Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, on Wednesday entered into an agreement to consolidate several companies within Pure Health, creating the largest healthcare provider in the UAE. As part of the agreement, Abu Dhabi Health Services Company (Seha), ...
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Over 60 countries represented at Arab Health 2022
DUBAI / WAM A total of 62 countries will be represented on the exhibition floor of the 2022 edition of Arab Health, the Mena region’s leading exhibition for the healthcare industry, taking place at the Dubai World Trade Centre from January 24 – 27. The 2022 edition of the show, which returns as a co-located event for the healthcare ...
Read More »Dewa launches project to improve employee productivity
DUBAI / WAM Dubai Electricity and Water Authority (Dewa) launched the Real-Time Mobile Work Force Project to improve productivity and fieldwork efficiency. This is part of its efforts to enhance the happiness of its employees and help them complete their tasks easily and efficiently, anytime and anywhere. The project includes 109 processes related to Distribution Power; Water and Civil; ...
Read More »Biden launches plan to fight meatpacker giants on inflation
Bloomberg President Joe Biden promised to “fight for fairer prices†for farmers and consumers as he announced plans to combat the market power of the giant conglomerates that dominate meat and poultry processing. “Capitalism without competition isn’t capitalism, it’s exploitation,†Biden said. “That’s what we’re seeing in meat and poultry.†Biden joined Agriculture Secretary Tom Vilsack and Attorney General ...
Read More »German labour market recovers in December
Bloomberg German joblessness continued to fall in December before the country tightened restrictions to ward off a wave of infections sparked by the omicron variant. Unemployment in Europe’s largest economy falls by 23,000, beating economists’ forecast for a drop of 15,000. The jobless rate slid to 5.2%. “The labour market developed well towards the end of the year,†said ...
Read More »France boosts aid for tourism firms to mitigate Omicron hit
Bloomberg The French government said it will ease access to crisis funds and could delay loan repayments for businesses struggling with a drop in activity as the surge in omicron cases hits tourism and leisure activities. “We are standing by firms and workers in difficulty,†Finance Minister Bruno Le Maire said after meeting with representatives of business groups. “This ...
Read More »Euro area inflation is close to its peak, says ECB’s Villeroy
Bloomberg The surge in euro-area inflation that surprised policy makers in recent months is close to its peak, according to European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau. A report on French consumer prices in December shows the first signs of stabilisation and the ECB expects upward pressures to fade through 2022, the French central bank ...
Read More »Argentina extends export ban on beef cuts
Bloomberg Argentina extended an export ban on seven beef cuts until the end of 2023, doubling down on its unconventional approach to taming meat prices for local consumers. The government also prohibited exporters from shipping full cattle carcasses and half carcasses, among other categories, for the next two years. Argentine beef is part of the national identity, producing mostly ...
Read More »Over 20 million US jobs won’t return to office: Report
Bloomberg The shift to remote work for high-paying jobs will accelerate this year, according to a new report, defying city officials who are desperate to bring workers back and reinvigorate their economies. More than a quarter of all professional positions in North America, largely concentrated in the US, will be fully remote by the end of this year, up ...
Read More »Sheikh Mohammed announces AED100m Great Arab Minds fund
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched the Great Arab Minds initiative. The initiative will be driven by and headquartered at the Museum of the Future, the Emirates’ new global scientific landmark. Great Arab Minds is the Arab world’s largest ...
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