News

Dubai / WAM Emirates National Oil Company Group (Enoc Group), the Official Integrated Energy Partner of Expo 2020 Dubai, has achieved AED 6.1 million savings from Energy and Resource Management (E&RM) projects in 2021; recording cumulative savings of AED 108 million from innovative energy efficiency measures implemented across the group over the last five years. The announcement was made ahead ...

Dubai / Emirates Business Zurich Capital Fund in partnership with Ayarezq Ayasoft announces the launch of (Exor), the first high-end digital platform in Latin America and the Caribbean to trade crypto currency linked and connected to banks in Latam where it started with five million user. It is integrated with digital banks and is the first in the world with ...

ABU DHABI / WAM Zaki Anwar Nusseibeh, Cultural Adviser to His Highness the President and Chancellor of the United Arab Emirates University (UAEU), has described Expo 2020 Dubai as one of the world’s most important cultural, scientific, and economic events. Nusseibeh said that the dazzling opening ceremony demonstrated the UAE’s ability to organise and host an event of this kind. ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, a UAE national airline, will commence seven new routes in the upcoming weeks bringing its third aircraft to full capacity after the eased travel restrictions were introduced in the Abu Dhabi Emirate recently. The national airline will operate routes to (Sarajevo) Bosnia and Herzegovina, Odesa (Ukraine), Muscat (Oman), Almaty (Kazakhstan), Sohag (Egypt), ...

SHARJAH / WAM The 48th edition of the Watch and Jewellery Middle East Show (WJMES), organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), will kick off on Tuesday with the participation of nearly 300 exhibitors of world-leading companies of the watch and jewellery design and manufacturing, alongside the participation of ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts in September. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects ...

Bloomberg The UK government is ending two of its pandemic-era safety net programs that pumped almost 80 billion pounds ($107 billion) into the economy, a move that campaigners say will leave more working families in poverty and widen the gap between the rich and the poor. Over the next week, furlough support for wages that helped 8.9 million workers at ...

Bloomberg Canada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rises 0.7% in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from July, which showed a 0.1% contraction, according to the report. Economists were predicting a 0.2% drop in output for July, after ...

Bloomberg Inflation in the euro area accelerated more than expected to the highest level in 13 years, adding fuel to a debate over how long the post-crisis spike will last. Consumer prices rise 3.4% in September, compared with an estimate for a 3.3% gain, according to figures released by Eurostat. A measure stripping out volatile components such as food and ...

Bloomberg Hungary’s government is planning to pay out a pension bonus to offset the effects of high inflation for the elderly, Prime Minister Viktor Orban said during a weekly interview on state broadcaster Kossuth radio. “Inflation is higher than we would have presumed in our right mind at the beginning of the year,” Orban said. “We must correct pensions against ...