Abu Dhabi / WAM – Bloomberg World hunger spiked last year, outpacing population growth and probably reaching the highest since 2005, as the Covid-19 pandemic curbed incomes and access to food, according to the United Nations. As many as 811 million people — about a 10th of the global population — were undernourished in 2020, a UN report said. The ...
Read More »
Bloomberg Hotel occupancy in the capital of the United Arab Emirates surged in June to the highest level since the start of the coronavirus pandemic. Abu Dhabi hotels were 68.5% full last month, according to preliminary data from research firm STR. Revenue per available room, a key measure of profitability, was 219.81 dirhams ($59.67), the highest since February. Room rates ...
Read More »Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...
Read More »
Dubai / WAM Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO ...
Read More »
Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...
Read More »
TUNIS / WAM The UAE has dispatched an aircraft carrying 500,000 doses of the Covid-19 vaccine to Tunisia to curb the spread of the virus. This urgent response comes in line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the ...
Read More »
Dubai / WAM Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC) in Dubai, succeeded in processing more than 27,000 transactions involving commercial and engineering licencing services during the first half of 2021. Abdullah Belhoul, CEO of the Department of Planning and Development at Trakhees, stated that PCFC is constantly working to maintain its excellence to ...
Read More »
ABU DHABI / WAM The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority and other competent authorities to ensure compliance with tax legislation and procedures, as well as protecting consumers from trafficked products that do not meet quality specifications approved within the UAE. In ...
Read More »
Bloomberg The US will warn American companies this week of the increasing risks of operating in Hong Kong, the Financial Times (FT) reported, as Washington seeks to ramp up pressure over Beijing’s crackdown on the financial center. The risks include the Chinese government’s ability to gain access to data that foreign companies store in Hong Kong, the FT said on Tuesday, ...
Read More »
Bloomberg Google was fined $593 million in France after the search giant failed to follow an order to thrash out a fair deal with publishers to use their news content on its platform. The Alphabet Inc unit ignored a 2020 decision to negotiate in good faith for displaying snippets of articles on its Google News service, the Autorité de la ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.