News

  SHARJAH / WAM In implementation of the directives of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide a stable and decent life for the citizens, the Sharjah Debt Settlement Committee (SDSC) approved an amount of AED63.11 million, to settle 120 cases of citizens’ debts. Commenting on this, Rashid Ahmed ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, is continuing to strengthen its support for global climate action, with the capacity of its clean energy project portfolio rising 40 percent in 2021. The electricity generation capacity of all projects Masdar has invested in – either installed or under development – increased from 10.7 gigawatts ...

Bloomberg Argentine President Alberto Fernandez called on his government to implement “all necessary measures” to combat 52% inflation that’s been aggravated by the surge of global commodity prices due to the Russia’s invasion of Ukraine. In a sombre, 18-minute speech, Fernandez said his ministers would start rolling out new measures without providing specifics. Earlier in the week, he declared a ...

  Bloomberg Italy’s economy is strong enough to handle a slowdown and its debt will remain manageable even as European Central Bank stimulus winds down, Prime Minister Mario Draghi said. “I don’t see risks for Italy’s debt,” he said after a meeting of European Union leaders in Versailles, France. “We are ready to withstand a temporary slowdown in growth, and ...

  Bloomberg More than 100 UK-listed companies have warned of negative effects from the war in Ukraine, with few of them so far quantifying the impact on their earnings, according to research by Bowmore Asset Management. The majority of the 115 companies the firm identified cautioned about effects specific to their businesses in the region, while many others referred to ...

  Bloomberg Brazil’s Supreme Court banned the popular messaging service Telegram, in a widening crackdown on what authorities describe as fake news and hate speech in the lead-up to presidential elections later this year. Justice Alexandre de Moraes ordered internet providers and digital stores to block the app after repeated attempts by the federal police to get in touch with ...

  Riyadh / WAM Arab coalition has intercepted terrorist Houthi militia’s latest attacks targeting Saudi civilian objects and economic installations. Brigadier General Turki Al-Malki, the Official Spokesperson of the Coalition to Restore Legitimacy in Yemen, has said that the Houthi militia has escalated its hostile, cross-border attacks towards the Kingdom last night and earlier this morning, targeting civilian objects and ...

Bloomberg The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other. Baker Hughes Co said it’s suspending new investments in Russia operations but continuing with existing work there, according to a statement. That followed a similar statement ...

  Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi has announced that the quality of life indicators in the emirate show increased happiness and satisfaction rates. This was announced on a day that coincides with International Day of Happiness, on 20th March, and is considered one of the most important days declared by the United ...

  ABU DHABI / WAM The UAE Cyber Security Council and UAE-based cyber solutions and services company, Cyber Protection X Holding LLC (CPX), signed an MoU to work together to enhance the cyber maturity of government entities in the UAE. The MoU, which was signed at Gisec, the largest cyber security event in the Gulf region, currently underway in Dubai, ...