News

Dubai / WAM Enoc Group has announced the opening of a new service station in Dubai South, an urban master development focused on the aviation and logistics ecosystem, in close proximity to the Expo 2020 Dubai site. This takes the total number of Enoc service stations to 156 across the UAE. The new service station will cater to residents and ...

Dubai / WAM Zayed University (ZU) has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to empower the new generation of leaders through a unique model of problem-solving academia, where students are equipped with cross-disciplinary skills that are relevant in today’s fast-paced job market. The MoU was signed by Saeed Al Dhaheri, University Council Board Member, Zayed ...

Bloomberg French President Emmanuel Macron unveiled a 30-billion-euro ($35 billion) plan to create the high-tech champions of the future and reverse years of industrial decline in the euro area’s second-largest economy. The plan, dubbed “France 2030,” foresees investing the funds over five years in sectors including nuclear and renewable energy sources, electric cars, semiconductors and robotics. “I want us to ...

Bloomberg Computer sales grew at the slowest rate since the start of the pandemic due to component shortages and logistics snarls, according to the latest report by IDC. The key US market shrunk for the first time since sales cratered in the first quarter of 2020 with the coronavirus outbreak, the market researcher said. Shipments there fell 7.5% in the ...

Bloomberg Swiss drug-ingredient maker Lonza Group AG said it plans to keep investment at high levels over the coming years to keep up with demand to manufacture products such as Moderna Inc.’s Covid-19 vaccine. Capital expenditure will be 25% of total revenue this year and remain at such elevated levels for the next few years, the company said on Tuesday. ...

Bloomberg UK government bond yields have climbed to levels last seen before the Brexit referendum in 2016 relative to German peers, as traders brace for inflation in Britain over the next decade to far outpace the rate in Europe’s largest economy. The extra yield investors demand to own 10-year gilts over equivalent bunds jumped to more than 125 basis points ...

Bloomberg German investor confidence declined for a fifth month in October, adding to evidence that global supply bottlenecks and a surge in inflation are weighing on the recovery in Europe’s largest economy. The ZEW institute’s gauge of expectations fell to 22.3 from 26.5 the previous month, the lowest since the start of coronavirus lockdowns last year. The outlook for the ...

Bloomberg It turns out that 2021 was a pretty good year to be an American farmer. After struggling through extreme weather, a trade war and tepid demand in recent years, things started to turn around this season as Chinese buying roared back. What’s more, crops proved resilient against bouts of dryness that hit some parts of the Midwest, and analysts ...

DUBAI / WAM The Federal Tax Authority (FTA) has called on official participants in Expo 2020 Dubai to avail the Value Added Tax (VAT) refund scheme for taxes paid on goods and services connected with Expo 2020 Dubai. The scheme is implemented by the FTA in accordance with UAE Cabinet Decision No. (1) of 2020 on the Refund of Value ...

SHARJAH / WAM Arada, a UAE-based development company, has launched “Kaya”, the second residential phase of its forested lifestyle mega community Masaar, located in the Al Suyoh district of Sharjah. Containing 421 townhouses and villas, the launch of Kaya has been brought forward following strong demand for homes in the first phase of the AED8 billion Masaar megaproject. Launched in ...