News

Bloomberg A gauge of output at US manufacturers and service providers reached a record high in April, adding to evidence of stronger demand that’s fuelling inflationary pressures. The IHS Markit flash composite index of purchasing managers at manufacturers and service providers increased to 62.2, the highest in data back to 2009, from 59.7 a month earlier, the group reported. Readings ...

Bloomberg Finland’s government is set to resume talks on its economic stance after coming close to a breakup during the weekend. The negotiations intended to hammer out a spending framework for the next four years ended up exposing tensions within the five-party coalition half way through its term. Social Democrat Prime Minister Sanna Marin and the left-leaning parties are pushing ...

Bloomberg The UK labour market weakened unexpectedly, with company payrolls falling for the first time in four months and more people dropping out of the workforce. The number of employees on payrolls fall 56,000 in March, the Office for National Statistics said. The jobless rate falls to 4.9% in the quarter through February because 80,000 people became economically inactive, indicating ...

Bloomberg Business sentiment rises to near record levels at the start of 2021 on an improving outlook for both domestic and foreign demand, according to the Bank of Canada. The results its latest quarterly survey of executives show business conditions continuing to improve, with many firms no longer worried about pandemic uncertainty. Managers reported stronger sales outlooks, investment intentions and ...

NEW YORK / WAM The UAE renewed its support for a peaceful, comprehensive, and just resolution to the Palestinian question in line with relevant UN resolutions, the Madrid Principles, the Arab Peace Initiative, and the Quartet road map. In a written statement submitted to the UN Security Council for the open debate on the situation in the Middle East, including ...

Sharjah / WAM Sharjah’s real estate sector saw a volume of transactions valued at AED6.7 billion during the first quarter of 2021, with a growth rate of 84.9 percent, compared to the first quarter of 2020, according to a report issued by the Real Estate Registration Department. The total number of transactions executed in the past three months reached 20,448 ...

DUBAI / WAM A record number of real estate sales transactions over 16 months was reported in March 2021, with 4,643 transactions worth AED 10.93 billion, as well as a growth of 23% in terms of transaction numbers and 47% in terms of value, compared to February, according to the 13th edition of Mo’asher, Dubai’s official sales price index, launched ...

ABU DHABI / WAM The United Arab Emirates (UAE) on Sunday expressed its condolences over the victims of the tragic hospital accident in the Iraqi capital. The Ministry of Foreign Affairs and International Cooperation stated that the UAE expresses its sincere condolences and sympathy to the sisterly Republic of Iraq, government and people, for the victims of the tragic accident ...

ABU DHABI / WAM The Department of Community Development in Abu Dhabi signed a Memorandum of Understanding (MoU) with the Abu Dhabi Department of Economic Development (Added), the Authority of Social Contribution “Ma’an”, and Abu Dhabi Global Market (ADGM), to focus on the importance of the role of social enterprises in the emirate. This agreement seeks to identify social challenges ...

Abu Dhabi / WAM The UAE has strengthened its leading position in international competitiveness indexes, related to banking and fiscal policies, by securing places among the top 20 countries in 11 related competitiveness indexes in 2020. This overall achievement highlights flexibility and attractiveness of policies implemented by UAE that support national economic growth. The Federal Competitiveness and Statistics Centre documented ...