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DMCC to hold Dubai Diamond Conference in Feb

  Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the full list of industry-leading speakers set to take centre stage at its flagship diamond event, the Dubai Diamond Conference (DDC). The DDC will be held physically, welcoming the global diamond industry to Atlantis, The Palm on February ...

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Abu Dhabi’s non-oil trade hits AED190.2bn in 11 months

  ABU DHABI / WAM The report, titled, “Non-Oil Foreign Merchandise Trade Through the Ports of Abu Dhabi”, published by the Statistics Centre-Abu Dhabi (Scad), confirmed that the value of non-oil foreign trade passing through Abu Dhabi ports over 11 months in 2021 amounted to some AED190.20 billion, an increase of 2.9 percent compared to the same period in 2020, ...

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Etisalat group completes acquisition of elGrocer

  Dubai / WAM Emirates Telecommunications Group Company PJSC (Etisalat Group) on Friday announced that, further to the announcement on November 18, 2021, it has completed the acquisition of elGrocer DMCC. Founded in 2015, elGrocer is a leading online marketplace for groceries operating in all seven Emirates of the UAE. It brings together major retailers and specialty stores on a ...

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Xposure 2022 organises first conservation summit

  Sharjah / WAM The sixth edition of Xposure International Photography Festival will host its first-ever Conservation Summit on February 10, under the theme ‘Saving our Oceans’, to explore hope and solutions for ocean conservation. A distinguished panel of conservationists, biologists, ocean explorers, researchers and photographers will shine a light on conservation stories through exhibitions and numerous panel discussions to ...

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EPA explores future of publishing

  SHARJAH / WAM The Emirates Publishers Association (EPA) hosted a virtual brainstorming session titled, ‘The Future Prospects of Publishing’, to engage local publishers in the process of setting priorities and developing the entity’s strategic five-year plans. Ali Bin Hatem, President of EPA and Rashid Al Kous, Executive Director of EPA, participated in the virtual session that was also attended ...

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Number of medical personnel in UAE up by 140% over 10 years: FCSC

  Dubai / WAM The Federal Competitiveness and Statistics Centre (FCSC) revealed that the number of medical personnel in the UAE grew between 104 percent and 140 percent on average over a period of ten years. The number of physicians working in the public and private sectors in the country increased to 26,151 by the end of 2020, compared to ...

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Euro area outlook darkens with Germany on brink of recession

  Bloomberg The euro area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began. A sentiment gauge by the European Commission fell to 112.7 in January, the lowest in nine months, driven ...

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Spain’s economy grows by 2% in fourth quarter

  Bloomberg The Spanish economy beat expectations at the end of last year, benefiting from a surge in investment and strong export demand. Gross domestic product rises 2% in the fourth quarter following growth of 2.6% in the previous three months. That beats economist estimates for an increase of 1.4%. It’s also better than France’s 0.7% expansion and the contraction ...

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Swiss watch exports jump 31% in ’21 on US demand

  Bloomberg Swiss watch exports had a record year amid booming demand in the US, which overtook China to become the industry’s top market for the first time in more than a decade. Shipments rise 31% to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said. The industry has recovered from a 22% decline ...

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