News

Dubai / WAM A specialised state-of-the-art hospital has opened its doors in Dubai Science Park, offering spinal, neurosurgical, neurological, orthopaedic and radiosurgery treatments, supported by an advanced cancer centre and neuro-rehabilitation space. The AED 700 million Neuro Spinal Hospital and Radiosurgery Centre has 114 beds – four times the capacity of its former premises in Jumeirah. The hospital also features ...

SHARJAH / WAM Sharjah Airport received the inaugural flight of the Kazakh airline “FlyArystan”, coming from Almaty International Airport and greeted it with a traditional water cannon salute. The airline seeks to benefit from the growing demand for travel to and from the Emirate of Sharjah by building this line, with a frequency of two weekly flights. The choice of ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 266,926 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Dubai / WAM Dubai Chamber of Commerce and Industry (Dubai Chamber) launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai. The “En Route To The Expo” series focuses on business leaders from the UAE, sharing their thoughts on what they are expecting from the mega-event, ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has announced the launch of construction of a Wastewater Monitoring Lab in Abu Dhabi that will analyse wastewater samples and issue early warnings to prevent the spread of infectious diseases or harmful substances, as well as curb any adverse effects on the environment. The lab is being developed in ...

Bloomberg Italian Prime Minister Mario Draghi made a bold call for more economic stimulus in European countries to help bring growth back to pre-pandemic levels. “Protracted uncertainty means that the case for monetary and fiscal expansion remains compelling,” the former European Central Bank (ECB) chief said in speech in Barcelona. “We will not reach this objective without additional effort. So ...

Bloomberg The International Monetary Fund (IMF) privately estimates that a deal allowing Argentina to reschedule payments on $45 billion owed to the lender will be pushed into 2022 as President Alberto Fernandez has little incentive to quickly agree on the basis of a new program. While the IMF has said it’s constructively engaging with Fernandez’s administration, negotiations entailing fiscal austerity ...

Bloomberg The outlook for the UK’s sovereign debt score has been upgraded to stable by Fitch Ratings, which said that the country’s economy and public finances have proved more resilient to the pandemic shock than the credit assessor had anticipated. Fitch previously had a negative outlook on the UK, but the country avoided being downgraded, with the firm keeping its ...

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 ...