News

Bloomberg Polish wages are growing at the fastest pace since 2008, raising concern over a spike in inflation that the central bank said is temporary. Average wages in industrial sector jumped 10.1% in May compared with a year earlier, the Statistical Office said. When Poland last had double-digit wage growth, the central bank’s benchmark interest rate stood at 6%, compared ...

Bloomberg US retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as economy reopens. The total value of retail purchases fall 1.3% in May following an upwardly revised 0.9% gain in April, Commerce Department figures showed. The median estimate in a Bloomberg survey ...

Abu Dhabi / WAM The UAE will remain a staunch supporter and advocate of refugee issues across the world, affirmed HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Red Crescent (ERC), in a statement ahead of the World Refugee Day. HH Sheikh Hamdan said that contributing to innovative and appropriate ...

DUBAI / WAM DP World, UAE Region’s Jebel Ali Free Zone (Jafza) witnessed a 12 percent growth in its healthcare and pharmaceuticals customer base between 2019-2020. To showcase their commitment to promote the growth of healthcare and pharmaceutical companies, DP World, UAE Region and Jafza will participate in Arab Health 2021, one of the leading medical equipment exhibitions in the ...

Bloomberg China’s Silk Road Fund and Saudi Arabia’s Hassana Investment Co joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by US firm EIG Global Energy Partners LLC, has now closed a deal to acquire a 49% equity stake in Aramco Oil Pipelines Co, a new subsidiary, according to an emailed statement. The group includes ...

ABU DHABi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to President-elect Ebrahim Raisi on winning Iran’s presidential election. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

DUBAI / WAM Bilateral trade between Germany and Dubai reached AED24.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA). Dubai Silicon Oasis also provides numerous facilities to streamline business set-up and operations, attracting hundreds of international technology companies, Dr Mohammed ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Liberia, Sierra Leon, and Namibia, effective 23:59 on Monday, June 21. The travel suspension includes inbound transit passengers with the exception of transit flights ...

Abu Dhabi / WAM The UAE government has developed innovative and effective solutions to energy and infrastructure challenges, as part of the first batch of the “Nothing Is Impossible Hackathon” model for students of national and international universities. The Hackathon, organised by the Ministry of Possibilities, aimed at enhancing student participation in designing the new generation of government practices to ...

Dubai / WAM The Supreme Committee of Crisis and Disaster Management in Dubai, headed by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, announced updates to Dubai’s travel protocols for inbound passengers from South Africa, Nigeria and India, effective from Wednesday June 23. The updates are part of the Committee’s keenness to protect passengers and ease hassles for ...