News

Bloomberg The US economy probably notched up another bumper month of hiring in April, tallying with other reports that suggest growth momentum is building in the wake of the coronavirus crisis. Payrolls may have risen by 978,000, according to median estimate of economists, above the 916,000 gain in March, while unemployment is seen falling below 6%. The Labour Department report ...

Bloomberg India’s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic. April sales of gasoline — used in cars and motorcycles — fall to 2.14 million tons to the lowest since August, according to preliminary data from officials with direct knowledge ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has issued a new regulation covering licensing, prudential and conduct requirements for specialised banks. Specialised banks are licensed under the CBUAE’s new regulation and are allowed to practice different financial activities to serve the local community, such as account opening, card issuance, and retail and wholesale lending. Specialised banks ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, stated that despite the exceptional circumstances that the whole world is going through due to the Covid-19 pandemic and the precautionary and preventive measures imposed by the pandemic, the UAE workers were and are still in the hearts and minds of “our wise leadership”, and ...

Dubai / WAM Since its inception in May 2017, Area 2071, the innovation ecosystem of Dubai Future Foundation (DFF), hosted more than 780 physical and over 80 virtual events, including conferences, forums, workshops and interactive sessions, attracting more than 26,000 participants from around the world. The ecosystem has also organised many innovation programmes, including ones from TechStars and Microsoft, and ...

Bloomberg The UK, seeking to put a value on the environment, said nature contributed 12 billion pounds ($17 billion) to tourism and outdoor leisure in the latest year for which data is available. The figure from the Office for National Statistics (ONS) is the result of a 30% increase in spending enabled by the natural environment from 2011 to 2019 ...

Sharjah / WAM The Sharjah Electricity, Water and Gas Authority (Sewga) intensified its efforts during the first quarter of this year by implementing natural gas projects and services, revealing the delivery of natural gas to 189 new projects and the completion of the extension of natural gas lines in 9 areas in Al Seyouh at a total length (200) km. ...

Sharjah / Emirates Business At a panel discussion organised by the Sharjah Book Authority (SBA) at the ‘Tales from the East’ exhibition, cultural experts called for the introduction of a unified indexing system to help enumerate the manuscripts in existence with the tools of the digital age, and to bring its inherent wealth of knowledge in sciences, humanities, and other ...

ABU DHABI / WAM To date, Suqia UAE, under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, has succeeded in reaching more than 13 million people across 36 countries with more than 1,000 sustainable water projects. In cooperation with its strategic partners, Suqia UAE intends to achieve further milestones to highlight Emirati authentic humanitarian values and to ...

Abu Dhabi / WAM Abu Dhabi Misdemeanour Court convicted a social media celebrity for reckless driving on a public road at speeds exceeding 205 kilometres per hour (kmph), putting his life and the lives of others at risk. The court also convicted a second defendant for participating in the crime of asking the celebrity to drive at high speed and ...