News

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) conducted 244,931 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. As part of ...

Dubai / WAM Dubai Customs has been certified among the best workplaces in UAE for second year in a row in the large-size company category. The annual report is compiled by management consultancy Great Place to Work, which compiles the survey in 60 countries. Researchers send out a ‘trust index’ to employees of companies, which measures how they are being ...

  Bloomberg UK companies are scaling back their ambitions in response to chronic labour shortages that show few signs of abating, an employment group has warned. The report by the Recruitment and Employment Confederation and KPMG found job vacancies and placements both slowed in May, possible signs that employers are starting to “rethink their growth plans because of skills shortages ...

  Bloomberg The Port of Los Angeles, the US’s busiest, is preparing for the early arrival of 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels, Executive Director Gene Seroka said. “The upstream orders coming from Asia — getting ready for an early arrival of peak-season goods — look strong; the ...

  Bloomberg Tesla Inc Chief Executive Officer (CEO) Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook. Musk tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That ...

  Bloomberg Czech inflation accelerated more than expected in May, supporting expectations of one more large interest rate hike before less hawkish leadership takes over the central bank. Consumer prices rose 16% from a year earlier, driven mainly by cost of housing and food, the statistics office in Prague said. The reading exceeded the median estimate of 15.5% in a ...

  ABU DHABI / WAM The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022. The UAE remained the largest recipient of FDI with flows increasing from ...

  Abu Dhabi / WAM According to the monthly newsletter covering Arab financial markets published on Friday by the Arab Monetary Fund (AMF), the Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase. The ...

  Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has opened submissions for its 17th edition, which will close on October 1. This announcement follows the success of the 16th edition, which received largest number of submissions across its nine categories since its inception, with more than 3,000 submissions from 55 countries, including 20 Arab nations and 35 ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) and Shandong Province, People’s Republic of China, signed a memorandum of understanding to enhance cooperation, exchange expertise and data on an industrial sector front. The signing comes as the two sides work towards further boosting investment opportunities and affirming Abu Dhabi’s unique market attributes. Rashed Abdulkarim Al ...