News

Bloomberg The number of Canadians searching for work jumped last month, just as pandemic-related government support programs were wound down, a survey by Indeed Canada showed. The share of people actively looking for employment rose to 30% last month, up from 25% in September, according to a report by the job posting site. The increase was largely driven by unemployed ...

Bloomberg Peru’s gross domestic product expanded 11.4% from a year earlier in the third quarter, the central bank said. The country’s economy was 1.6% larger than in the same quarter of 2019, after it shrank more than 10% last year as a result of the pandemic. Economists had projected third-quarter growth of 10.8%. Peru experienced months of lockdowns last year ...

Bloomberg Ericsson has agreed to buy Vonage Holdings Corp in its biggest-ever deal, a takeover that also concludes a brief but successful activism campaign by Jana Partners. Ericsson’s $6.2 billion all-cash offer for Vonage dwarfs its 1.2 billion pound ($1.6 billion) acquisition for Telent Ltd telecom equipment assets in 2005, according to data compiled by Bloomberg. Jana Partners, which owns ...

Dubai / WAM The governments of Jordan, Israel and the United Arab Emirates on Monday signed a landmark declaration of intent to build renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region. The signing, that took place at the UAE Leadership Pavilion at Dubai Expo, was witnessed ...

ABU DHABI / WAM The Federal National Council (FNC) Parliamentary Division will participate in the 143rd General Assembly of the Inter-Parliamentary Union (IPU), the 208th session of its Governing Council, and the meetings of the union’s Executive Committee and standing and specialist committees, to be hosted by the Spanish Parliament in Madrid from November 24-30. Dr Ali Rashid Al Nuaimi, ...

Abu Dhabi / WAM Adnoc Distribution has become the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less Adnoc Oasis store. The first new generation store has been opened at Adnoc’s Sheikh Khalifa Energy Complex, said a press release issued on Monday. It offers new cashless and contactless ...

ABU DHABI / Emirates Business Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has announced it will offer a special 50% discount on its flights to all destinations to celebrate the UAE’s Golden Jubilee anniversary. The 50% discount flights are now on sale on wizzair.com and the airline’s mobile app (also available in Arabic). The airline is also launching ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) has unveiled the Rakez mobile app, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) organised a special viewing of a documentary at Expo 2020. Called “Our Sea Our Future,” the feature-length production showcased the success story of improving fish stocks in Abu Dhabi. The documentary was shown as part of the EAD Inspiration Series at Expo 2020 Dubai’s Terra – The Sustainability Pavilion ...

Abu Dhabi / Emirates Business GreenGate Co. General Trading and Commercial Agencies under the patronage of His Excellency Dr Mubarak Hamad Marzouq Al Ameri, announces the partnership with Safetech Innovations. Founded in 2011 in Romania and listed on the Romanian stock market, Safetech Innovations focuses on the data protection services and the implementation of cybersecurity solutions as well as the ...