News

ABU DHABI / WAM The court in charge of the fight against money laundering and tax evasion within the Abu Dhabi Judicial Department (ADJD) convicted four accused persons, all Asians, and a company owned by one of the accused, for committing money laundering and fraud against 4,000 victims of the same nationality and appropriating their money by enticing them with ...

Dubai / Emirates Business On Monday, March 16, 2020, Emirates flight EK 2503 took off from Dubai to Kuwait. Although operated on a Boeing 777-300ER passenger aircraft, EK 2503 carried no passengers but about 34 tonnes of bellyhold cargo that was urgently required in Kuwait. It was the first time in the history of its operations that Emirates had operated ...

Bloomberg UK trade with the European Union (EU) deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised. UK goods exports to the EU fall almost 41% in January from a month earlier, while imports from the bloc dropped 29%, data from the Office for National ...

Bloomberg US job listings that tout working remotely as a perk have more than doubled in the past year, signaling that top companies will keep using the benefit to woo employees even as the pandemic winds down, according to job-search site Indeed. As of February, 6.9% of Indeed job postings cited remote work as an option, compared with 2.9% in ...

Bloomberg Nokia Oyj plans to cut up to 10,000 jobs in the coming years as the telecommunications equipment maker looks for new ways to save money and stay competitive with rival Ericsson AB. The measures are intended to cut 600 million euros ($715 million) off Nokia’s cost base by the end of 2023, the Finnish company said in a statement ...

Bloomberg Canada’s labour market roared back to life in February after authorities began lifting lockdowns, a striking sign of the nation’s economic resilience to the second wave of pandemic. The economy added 259,200 jobs in February, Statistics Canada reported in Ottawa, well ahead of expectations for a 75,000 gain. It’s the first month of gains since November, when a new ...

Bloomberg Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not to be identified. The ...

Bloomberg Facebook Inc. reached a multiyear deal with News Corp. in Australia, agreeing to pay Rupert Murdoch’s publishing arm for access to additional stories. The agreement resolves a dispute in the country between publishers and tech giants over payments for news articles. The deal includes content from News Corp.’s national newspaper, The Australian, as well as the Daily Telegraph in ...

GAZA / WAM The UAE has sent a second shipment of the Russian Sputnik V vaccine to the Gaza Strip. The Palestinian Health Ministry received the shipment of 38,700 doses through the Rafah Border Crossing. In a press release, the ministry expressed its thanks and gratitude to the UAE for this assistance, which strengthens health measures in the face of ...

Abu Dhabi / WAM Deposits by individuals continued to rise in UAE banks during the last quarter of 2020, hitting around AED13 billion despite economic challenges, statistics by the central bank of the UAE have showed. This ratcheted the cumulative balance of deposits in UAE banks up to AED493.9 billion by the end of December from AED480.9 billion in September ...