News

  Bloomberg Canada, one of the world’s top barley exporters, is importing a rare cargo from Europe after drought decimated its harvest last year. France’s Rouen port is set to load its first-ever barley cargo for Canada, on the bulk carrier Federal Spey, according to a spokesman for the port operator. The North American nation hasn’t imported significant volumes from ...

  Bloomberg Benchmark German debt yields climbed above zero for the first time since before the pandemic as investors braced for central banks to scale back monetary stimulus in the face of accelerating inflation. The rate on 10-year bunds rises four basis points to 0.02%, crossing into positive territory for first time since May 2019. It comes as money markets ...

Abu Dhabi / WAM UN secretary general Antonio Guterres condemned the Houthi militia attack, which targeted civil facilities in UAE and resulted in a number of deaths and injuries. The UN spokesman said in the daily briefing that such attacks are prohibited by international humanitarian law. The United States also strongly condemned Houthi militia terrorist attack in the UAE, which ...

  Bloomberg Microsoft Corp said it’s buying Activision Blizzard Inc in a $68.7 billion deal, uniting two of the biggest forces in video games to create the world’s third-biggest gaming company. In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and ...

  Abu Dhabi / WAM Agthia Group PJSC, a regional food and beverages company, has marked the end of 2021 with a sizeable donation of over 500 Care Packages that were distributed to families in need across the UAE, which included a variety of food items produced by the group’s brands. Agthia partnered with the Emirates Red Crescent, Dubai Charity ...

  Abu Dhabi / WAM Aldar Properties (Aldar) on Tuesday announced an agreement with Diamond Developers, the mastermind behind The Sustainable City brand, to form a joint venture (JV) for the development of a fully sustainable and unique community on Abu Dhabi’s Yas Island. The Sustainable City – Yas Island will span an area of 397,000 square metre in Yas ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has signed a memorandum of understanding with Singapore’s Tuas Power, France’s EDF Renewables, and PT Indonesia Power to explore the development of renewable energy within Indonesia for export to Singapore. The agreement envisages the development of solar photovoltaic (PV) facilities with ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Public Relations and Social Responsibility Department, signed a strategic cooperation agreement with the Emirates Creative Association to enhance cooperation and exchange knowledge and experiences, and implement and embrace innovative projects to elevate individual and institutional performance, in line with the goals and strategies of the ...

  Dubai / WAM Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of January 18, while Expo 2020 Dubai’s virtual visitation passed the 65 million mark. The visitors were attracted by the first Global Goals Week to be held outside of New York and a star-studded K-pop concert – all underpinned by confidence in the event’s ...

  Dubai / WAM DP World, the leading global logistics company and provider of smart supply chain solutions, on Tuesday announced the launch of its new digital compliance and revenue platform, Cargoes Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation. ...