News

  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA) and the General Authority of Islamic Affairs and Endowments (GAIAE) announced the requirements for the Hajj in the 1443 AH season. The two authorities also expressed their appreciation for Saudi Arabia’s leadership, government and people. The conditions come as a response to the Hajj restrictions announced ...

  Sharjah / WAM Moody’s Investor Services and Fitch Ratings have assigned Arada first-time credit ratings, which provide a strong foundation for the UAE developer to cement its long-term growth. The successful award of the ratings, just five years since the company’s inception in early 2017, make Arada one of the youngest corporates in the UAE to apply for and ...

  ABU DHABI / WAM The Parliamentary Friendship Committee with European Parliaments of the Federal National Council (FNC), led by Sarah Mohammed Falkinaz, met with Arsen Kanokov, Head of the Russian Federation Council’s Friendship Committee with the FNC, and his delegation. The meeting was attended by Dherar Belhoul Al Falasi, Dr. Ali Al Nuaimi, Dr. Hawaa Al Dhahak Al Mansouri, ...

  Erbil / WAM dnata, a leading global air and travel services provider, has announced a significant expansion of its operations in Erbil, Iraq. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of $3.5 million. dnata has also ...

Bloomberg Elon Musk declared he won’t proceed with his $44 billion takeover of Twitter Inc. unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal. The billionaire tweeted “this deal cannot move forward” unless Twitter provides proof of its claims, reiterating his own view that the ratio ...

Bloomberg Microsoft Corp plans to “nearly double” its budget for employee salary increases and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation. The move will mainly affect “early to mid-career employees,” the software giant said in a statement. “As we approach our annual ...

Bloomberg The euro-area economy grew more than initially estimated at the start of the year as the region moved past a wave of Covid-19 infections and defied headwinds from the early days of the war in Ukraine. Economic output rises 0.3% in the first quarter, exceeding a flash reading of 0.2%, according to Eurostat figures released Tuesday. Employment, meanwhile, gained ...

Bloomberg Property values in Los Angeles County are projected to rise by a record $100 billion this year, providing a boon to municipal coffers on the back of a hot housing market. The amount translates to $1.86 trillion in net value for taxable properties in the county, a 6% increase from 2021, according to a May forecast of the county’s ...

  Bloomberg Wage growth in Britain jumped in the first quarter, fueled by an increase in bonus pay despite a call from the Bank of England for restraint. Average weekly earnings surged 7% in the three months through March, the Office for National Statistics said on Tuesday. That was stronger than the 5.4% figure economists had expected, mainly due to ...

  Abu Dhabi / WAM The UAE has accomplished many achievements under the rule of the late Sheikh Khalifa bin Zayed Al Nahyan, including being ranked among the top 10 globally in 20 key indicators of global competitiveness related to the energy and infrastructure sector for the year 2021, according to reports issued by a number of major international institutions ...