News

  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) awareness initiatives and programmes have supported energy and water conservation and educating society about the importance of protecting natural resources and reducing our carbon footprint. Dewa’s conservation activities have gained the support of its audiences with an increased turnout and positive impact. Saeed Mohammed Al Tayer, MD & CEO of ...

  Dubai / WAM Al Jalila Foundation, a member of the Mohammed bin Rashid Al Maktoum Global Initiatives, on Friday announced that it has been granted approval to receive charitable donations in cryptocurrencies, making it the first healthcare charity in the UAE to accept donations in digital money. Al Jalila Foundation also announced that it has partnered with a leading ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 231,286 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. ...

  Dubai / WAM flydubai, the Dubai-based airline, has announced on Friday that it will resume operations to Abha in Saudi Arabia. Flights to Abha will commence on June 23 with a daily service, from Terminal 2, Dubai International (DXB). The carrier will start operations to 10 additional routes from June onwards and this includes flights to new destinations, Izmir ...

  Dubai / Gulf Time Emirates is on board with The World Environment Day 2022 theme — Only One Earth, with initiatives on board and on the ground that add up to making a big difference. The airline’s environmental strategy focuses on three areas: reducing emissions, consuming responsibly, and preserving wildlife and habitats. When it comes to inflight product and ...

Bloomberg Argentina’s government is expecting record export levels this year as the nation benefits from the surge of commodity prices. South America’s second-largest economy is forecast to export $90 billion of goods this year, according to a senior government official who asked not to be named to discuss unpublished projections. That would be at least a 15% jump from last ...

Bloomberg Slumping US new car sales in May on continued high prices and low inventories have some analysts worried those lower-than-expected results could be a harbinger of a broader economic downturn. Sales of new cars last month fall to 12.8 million vehicles at a seasonally adjusted annualized rate, representing an 11% drop from April, according to data compiled by Wards ...

Bloomberg Toronto home prices fell for the third straight month, as rising interest rates spur an abrupt reversal in a city recently at the heart of one of the world’s hottest housing markets. The average selling price for a home in Canada’s largest city fell 3.1% in May to about $939,000 on a seasonally-adjusted basis, according to data from the ...

  Bloomberg Confidence in the euro area economy unexpectedly inched up as fears over rising prices slipped for a second month. A gauge compiled by the European Commission rose to 105 in May — up from a revised reading of 104.9 in April. Economists had expected a slight decline to a 14-month low. Falling confidence among manufacturers was offset by ...

  Bloomberg Telecom Italia SpA is seeking an enterprise value of around 20 billion euros ($21.5 billion) for the landline network it plans to sell to Italy’s state lender and a group of international funds, according to people with knowledge of the matter. The company’s shares rise as much as 5.9% and traded up 4.5% in Milan following Bloomberg’s initial ...