News

  SHARJAH / WAM The upcoming ninth edition of the Sharjah International Film Festival for Children and Youth (SIFF) will celebrate the beauty and power of a wide range of unique and delightful films from 43 countries, including the UAE, when it opens at the Al Jawaher Reception and Convention Centre from October 10-15. SIFF, organised by FUNN, the Sharjah-based ...

  DUBAI / WAM The organisers of the World Green Economy Summit (WGES) invite those interested in attending to register on the summit website so they can participate in the activities, high-level seminars, panel discussions and youth circles held during the 8th WGES. Dubai Electricity and Water Authority (Dewa) and the World Green Economy Organisation (WGEO) are organising WGES under ...

  Bloomberg The UK economy probably shrank for the first time since the nation was in a coronavirus lockdown at the start of 2021, adding to pressure for action from the contenders vying to take over as prime minister. Gross domestic product for the second quarter probably shrank 0.2%, according to a survey of economists by Bloomberg News ahead of ...

  Bloomberg Apple Inc, which used to acquire a company every three or four weeks, has dramatically slowed its dealmaking in the past two years, a sign the tech giant is being more choosy in the face of a shaky economy and heightened government scrutiny. The company spent just $33 million on payments connected to acquisitions in its last fiscal ...

  Bloomberg Pfizer Inc has agreed to buy Global Blood Therapeutics Inc, the maker of a drug for sickle-cell disease, in a deal worth $5.4 billion. The New York drug giant will pay $68.50 for all outstanding shares of Global Blood, the companies said in a statement before US markets opened. That’s double the price of the stock on August ...

  Bloomberg Veolia Environnement SA agreed to sell Suez SA’s waste activities in Britain to Macquarie Group Ltd. for 2.4 billion euros ($2.44 billion) after the country’s antitrust authority raised competition concerns. Veolia’s announcement, confirming an earlier Bloomberg News report, marks the last step in its acquisition of a large chunk of French rival Suez, which was completed in other ...

  Bloomberg Hungarian inflation accelerated to the fastest in 24 years, offering no reprieve for a central bank that’s raised interest rates by most in the EU. Consumer prices rose 13.7% in July from a year earlier, exceeding all estimates in a Bloomberg survey. Core inflation, which strips out volatile commodity prices, was even higher at 16.7%, pointing to broad-based ...

  Sharjah / WAM The Sharjah Charity International (SCI) announced that its monthly assistance targets the needy category of people with low-income families in order to guarantee them a decent life and meet their living needs government aid. The association was able to provide monthly aid throughout the first half of this year, with a financial value of AED10.3 million, ...

  Abu Dhabi / WAM The UAE’s public spending in the first quarter of 2022 totalled AED87.4 billion, an increase of 19.6 percent and equivalent to AED14.34 billion, compared to AED73.7 billion in the same period of the previous year, according to statistics from the Ministry of Finance. The figures also highlighted the fact the country’s public spending in first ...

Dubai / WAM The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the next ...