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Sheikh Mohamed, Australian premier discuss global, regional developments

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday a telephone call from Scott Morrison, Australian PM, during which they discussed ways of enhancing the distinguished friendship ties and advancing bilateral cooperation and joint action for serving mutual interests of their ...

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Adnoc enables UAE industry through long-term, reliable natural gas supply

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE, and Arkan, a construction and building materials company in Abu Dhabi. The agreements underscore the role ...

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Aldar launches ‘Noya Luma’ on Yas Island

Abu Dhabi / WAM Aldar Properties (Aldar) announced the launch of 189 standalone villas at Noya Luma on Yas Island. Noya Luma sits adjacent to the rest of the Noya community on the north side of the island and is open to buyers from all nationalities on a freehold basis. With significant interest registered in four-bedroom villas during the first ...

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WAM, Russia’s ‘TASS’ to boost cooperation

Moscow / WAM The Director-General of Emirates News Agency (WAM), Mohammed Jalal Al Rayssi, met Mikhail Gusman, First Deputy Director-General of Russian News Agency (TASS), and discussed ways to enhance cooperation and exchange of experiences between the two news agencies, based on the well-established UAE-Russia relations. This came during the visit of Al Rayssi to the headquarters of TASS, accompanied ...

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Digital transformation promotes data economy growth: Report

DUBAI / WAM The constant and rapid accumulation of data on smart devices has driven the development of several innovative businesses that are enabled by data. This has led to the emergence of the global data economy in which companies and countries are collecting, processing and analysing data to generate insights but also underpin artificial intelligence (AI) and machine learning ...

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Germany suffers $366bn hit from Covid-19 fallout

Bloomberg Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne. The pandemic is projected to slash about 100 billion euros ($122.59 billion) from the output of Europe’s largest economy in the first half of 2021, adding to the hit ...

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UK kicks off fiscal year with $45bn budget deficit

Bloomberg The UK posted a 31.7 billion-pound budget deficit ($45 billion) in April as the new fiscal year got under way. The shortfall reported by the Office for National Statistics on Tuesday was in line with the median forecast of economists but well below the 47.3 billion pounds registered in April last year, when the first coronavirus lockdown pummeled the ...

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France weighs new border curbs with UK

Bloomberg France will likely decide on Wednesday whether additional restrictions are needed at its border with the UK to fend off a coronavirus variant first identified in India. The UK is trying to make a case to France that extra curbs aren’t necessary, citing the large share of its vaccinated population, a person familiar with the discussions said. About 70% ...

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Polish economy ready for rebound to pre-virus boom

Bloomberg Poland has “undoubtedly” emerged from its first economic slump in three decades, while European Union (EU) stimulus and a government plan to boost spending will stabilise the economy and ensure strong growth in the coming years, Deputy Prime Minister Jaroslaw Gowin said. Polish output shrinks for a fourth straight quarter in the first three months of this year. But ...

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UAE launches vaccination program for 12,000 Syrian refugees in Jordan

AMMAN / WAM The Emirates Red Crescent (ERC) has launched the first phase of vaccination programme for Syrian refugees in the Jordanian camps to help the country confronts the coronavirus pandemic. The programme aims to vaccinate 12,000 refugees in the Emirati-Jordanian camp of Mrajeeb Al Fhood and camps of Zaatari, Al Azraq and Al Hadiqa with the Sinopharm vaccine. The ...

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