News

  Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi, has launched an initiative encouraging public transport passengers to obtain free trips on public buses by gaining points each time they hand in empty plastic bottles, which are then used to pay for bus fares. In the first phase of ...

  DUBAI / WAM The Marshall Islands celebrated its Expo 2020 Dubai National Day with calls for further support for the Sustainable Development Goals (SDGs) and a fervent plea for stronger action on climate change. Sultan Mohammed Al Shamsi, UAE Assistant Minister of Foreign Affairs and International Cooperation for International Development Affairs, welcomed John M Silk, Minister of Natural Resources ...

  DUBAI / Gulf Time After having firmly entrenched itself in the Egyptian, Russian and Turkish markets Seif El Hakim Group of companies is set to foray into the cosmopolitan city of Dubai which is synonymous with the posh shopping malls, penthouses and real estate activity as the city which is fast returning to normal. The real estate industry has ...

  Bloomberg Germany’s industrial base, just emerging from pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision machinery manufacturers. As the conflict pushes energy costs to new heights and a wave of inflation builds, scores of companies including BMW AG, BASF SE and ThyssenKrupp AG have warned their ...

  Bloomberg The unemployment rate fell last month in more than half of US states, including in 12 where jobless rates dropped to record lows. Nebraska and Utah, with unemployment at 2.1%, tied for the lowest in the country, according to Labour Department data. Arkansas, Georgia, Idaho, Indiana, Kansas, Mississippi, Montana, Oklahoma, West Virginia and Wisconsin also posted record lows ...

  Bloomberg Confidence among Italian businesses and consumers fall sharply on concerns about the economic consequences of Russia’s invasion of Ukraine. The economic sentiment index fell to 105.4 in March from a revised 107.9 in February, statistics office Istat said. Measures of consumer and manufacturing confidence both declined, with the former reaching its lowest level since January 2021. Expectations for ...

Bloomberg The European Union (EU) is proposing a 1.5 billion-euro ($1.65 billion) funding package for farmers, plus freeing up fallow land for crops as it seeks to shore up food security after Russia’s invasion of Ukraine. Food prices have soared as the war cuts off most shipments from Ukraine, a major grain and chicken exporter. In the first ever release ...

Bloomberg Faster inflation would normally fuel expectations for higher interest rates. In the UK, where price gains are the quickest in three decades, traders are betting on rate cuts. They’re paying heed to a warning this month from the Bank of England that surging costs for energy, clothing and food could lead to a weaker growth outlook. Money markets show ...

Abu Dhabi / WAM Noting that climate disruption, biodiversity loss and pollution threaten lives, jobs and health the world over, the UN chief said on Saturday that it was essential “to make peace with nature.” “Without nature’s help, we cannot thrive or even survive on this planet Earth,” Secretary-General António Guterres underscored in his message for Earth Hour, commemorated annually ...

  Abu Dhabi / WAM AD Ports Group on Sunday announced the signing of a memorandum of understanding (MoU) with the Kuwait General Administration of Customs to establish a new virtual trade corridor between the UAE and Kuwait, under the supervision of Department of Economic Development – Abu Dhabi (Added). The signing took place in Kuwait following a visit by ...