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Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has extended its partnership with Al Bayt Mitwahid Association for a year. A non-profit organisation dedicated to celebrating unity and promoting a culture of giving, Al Bayt Mitwahid provides an open platform for UAE communities to take part ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) is bolstering its efforts to attract direct foreign investments in Dubai and support foreign companies in establishing business in the emirate, by signing a memorandum of understanding (MoU) with the Torino Chamber of Commerce. The agreement will help attract Italian companies launch operations in the free zone. The signing came during ...

Fujairah / Emirates Business National Bank of Fujairah (NBF) PJSC announced on Sunday the launch of the “Ahlan” SME account and “OneStop” business account, two exclusive banking products that provide businesses with access to unique features including hassle-free digital banking anytime, anywhere. Through these offerings, NBF expands its award-winning banking services and expertise across various sectors to meet retail businesses ...

Bloomberg President Joe Biden said Americans are returning to work and the US economy continues a strong rebound from the pandemic, after a Labour Department report offered a mixed view on the job market. “Simply put, America, America is back to work,” Biden said in remarks at the White House. “Because of the extraordinary strides we’ve made, we can look ...

Bloomberg The European Union (EU) will give preliminary approval to the reforms submitted by Spain to unlock $11.3 billion of its recovery funds. The European Commission will validate first set of milestones fulfilled by the Spanish government as part of its cash-for-reforms package to counter economic fallout of Covid-19, according to EU officials. Spain is one of the largest beneficiaries ...

Bloomberg Italy’s credit rating was raised one notch to “BBB” by Fitch Ratings, which said the country’s high Covid-19 vaccination rates and an increase in public and private spending will help the economy expand more than expected. The boost in rating reflects confidence in the unity government led by Premier Mario Draghi and its ability to wisely spend over 200 ...

Bloomberg Half of UK businesses expect to increase their prices in response to rising wage costs and supply-chain difficulties. That’s according to a survey by Lloyds Bank, which said that acute shortages of workers persisted into November. It showed that a quarter of companies expect to increase wages by 3% or more in next year in an effort to retain ...

Bloomberg Ford Motor Co expects to be the second-biggest seller of electric vehicles in the world within two years, according to Chief Operating Officer Lisa Drake. Demand for Ford’s first electric vehicles — the Mustang Mach-E crossover, the new electric F-150 Lightning pickup due out next spring, and its E-Transit commercial van — is emboldening the automaker to ramp up ...

Abu Dhabi / WAM The Global Volunteering Leadership Summit, hosted and organised by the Emirates Foundation in association with the International Association for Volunteer Effort (IAVE) and in collaboration with the Department of Community Development, discussed why volunteering matters for the post-Covid world. It also discussed the volunteers’ pivotal role in weaving a strong social fabric within communities. The Adnoc ...

Abu Dhabi / WAM During the official state visit of the President of the French Republic Emmanuel Macron to the UAE, Abu Dhabi-based sovereign investor, Mubadala Investment Company (Mubadala), announced the signing of two agreements aimed at facilitating investments in sectors of mutual priority and interest in France. These two agreements are part of comprehensive economic agreements valued at more ...