News

  Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) has signed a memorandum of understanding (MoU) with the Government of the Republic of Guatemala, represented by the economy, tourism, and the investment ministries. The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both friendly countries, said an ...

  Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, Pure Health, the largest integrated healthcare platform in the UAE, and G42 Healthcare, Abu Dhabi based leading health tech company, signed a memorandum of understanding (MoU) to establish the Centre of Digital Health (CDH) in the emirate of Abu ...

  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 ...