News

Dubai / WAM The newly-established UAE Infrastructure and Housing Council held its first meeting to discuss the challenges, priorities, policies and legislation that serve the direction of the state and contribute to realising aspirations of the government for the welfare of the Emirati people. The council also reviewed the housing plans for the coming years and the provision of multiple ...

Abu Dhabi / WAM Emirates Post Group, in cooperation with Dubai Municipality, issued a set of commemorative stamps featuring the Saruq Al Hadid archaeological site in Dubai, one of the most important archaeological discoveries in the UAE. The stamps bear images of a “Golden Ring”, “Gold Crown Model”, and “Pottery Storage Jar”, all of which represent the most prominent unearthed ...

Dubai / WAM More than 120 permanent buildings across Expo 2020 Dubai have been certified by the US Green Building Council in a major sustainability milestone, not only for the mega-event itself, but for its legacy project District 2020, the human-centric sustainable smart city that will repurpose 80 percent of the Expo site. Seven buildings across the 4.38 sqkm location, ...

Bloomberg President Joe Biden said the US economy is recovering from the pandemic faster and stronger than expected, after a report showing the labour market got back on track last month with broad-based payroll gains. “America is getting back to work; our economy is starting to work for more Americans,” Biden said at the White House. “Our economy is on ...

Bloomberg CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion. CMA CGM reached the agreement with EQT Infrastructure, according to a statement. The shipper, which already owned a 10% stake in the ...

Bloomberg Canada’s labour market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said in Ottawa, missing expectations for a gain of 41,600 in a Bloomberg survey of economists. The unemployment rate falls to 6.7% from 6.9% in September, and ...

Bloomberg Greece wants to make all of its inhabited islands ecologically friendly as the country pushes to meet a target of cutting harmful emissions at least 55% by 2030. A nationwide campaign dubbed “GR-eco Islands” will kick off in Chalki, a small island near Rhodes in the eastern Aegean. Chalki will get its electric power entirely from a new 1 ...

Bloomberg AP Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected. The world’s largest shipping line said global ocean-based freight shipping will grow between 7% and 9% this year, a percentage point higher than a previous prediction, according to a statement. “Our clients are ...

Abu Dhabi / WAM Al Seer Marine, a marine company that is engaged across multiple marine sectors and a subsidiary of International Holding Company (IHC), on Wednesday announced its financial results for the period ending September 30. Over the nine-month period, the company’s net profit jumped to AED2.45 billion from AED25.40 million in the corresponding period a year ago. The ...

GLASGOW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Head of the UAE delegation to the 26th Conference of Parties to the United Nations Framework Convention on Climate Change – UNFCCC (COP26), attended on Wednesday the official launch ceremony of the Energy Transition Accelerator Financing (Etaf) Platform, a new global ...