News

  Abu Dhabi / WAM The green hydrogen projects of Abu Dhabi National Energy Company (Taqa) are progressing very well, a senior executive told the Emirates News Agency (WAM), adding that green hydrogen, dubbed as the oil of the future, will play a significant role in the company’s growing portfolio of renewables. “We are currently in the techno feasibility stage ...

  ABU DHABI / WAM Sheikh Zayed Grand Mosque received 459,126 worshippers and visitors during the Holy Month of Ramadan and the Eid Al Fitr holidays. The worshippers who flocked to the mosque throughout the days and nights of Ramadan to pray and reflect reached 219,378, of which 80,782 attended the Isha and Tarawih prayer, and 100,996 attended the Tahajjud ...

  ABU DHABI / WAM Zayed House for Islamic Culture (ZHIC) has shifted all its e-services to Abu Dhabi Unified Government System (TAMM), in a move aimed at enabling the emirate’s community to complete comprehensive digital government services through a single point of contact easily and conveniently. This step comes as a part of Abu Dhabi digital strategy to develop, ...

  Dubai / WAM Emirates and Jebel Ali Free Zone (Jafza) have signed a memorandum of understanding (MoU) to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or licenced in the free zone. Under the MoU, the parties will explore opportunities to offer a number of travel-related incentives for ...

  Dubai / WAM Amanat Holdings has announced its financial results for the quarter ended March 31. The company recorded a total income of AED46.9 million in 1Q-2022, a growth of 12% versus the AED42.0 million recorded in 1Q-2021. On an adjusted basis, excluding the prior year result from divested entities, the company recorded a total income of AED46.9 million, ...

  Bloomberg Fierce competition for workers pushed UK salaries higher in April, according to a survey that will put pressure on the Bank of England (BOE) to continue tightening monetary policy in its battle to tame inflation. As candidate availability declined for the 14th straight month, starting-salary inflation held close to a record high, the Recruitment and Employment Confederation and ...

  Bloomberg The French economy will grow only 0.2% in the second quarter after stagnating at the start of the year as companies face increasing difficulty getting supplies following Russia’s invasion of Ukraine, the Bank of France said. The share of industrial firms reporting supply issues affecting their output rose to 65% in the central bank’s monthly survey, the highest ...

  Bloomberg Spain will seek to tap European post-pandemic recovery loans, Prime Minister Pedro Sanchez said. Spain is working with the European Commission to tap “funds that are available as loans,” after having already received funds as unconditional grants, Sanchez said in an event in Madrid on Thursday. “We will seek to incorporate part of these loans to our recovery ...

  Bloomberg Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labour market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News. Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow ...

  Bloomberg Swedish inflation surged more than expected in April, increasing expectations country’s central bank will have to speed up rate hikes it flagged last month to restore trust in its policy target. The central bank’s target measure, CPIF, accelerated to 6.4% on an annual basis in April, the highest level since 1991, according to data released by Statistics Sweden ...