News

  Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday made a telephone call to Kassym-Jomart Tokayev, President of Kazakhstan. During the conversation, His Highness Sheikh Mohamed bin Zayed emphasised the UAE’s support for everything that could ensure the stability of ...

  Bloomberg Moderna Inc said it has signed vaccine purchase agreements worth $18.5 billion for this year, along with options for another $3.5 billion, including booster shots. In a statement on Monday, the company also said 2021 product sales would be $17.5 billion, slightly higher than the average analyst estimate of $17 billion, according to data compiled by Bloomberg. Additionally, ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to Isaac Herzog, President of Israel, on the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

  Bloomberg Oil fluctuated after recording the biggest weekly gain in a month as supplies returned in Libya and Kazakhstan, and investors tracked China’s handling of its first community spread of omicron. Brent crude was narrowly higher after swinging between gains and losses. The global benchmark rises more than 5% last week and touched $83 a barrel, the highest level ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. The FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned 1,310 new 11 kV power distribution stations across Dubai from January 1 until December 31, 2021. This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs. These stations are mainly at Mohammed bin Rashid Gardens, Airport City, Wadi ...

ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agritech company, has appointed Salmeen Obaid Alameri as the new Chief Executive Officer (CEO). In his new role, Alameri will be tasked to drive the company’s strategic growth. Alameri will work to harness leading capabilities and deploy advanced technology to help secure strategic food reserves, ensuring access to safe, ...

  Sharjah / WAM Bee’ah, the Middle East’s sustainability pioneer, has now become Beeah Group, adopting the structure of an investment holding company and assuming a new visual identity. As Beeah Group, the organisation is unifying its growing businesses across industries and countries, including operations in UAE, KSA, Egypt and global joint ventures. Since its founding over a decade ago, ...

  Gaza / WAM Nearly 230,000 students and teachers in the Gaza Strip will have access to clean drinking water, under the framework of a UAE Government-funded international initiative led by the Rostropovich-Vishnevskaya Foundation (RVF) based in Washington DC in the United States. Under the initiative, 125 schools managed by the United Nations Relief and Works Agency for Palestine Refugees ...