ABU DHABI / WAM The UAE government is to adopt a new four and a half day working week, effective from January 1, 2022. The move applies to Federal government entities and comes alongside new working hours, with Monday to Thursday workdays now starting at 7:30 am and ending at 3:30 pm, and Friday working hours from 7:30 am – ...
Read More »News
UAE, Gabon discuss ways to enhance cooperation
ABU DHABI / WAM Ali Al Sayegh, Minister of State, has met with Pacôme Moubelet-Boubeya, Minister of Foreign Affairs of Republic of Gabon, at Expo 2020 Dubai. During the meeting, they discussed ways to consolidate means of enhancing cooperation between two countries, including climate change, women’s empowerment and investment. Al Sayegh praised the participation of Gabon in Expo 2020 Dubai, ...
Read More »UAE, Poland sign deals to boost ties in private sector
Dubai / WAM The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Polish Chamber of Commerce signed two Memorandums of Understanding (MoU) aimed at strengthening the relations between the private sectors of the UAE and Poland. The MoUs also aim to establish a joint business council, promote economic cooperation, and develop commercial and investment ties between ...
Read More »Emirates crowned World Class Airline
Dubai / WAM Emirates has been named World Class Airline at The Apex Official Airline Ratings awards, becoming one of the first airlines to be recognised in this new award category that stands at the pinnacle of all Apex Passenger Choice awards. In addition, Emirates was renewed as a Five Star Airline by Apex, and clinched its fourth Apex Passenger ...
Read More »SCCI organises Sharjah-India business forum
SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) stressed the importance of strengthening economic relations between the emirate of Sharjah and the Republic of India, by highlighting the available investment opportunities and the facilities and incentives offered by both sides in various vital sectors. This came during the Sharjah-India Business Forum organised by the SCCI on the ...
Read More »Canada adds 153,700 jobs as unemployment rate declines
Bloomberg Canada’s labour market blew past expectations in November as the end of income support programs helped fuel new hiring. Employment rises 153,700 last month, Statistics Canada reported in Ottawa. That’s more than quadruple the 37,500 gain economists were predicting, according to the median estimate in a Bloomberg survey. The numbers show just how close the nation’s economy is to ...
Read More »German factory orders drop 6.9% in October
Bloomberg German factory orders plummeted in October as demand for investment goods declined, putting the economy on weak footing in the final months of the year. Orders fall 6.9% following a 1.3% increase the previous month. That’s the biggest drop in the volatile index since August and a worse reading than predicted by a single economist in a survey of ...
Read More »UK new car registrations reverse four-month slide
Bloomberg New car registrations in the UK rise in November for the first time after four consecutive months of declines, driven by a demand for electrified vehicles. Sales increased 1% in November from a year earlier, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT). That’s still 31% below the pre-pandemic five-year average, the SMMT said. ...
Read More »US ship logjam stretching far into Pacific is longer than ever
Bloomberg The number of container ships headed for the busiest US port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate. The backup outside the adjacent ports of Los Angeles and Long Beach, California, involves 96 container carriers, up from 86 ...
Read More »Denmark plans to cut fiscal stimulus
Bloomberg Denmark’s government plans to reduce fiscal stimulus next year, citing an “incredible†shape of the Nordic economy in a budget deal agreed by the ruling Social Democrats and their supporting bloc in parliament. Measures including a tax cut for home improvement services would have a limiting effect on the gross domestic product of 0.1%, the finance ministry said in ...
Read More »