News

  Dubai / WAM DP World’s flagship Jebel Ali Port received MV Atlantic Pioneer, the first vessel from Kaiso Line, an Indonesia-based shipping company at its container terminal. The vessel left Jakarta on November 26 and reached the UAE on December 11. The call demonstrates how Jebel Ali Port is a vital link in the global trade network, connecting markets ...

  DUBAI / WAM Shaheen H Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, Tuesday rang the market-opening bell to celebrate the listing of the bank’s $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). This is the third Sukuk listing by Warba Bank ...

  Sharjah / Gulf Time The sixth edition of Xposure International Photography Festival – the largest premier photography and imaging show in the Mena region – is all set to expand the visual literacy of audiences in the UAE through the lens of internationally renowned photographers whose compelling and insightful perspectives and the causes they champion will be unveiled to ...

  Bloomberg Chancellor of the Exchequer Rishi Sunak plans to cut tens of thousands of jobs within the UK civil service over the next three years, the Financial Times (FT) reported. The Treasury is expected to set parameters for the reductions in early 2022, the newspaper reported, citing people briefed on the plans. The reductions are meant to save government ...

  Bloomberg Canada has welcomed more than 401,000 permanent residents in 2021, achieving its goal set last year, and marking the highest immigration year on record. The federal government announced the milestone, adding that the record immigration flows were attained despite the ongoing pandemic, which prompted the country to close its borders to foreigners for much of the year. Because ...

  Bloomberg France will force its citizens to work from home for most of next month to contain the spread of the highly transmissible omicron variant. Workers that have the option to stay away from the office must do so a minimum of three days and if possible four days a week to help reduce social contacts, Prime Minister Jean ...

  Bloomberg For US school officials struggling with a sharp rise in Covid-19 cases, winter break can’t come soon enough. There were 646 Covid-related school closings for this week, up from 356 the week before, according to Burbio, a data service that aggregates calendars nationwide. Schools in states including Michigan, Maryland, Pennsylvania and Ohio shifted to virtual learning or closed ...

  Bloomberg Ireland’s chief medical officer warned people to avoid shops and not to mix with people from other households indoors, as coronavirus cases soar. People should “avoid crowded places including retail environments” and shop online “where possible,” chief medical officer Tony Holohan said. “Do not socialise or meet indoors with people from the other households,” he added. The nation ...

  Bloomberg The European Union is weighing a broad set of new powers, including possible export controls, that would give it the ability to protect the bloc’s supply chain during periods of crisis. The European Commission, the EU’s executive arm, will unveil the proposal as soon as the spring, according to an EU official familiar with the plan. The new ...

  DUBAI / WAM Visits to Expo 2020 Dubai continue to climb substantially, increasing to 8,067,012 in the period up to December 27 as the most significant global gathering of 2021 continues to welcome visitors safely and responsibly. Expo’s stringent Covid-19 safety measures are designed to protect everyone on site, and include mandatory mask-wearing – indoors and outdoors – for ...