Bloomberg Tesla Inc Chief Executive Officer (CEO) Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook. Musk tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That ...
Read More »Bloomberg Czech inflation accelerated more than expected in May, supporting expectations of one more large interest rate hike before less hawkish leadership takes over the central bank. Consumer prices rose 16% from a year earlier, driven mainly by cost of housing and food, the statistics office in Prague said. The reading exceeded the median estimate of 15.5% in a ...
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ABU DHABI / WAM The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022. The UAE remained the largest recipient of FDI with flows increasing from ...
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Abu Dhabi / WAM According to the monthly newsletter covering Arab financial markets published on Friday by the Arab Monetary Fund (AMF), the Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase. The ...
Read More »Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has opened submissions for its 17th edition, which will close on October 1. This announcement follows the success of the 16th edition, which received largest number of submissions across its nine categories since its inception, with more than 3,000 submissions from 55 countries, including 20 Arab nations and 35 ...
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Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) and Shandong Province, People’s Republic of China, signed a memorandum of understanding to enhance cooperation, exchange expertise and data on an industrial sector front. The signing comes as the two sides work towards further boosting investment opportunities and affirming Abu Dhabi’s unique market attributes. Rashed Abdulkarim Al ...
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Abu Dhabi / WAM AD Ports Group signed a Head of Terms agreement with Enter Engineering Group to launch new businesses providing logistics and freight forwarding services in the Central Asian nation of Uzbekistan. Under the agreement, the two companies will establish joint venture companies to manage logistics and freight forwarding services, including air, sea, land and rail logistics, warehousing, ...
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Dubai / WAM The real estate and property transactions were valued at AED8.7 billion in total during the week ending June 10. The sum of transactions was 2,369. The sales included 262 plots sold for AED1.26 billion, and 1,572 apartments and villas sold for AED3.4 billion. The top three transactions were a land in Al Merkadh sold for AED110 million, ...
Read More »Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has signed an agreement with the United States’ Brooklyn Chamber of Commerce that will see the two entities work together on a number of beneficial initiatives to promote trade and support the international expansion of American businesses through ...
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Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has signed an agreement with the United States’ Brooklyn Chamber of Commerce that will see the two entities work together on a number of beneficial initiatives to promote trade and support the international expansion of American businesses through ...
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