News

Abu Dhabi / WAM Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced another milestone for its pioneering Go Safe Certification programme with Al Fay Park on Reem Island becoming the latest attraction to obtain the certificate. The certification of the urban oasis park is a testament to its compliance with the highest standards of cleanliness, ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Emirates NBD signed an agreement that will improve the liquidity of UAE exporters and businesses and enhance their global competitiveness. The agreement follows the Memorandum of Understanding (MoU) signed in 2019 between Massimo Falcioni, CEO of Etihad Credit Insurance, and Ahmed Al Qassim, Senior Executive Vice ...

Dubai / WAM Coinciding with the ‘100 Million Meals’ campaign, the Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH) announced the expansion of food relief operations to 10 additional countries. The MBRCH will finance and implement food support operations in a new list of countries including Benin and Senegal in Africa, Kazakhstan, Uzbekistan, Tajikistan, Afghanistan, Kyrgyzstan and Nepal ...

DUBAI / WAM DP World, UAE region, has taken a step forward to explore the power of Quantum Computing in the logistics and trade industry through collaboration and exploration with D-Wave and other global leaders in the quantum computing sphere. This move will place the company among the top organisations that are exploring the Quantum Computing technology to boost business ...

AJMAN / WAM The Ajman Department of Economic Development (Ajman DED) signed a cooperation agreement with noon.com, the region’s homegrown digital marketplace, to support the growth and success of small and medium-sized companies and entrepreneurs in the emirate, including the members of the Small and Medium Enterprises Programme “Tazeez”, the members of the “Riyada” programme for practicing economic activities at ...

Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent ...

Bloomberg Swiss billionaire Hansjoerg Wyss will drop out of a group that was bidding for Tribune Publishing Co., according to people familiar with the situation, dealing a setback to a $681 million takeover attempt. Wyss had teamed up with Choice Hotels International Inc. Chairman Stewart Bainum Jr. on the $18.50-a-share offer, which topped a rival bid from hedge fund Alden ...

Bloomberg Sweden’s government wants to spend $104 billion on building and maintaining highways and railroads over the coming 12 years as part of the Nordic nation’s plan to achieve carbon neutrality by 2045. The proposal adds 176.5 billion kronor to previous vision, making it the country’s biggest ever framework plan for such spending, Infrastructure Minister Tomas Eneroth told journalists. It ...

Bloomberg US consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. The University of Michigan’s preliminary sentiment index rises to 86.5 from 84.9 in March, data showed. While the figure was softer than the 89 forecast in Bloomberg’s survey of ...

Bloomberg Canada issued new rules to bring down wireless costs, forcing large carriers including BCE Inc. and Rogers Communications Inc. resell access to their networks to smaller players. The decision by the telecommunications regulator makes it easier for regional telecommunications providers such as Quebecor Inc. and Cogeco Communications Inc. to compete on wireless plans with the sector’s three dominant companies ...