News

  Dubai / WAM Al Etihad Credit Bureau (AECB) announced it has integrated with UAE Pass in order to ease the customer registration process on its Credit Report App and enable fast authentication to access an individual’s credit report. Marwan Ahmad Lutfi, CEO of AECB, said, “AECB credit reports and scores are now extensively used in our day to day ...

  Abu Dhabi / Gulf Time The UAE based company, Tawasal Information Technology LLC announced that it has succeeded in attracting more than 1 million user downloads on Tawasal SuperApp since its launch in March 2022. The company thanks all its users for their confidence in using the application. Tawasal SuperApp is the first application of its kind in the ...

Dubai / Gulf Time flydubai, the Dubai-based airline, announced on Thursday the launch of flights to Samarkand in Uzbekistan from September 20 with a twice-weekly service. With the addition of flights to Samarkand, flydubai grows its operations in the market to two points including the capital, Tashkent. Flights to Samarkand International Airport (SKD) will operate from Terminal 3 at Dubai ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (Adex) signed two loan agreements with the Electricity and Water Authority in Bahrain to finance a water supply network project. Under the agreements, ADFD has committed to provide a loan of AED150.6 million, and Adex to provide a loan of AED187.32 million. The ...

  Abu Dhabi / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has said that the historic address of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the nation reflects the UAE wise leadership’s vision for the future of the country and its community, as well as the outlook of the nation for the coming ...

Bloomberg The euro area’s rebound from the pandemic will be weaker than anticipated while inflation will be faster because of Russia’s war in Ukraine, according to draft projections by the European Commission. With surging prices crimping demand and the danger of winter energy shortages draining confidence, gross domestic product is likely to advance 2.6% this year and 1.4% in 2023 ...

  Bloomberg Denmark broke European Union (EU) rules by letting local dairy producers market and export a white, crumbly cheese as “Feta” outside the region, the EU’s top court said. The European Commission, backed by Greece and Cyprus, sued Denmark in 2019 for failing to prevent or stop the “direct breach” of the European Union protection the name enjoys. Greece ...

  Bloomberg Volkswagen AG and other car markers risk violating European Union rules — and face more consumer claims — after the bloc’s top court said the use of IT meant to protect car components from damage at certain temperatures could be illegal. In a dispute stemming from the aftermath of the diesel scandal that roiled the German car giant, ...

  Bloomberg The Bank of France said the economy grew by about 0.25% in the second quarter, despite record inflation, the knock-on effects of Russia’s invasion of Ukraine and growing uncertainty about the outlook for business. According to the central bank’s assessment, which is based on a monthly survey of 8,500 firms, industrial activity was stable and the services advanced ...

  Bloomberg Argentines face the prospect of 90% inflation by year end after the economy minister’s exit triggered overnight price rises and the central bank comes under pressure to let the peso depreciate more rapidly. That would be the fastest pace since hyperinflation three decades ago, and the highest rate in the world outside Venezuela and Sudan, according to forecasts ...