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  ABU DHABI / WAM With deals worth over AED25 million signed during the event, Gulf Print and Pack (GPP) 2022 concluded on a high note at the Dubai World Trade Centre this week. GPP organisers said the decision to move from a four-day show in past editions to a three-day event in 2022 was vindicated with daily attendance increasing ...

  Dubai / WAM More than 20 years since its establishment in 2000, Dubai Internet City (DIC) continues to be among the world’s preferred hubs for new economy companies, with several high-growth, high value-added, technology-enabled global firms recently choosing DIC to establish their regional operations. The latest to join the ever-growing ranks of new economy companies making DIC their home ...

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

  Bloomberg Justin Trudeau’s government has issued a new policy that tries to make internet access less expensive in Canada by changing the rules for companies that own large communications networks. The government has asked the country’s telecommunications regulator to craft new regulations that would force major providers such as BCE Inc and Rogers Communications Inc to sell access to ...

  Bloomberg More Americans are quitting their jobs than ever in the US, and fewer are sticking around in their new positions. Among workers who took a new job in 2021, the share who had been in their previous position for less than 12 months rose by 6.5% compared with a year earlier, data compiled by LinkedIn show. This job-jumping ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced a collaboration with the American University of Sharjah’ (AUS) College of Engineering to research the economic and environmental benefits of re-using food waste to enrich manufactured soils made from bauxite residue, and further applications in waste-to-energy. The AED1.6 million three-year research project is the second phase of EGA’s ...

  Bloomberg Oil, bolstered by a broad-based market rally, rose for a second day as US crude and gasoline stockpiles showed signs of continuing decline ahead of the summer driving season. West Texas Intermediate futures rise more than 3% alongside a rebounding equity market, while the dollar falls, which makes commodities priced in the currency cheaper. Global crude markets continue ...

  Abu Dhabi / WAM The UAE strongly condemned the terrorist bombing that targeted a mosque in the Afghan capital, Kabul, which resulted in a number of deaths and injuries. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms of violence ...