News

  Bloomberg Trade between Ireland and Northern Ireland surged during 2021 following the UKs formal departure from the European Union. Imports from Northern Ireland to the Irish Republic jumped 65% compared to a year earlier, while exports from the Republic to Northern Ireland rise 54%, Ireland’s Central Statistics Office said. Meanwhile, imports to Ireland from the rest of the UK ...

  Bloomberg Telecom Italia SpA, the phone carrier targeted in November by KKR & Co, is weighing reducing its Italian workforce by as much as one fifth amid faltering profit during the pandemic and heightened competition in its home market. Pietro Labriola, who took over as the ex-monopolist’s chief executive officer last month, is mulling a three-year restructuring plan that ...

  Bloomberg Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product (GDP) expanded 10.6% in 2021, the nation’s statistics agency said Tuesday. That’s the fastest ...

  Bloomberg Meta Platforms Inc. was finally allowed to complete its acquisition of Kustomer, a customer service software company, after more than a year of antitrust scrutiny. Meta, which owns Facebook, announced that the deal “complied with all regulatory requirements” in a blog update. Meta first announced the acquisition, valued at more than $1 billion, in November 2020, but the ...

  Bloomberg Oceans along the US coastline will rise faster within the next three decades than they did in the past 100 years, bringing more flooding to coastal cities such as New York and Miami, according to the latest projections. Sea levels are expected to rise as much as 12 inches by 2050, according to a report led by the ...

  ABU DHABI / WAM The Ministry of Defence is continuing its preparations for the launch of the Union Fortress 8 military parade, which will be held in March in South Expo near Expo 2020 Dubai. The event is taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday launched ‘Dubai Can’, a citywide sustainability movement designed to inspire people to make a difference through a series of sustainability-focused initiatives. This initiative, which will be implemented by Dubai’s Department of Economy and Tourism, will ...

  Dubai / WAM Amanat Holdings, one of the GCC’s healthcare and education investment company, has announced record financial results for the year ended December 31, 2021, with a total income of AED367.0 million, a significant five-fold increase on the AED70.6 million recorded last year. Strong total income growth translated through to Amanat’s bottom-line, with the company reporting a record ...

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Tuesday announced that it has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of $640 million. The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across ...

  DUBAI / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...