News

Bloomberg Prime Minister Mario Draghi’s government plans to end a ban on firing workers in manufacturing and construction sectors, removing protections that have been in place since the start of the coronavirus pandemic in a sign of Italy’s recovery. The move threatens to open a rift with some left-leaning parties in Draghi’s coalition. Unions called on the government to extend ...

Bloomberg Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods. US wages likely posted a third strong monthly gain to fuel a 3.6% increase in June from a year earlier, according to economists’ forecasts ahead of the Labour Department’s jobs report. Companies including FedEx ...

ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has inaugurated track-laying works at the Seih Shuaib site, which is the centre point for track-laying running to Abu Dhabi and Dubai. Sheikh Theyab reviewed the latest progress during a 10-kilometre trip aboard an inspection ...

ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) on Tuesday announced that Reliance Industries Limited (Reliance), has signed an agreement to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at Ta’ziz in Ruwais, Abu Dhabi. The agreement capitalises on growing demand for these critical industrial raw materials and leverages the strengths of Adnoc ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abiy Ahmed, Ethiopian Prime Minister, have discussed means to foster cooperation in different sectors for the benefit of the two sides. This came in a phone call Sheikh Mohamed received from the Ethiopian ...

DUBAI / WAM DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza) has improved and elevated the roads and infrastructure within its premises over the last five years, to offer top-notch facilities to those operating in the free zone. The projects include sustainable developments and major construction works valued at approximately AED2.484 billion. Key features of the upgrades include ...

RAS AL KHAIMAH / WAM RAK Ports has signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With ...

Bloomberg Boeing Co is finalising a set of three safety enhancements to the engines on its popular 737 Next Generation models to prevent debris from escaping during a failure, according to US regulators. The Federal Aviation Administration (FAA) outlined the fixes in a letter to the National Transportation Safety Board (NTSB). The NTSB had recommended improvements in the engine designs ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has won the Best International Innovation Award in the field of Rails Infrastructure Maintenance Management System (RIMMS). The award is part of the Global Business Awards presented by the UK-based Awards Intelligence Ltd, a specialist in evaluating innovative services in large and medium enterprises as well as start-ups. RTA’s winning of ...

Ras Al Khaimah / WAM RAK Ports signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With recent ...