of better growth between February and ...

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Britain’s housing market feels heat from rising interest rates

  Bloomberg The UK’s bleak economic outlook and rising interest rates are finally biting into the country’s housing market, the latest figures from Britain’s lenders show. NatWest Group Plc reported net mortgage growth of £3.3 billion ($4 billion) in the second quarter, down from £3.6 billion in the same period last year. Barclays Plc reported near stagnant growth in home ...

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Danish inflation continues to accelerate

  Bloomberg Denmark’s producers of food and beverages expect to raise prices further in the coming quarter, signalling that inflation in the Nordic country is yet to peak. In a survey by Statistics Denmark, 81% of the food makers said they expect prices to increase in the coming three months, up from 76% a month ago. In the overall retail ...

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European industry increasingly worried about its prospects

  Bloomberg Manufacturers across the euro area are getting more worried about the economic outlook. The industrial confidence, a gauge compiled by the European Commission, dropped to a 17-month low this month and fears of energy shortages and never-ending supply chain disruptions are weighing heavily on the sector. Of the major four economies, only the readings for Germany were above ...

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Abu Dhabi to provide Covid-19 vaccines, PCR tests in pharmacies

  ABU DHABI / WAM In line with the emirate’s commitment to adopting international best practices and making healthcare services further accessible to all community members, the Department of Health – Abu Dhabi (DoH), announced that Covid-19 vaccines and PCR tests will be available in pharmacies.. Covid-19 vaccines will be provided free of charge and the PCR tests will be ...

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Adnoc confirms second gas discovery offshore Abu Dhabi

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Friday announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place. This ...

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UAE leaders congratulate Arab, Islamic leaders on new Hijri year

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent congratulatory messages to kings, presidents and emirs of the Arab and Islamic countries on the occasion of the new Hijri year 1444. The UAE President wished them good health and happiness, further progress and prosperity for their peoples and dignity and glory for Arab ...

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