News

  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export $90 billion of goods this year, according to a senior government official who asked not to be named to discuss unpublished projections.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 ...

  Dubai / WAM Two months after the curtain came down on Expo 2020 Dubai, the first World Expo held in the Middle East, Africa and South Asia (Measa) region is still celebrating its glorious success after receiving 29 Global Telly Awards across multiple categories for its spectacular Opening Ceremony. The Expo Dubai Explorer App also won a Gold Telly ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent similar messages to president Mattarella, as ...

  AJMAN / WAM Ajman Free Zone (AFZ) announced a remarkable growth of 45% in its e-commerce sector since the beginning of this year, reaffirming AFZ’s position as a global business hub with advanced solutions and state-of-the-art facilities. The announcement was made during AFZ’s attendance in the Seamless Middle East 2022 conference. The latest results can be attributed to the ...

  Abu Dhabi / WAM Port authorities around the world have a major role in supporting sustainable economic growth and delivering a greener future, according to experts and executives meeting in Abu Dhabi for the 7th Edition of Port Authorities Roundtable (PAR 2022). The major annual event brought together port authorities from territories as diverse as Antwerp, Barcelona, Busan, Guangzhou, ...