Bloomberg The number of UK house sales fell in May, the latest sign that the red-hot property market is starting to cool. Sales agreed in May were down 13% year-on-year, according to Zoopla’s UK House Price Index report. The average time to agree a sale is also rising — taking 22 days in May, from 20 days in March. ...
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Bloomberg Volvo Car AB plans to build a $1.3 billion electric-vehicle factory in Slovakia, the company said. The new plant will be able to produce 250,000 electric cars per year, part of the company’s goal of reaching annual sales of 1.2 million cars by 2025 and switching its entire lineup to battery-powered vehicles by the end of the decade. ...
Read More »Bloomberg Euro area inflation surged to a fresh record, surpassing expectations and bolstering calls for the kind of aggressive interest-rate increases being deployed central banks across the world. Driven once more by soaring food and energy costs, consumer prices jumped 8.6% from a year earlier in June — up from 8.1% in May. Economists surveyed by Bloomberg saw a ...
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Abu Dhabi / WAM AD Ports group on Friday announced that it has reached an agreement to acquire a 70 percent equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International SAE (TCI). The total purchase consideration (enterprise value) of this transaction amounts to AED514 million. The ...
Read More »Abu Dhabi / WAM The Emirates Mars Mission ‘Hope Probe’ has identified new observations, in addition to its nominal set of observations, about Mars’ atmosphere in its fourth batch of scientific data. Collected by the Hope Probe’s instruments during its mission in Mars’ orbit from December 2021 to February 2022, the latest data demonstrate the capabilities of the instruments, ...
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Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received Ioannis Kasoulides, Minister of Foreign Affairs of the Republic of Cyprus, and discussed the UAE-Cypriot strategic relations, and ways to develop cooperation between the two friendly countries in various fields. During a dinner meeting in Abu Dhabi, the two ...
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Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has officially unveiled, at a special ceremony, the 15 recipients of the 2021 Urban Treasures Award. DCT Abu Dhabi’s new initiative has been developed to award establishments the prestigious Urban Treasures accolade each year, recognising cafes, restaurants, bakeries, tailors, fabric stores, perfumeries, jewellers, ...
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Abu Dhabi / WAM Etihad Airways celebrated the arrival of its new Airbus A350-1000 in the United States following the inaugural commercial flight from Abu Dhabi International Airport (AUH) to New York’s John F. Kennedy International Airport (JFK) on June 30. The aircraft, which accommodates 371 passengers, is one of five new Airbus A350s to join Etihad’s fleet this ...
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Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan witnessed the signing of the UAE-Indonesia Comprehensive Economic Partnership Agreement, alongside Indonesian President Joko Widodo in Abu Dhabi on Friday. This is the third such deal signed by the UAE this year, following the CEPAs with India and Israel, and is designed to increase annual bilateral trade ...
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Dubai / WAM The Union Coop on Friday announced its intention to list its shares on the Dubai Financial Market (DFM) on Monday, July 18, as the first retail cooperative in the UAE that takes this pioneering step. The listing is a part of the Securities and Exchange Higher Commission strategy aiming at increasing stock market size in the ...
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